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If equipment which the firm has previously acquired is used in operations then all else equal stockholders'equity will increase. O an asset will increase. O
If equipment which the firm has previously acquired is used in operations then all else equal stockholders'equity will increase. O an asset will increase. O stockholders' equity will decrease. O a liability will increase. ABC started the year with total assets of $300,000 and total liabilities of $200,000. During the year, ABC recorded $500,000 in computer repair revenues, $300,000 in expenses, and paid dividends of $100,000. ABC's stockholders' equity changed by what amount from the beginning of the year to the end of the year? O $150,000 O $200,000. $250,000 O $100,000 At December 1, 2019, ABC had an accounts payable balance of $40,000. During the month, the company made purchases on account of $48,000 and made payments on account of $33,000. At December 31, 2019, the accounts payable balance is O $55,000 O $25,000 O $41,000 O $121,000 ABC's employees work overtime to finish an order that is sold on March 30. The workers are paid in April. The office sends a statement to the customer in early May and payment is received in June. The overtime wages should be expensed in O April O March O May June
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