are these correct? it was cut out of the document i downloaded.

net loss period date going-concern equity ratio total equities statement of cash flows d d b If expenses for a period exceed revenues for the same period, the entity is deemed to have suffered a An income statement is prepared for a while a balance sheet is prepared as of a Under the concept, the accountant assumes that a business will continue more of less indefinitely. is equal to stockholders' equity divided by shows the cash inflows and cash outflows for a period of time. Indicate the effect each of the following transactions has on the basic accounting equation by indicating one of the following: 1. 2. 3. 4. 5. a. Decrease in an asset, decrease in a liability. b. Increase in an asset, increase in stockholders' equity. c. Increase in one asset, decrease in another asset. d. Increase in an asset, increase ina liability. e. None of the above. Purchased equipment on account. Returned an item of defective equipment purchased in (1). Paid cash to the supplier of equipment purchased in (1) for the remainder of the equipment. Received cash on account from customers. The stockholders invested additional cash in the business.