According to Investor insight (What About Dividends on page 9-25) in Chapter 9 of the text, what is the average annual growth of dividend payers from 1927 to 2014? 8.5% 70.4% 1.9% 33% Question 22 4.17 pts In December 2020 Your Company prepays $24,000 for Auto Insurance that will cover company vehicles in 2021. What is the effect on the accounting equation of the adjustment needed in January 2021, the first month that the auto insurance is in effect? Assets decrease $24,000, Stockholders' Equity decreases $24,000 O No effect Liabilities decrease $2,000; Stockholders' Equity increases $2,000 Assets decrease $2,000; Stockholders' Equity decreases $2,000 According to Accounting Across the Organization on page 3-4 in Chapter 3 of the text, how do organizations usually determine the start and end of their fiscal year? None of the other answers are correct Many companies end their fiscal year when inventory or operations are at a low point. Many companies start their fiscal year during the month they began operations. The SEC requires a 12/31 fiscal year end. D Question 24 4.12 In May of 2021, Your company pays APS $250 cash for electricity used in May. What is the effe on the accounting equation? Liabilities decrease $250; Stockholders' Equity decrease $250 O Assets decrease $250; Stockholders' Equity increases $250 Assets decrease $250; Stockholders' Equity decreases $250 O Liabilities increase $250; Stockholders' Equity decrease $250