During fiscal 201 6, Shoe Productions recorded inventory purchases on credit of $337.8 million. nventory at the start of the year was $38.2 million and at the end of the year was $53.0 million Which of the following describes how these transactions would be entered on the financial statement effects template? Select one O A. Increase liabilities (Accounts payable) by $323.0 million ( O O B. Increase expenses (cost of goods sold by S337.8 million C. Increase expenses Cost of goods sold) by $323.0 million D. Increase noncash assets (Inventory) by $14.8million E. Both A and C During fiscal 2016.Stanley Black & Decker Corporation reported Net income of $965.3 million and paid dividends of $330.9 million. Which of the following describes how these transactions would affect Stanley Black and Deckers equity accounts? (in millions) Select one OA. Increase contributed capital by $965.3 and decrease earned capital by $330.9 O B. Decrease contributed capital by $330.9 and increase earned capital by $965.3 CIncrease contributed capital by $634.4 D. Increase earned capital by $634.4 OE. None of the above During s first three months of operations. Carit's Bakery, Inc. purchased supplies such as plates napkins, bags, and cutlery for $9.000 and recorded this as supplies inventory. Supplies on hand at the end of the first quarter. amount to $5600. To prepare financial statement for the first quarter, the company must record which of the following accounting adjustments? Select one: A. Increase Supplies expense by $5.600 and decrease Supplies inventory by $5.600 B. increase supplies expense by $3.400 and decrease supplies inventory by $3.400 C.Increase Supplies inventory by $5.600 and decrease Supplies expense by $5.600 D. Increase supplies inventory by $3.400 and decrease supplies expense by $3.400 E.None of the above