D Question 13 3 pts Which of the following is the correct order of preparation of financial statements? O Income statement statement of owner's equity balance sheet statement of cash flows Statement of owner's equity balance sheet income statement statement of cash flows O Balance sheet statement of owner's equity income statement statement of cash flows O Balance sheet income statement statement of owner's equity statement of cash flows 13:01 Search Take Quiz Exit Statement of owner's equity + balance sheet income statement statement of cash flows Balance sheet statement of owner's equity income statement statement of cash flows Balance sheet income statement statement of owner's equity statement of cash flows Question 14 3 pts Describe how the following affect the basic accounting equation: Pav rash for enuinment Select) doesn't affect the equation at all ly decrease cash and increase owners equity exchanges one asset for another increase asset and decrease liability D Question 15 3 pts Question 14 3 pts Describe how the following affect the basic accounting equation: Pay cash for equipment [ Select ] Invest cash in the business (Select] Pay cash owed for services previously purchased (Select] D Question 15 3 pts As of December 31, 2016, Sunland Company has assets of $41,000 and owners equity of $21.500. What are the liabilities? $62,500 $21,500 $19,500 not enough information here to tell 13:02 Search Take Quiz Exit Question 16 3 pts Who are 2 external users of accounting data? user 1 user 2 Question 17 3 pts Saturn Company paid $10,000 on accounts payable. How does this transaction affect the accounting equation of Saturn? assets decrease by $10,000 and equity increases by $10,000 assets decrease by $10,000 and liabilities decrease by $10,000 assets increase by $10,000 and equity decreases by $10,000 assets increase by $10,000 and liabilities increase by $10,000