Accounting

1. The sale of merchandise to a customer partly for cash and partly on account would require which of the following?

a) increase in Cash, increase in Sales Revenue

b) .increase in Cash, decrease in Accounts Payable, increase in Sales Revenue

c).decrease in Accounts Payable, increase in Accounts Receivable, increase in Sales Revenue

d) increase in Accounts Receivable, increase in Cash, increase in Sales Revenue

2. When a company reports net income, financial statement users see this as a sign that

a) all of the choices.

b) the company has the ability to sustain itself.

c) the company has the ability to declare dividends

d.) the company is viable.