If a company prepares a consolidated income statement, IFRS requires that net income be reported for o the minority interest only O as a single amount only O both the majority interest and the minority interest O the majority interest only Mune Company recorded journal entries for the declaration of R$55,000 of dividends, the R$32,000 increase in accounts receivable for services provided, and the purchase of equipment for R$21,000. What net effect do these entries have on equity? O Decrease of R$23,000 Decrease of R$ 76,000 Increase of R$ 16,000 Decrease of R$44,000 Pappy Corporation received cash of HK$12,000 on September 1, 2015 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2015 adjusting entry is O debit Rent Revenue and credit Unearned Rent Revenue, HK$8,000 O debit Cash and credit Unearned Rent Revenue, HK$8,000 O debit Rent Revenue and credit Unearned Rent Revenue, HK$4,000 debit Unearned Rent Revenue and credit Rent Revenue, HK$4,000