Dividends increase liabilities on which of the following dates? Select one: a. Record date b. Declaration date c. Payment date d. Sale date When the LIFO method of inventory valuation is used, Cost of Goods Sold is assumed to consist of: Select one: a. The least expensive units b. The most expensive units c. The most recently purchased units d. The oldest units The purchase of Equipment with cash results in: Select one: a. Total Working Assets Capital Increased increased b. Total Working Capital Assets Decreased Decreased c. Total Working Assets Capital Unchanged Decreased od. Total Assets Working Capital Unchanged Unchanged e. Total Working Assets Capital Decreased increased