9. All of the following are correct EXCEPT: A) Assets = Liabilities + Owners' Equity B) Revenue-Expenses-Dividends Net Income C) Beginning Retained Earnings + Net Income - Dividends Ending Retained Earnings D) Beginning Cash Balance +/- Increase (Decrease) in Cash -End Cash Balance 10. When a company performs a service and immediately collects the cash from the customer, which of the following would occur? A) Net income would increase B) Expenses would decrease C) Assets would decrease D) Stockholders' equity would decrease 11. A cost incurred to help support the day-to-operations of a business and for which the business receives no future value is a (n): A) Revenue B) Expense C) Liability D) Gain 12. Assume revenues are $100, dividends $10, expenses $70, contributed capital $400, and beginning retained earnings $50. The firm's ending retained earnings would be: A) $20 B) $30 C) $70 D) $470 E) None of the above