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During 2021, a company incurred operating expenves amounting to $100,000, of which $75.000 was pald in cash; the bulance wal be paid during 2022 .
During 2021, a company incurred operating expenves amounting to $100,000, of which $75.000 was pald in cash; the bulance wal be paid during 2022 . Which of the following is correct for the 2021 yearend balance sheet? Assets decrease 5100,000 and stockholden' equity decreases 1100000 Net incere will dronse by 5100000 : retained eamines wal stcrehie by $75,000, tash wit decreave by 575,000
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