If a firm buys back a portion of its outstanding common stock using its cash, all else equal (i.e., this is the only activity involving the Balance Sheet),

Group of answer choices

a) total assets will decrease

b) debt will increase

c)equity will increase

b)total assets will increase

In the income statement, R&D expenses are

Group of answer choices

a)Operating expenses

b)Special charges

c)COGS

d)Non-operating expenses