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All Star Company borrows $25.000 and signs a 2%. five-year note. The company uses $10.000 of the cash to purchase needed supplies. After recording these

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All Star Company borrows $25.000 and signs a 2%. five-year note. The company uses $10.000 of the cash to purchase needed supplies. After recording these events. All Star's assets increase by $25,000. stockholders equity increases by $15.000. stockholders equity increases by $25,000. O assets increase by $15.000. D Question 2 2 pts Oriole Company pays $15,000 of its existing $25,000 obligation. This event O decreases the company's assets and liabilities O decreases assets and stockholders equity O decreases liabilities and increases stockholders equity O increases assets and stockholders equity Royal Oak Company uses accrual accounting. At the beginning of the accounting period, the company purchases $5,000 of supplies. At the end of the period. $2.000 of supplies remain. Royal Oak's required adjusting entry results in a $3.000 decrease in assets and stockholders' equity. Royal Oak's required adjusting entry results in a $2,000 decrease in assets and liabilities. Royal Oak's required adjusting entry results in a $3,000 decrease in assets and liabilities. Royal Oak's required adjusting entry results in a $2.000 decrease in assets and stockholders' equity Question 4 2 pts + Delta Dental Office uses accrual accounting. The dental office will increase its revenue during the current period if the dental office receives cash for dental services that will be provided in a future accounting period. receives cash from a stock issuance during the current accounting period. O bills for next period's dental services O provides services this period and bills for the services during the next accounting period

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