In 2020 Apple, Inc paid $14,000 in dividends to shareholders. How are accounts affected by thi transaction? Assets increase $14,000, Stockholders' Equity increases $14,000 O Liabilities decrease $14,000; Stockholders' Equity increases $14,000 Assets decrease $14,000; Stockholders' Equity decreases $14,000 Liabilities increase $14,000, Stockholders' Equity decreases $14,000 Question 43 4.1 How is property, plant, and equipment reported on financial statements? O At book value or cost minus accumulated depreciation. On the balance sheet at fair value. On the income statement at original cost. On the income statement at fair value. The Income Statement includes revenues and expenses at a specific point in time. includes revenues and expenses over a period of time. includes assets, liabilities, and stockholders' equity over a period of time. includes assets, liabilities, and stockholders' equity at a specific point in time. Question 45 4. In 2019, Orange Inc. performs work for a customer and bills the customer $250,000 and pays expenses of $80,000. The customer pays Orange in 2020. If Orange uses the accrual basis of accounting, then they will record: Revenue of $250,000 in 2019 Revenue of $250,000 in 2020 O Expenses of $80,000 in 2020 Net Income of $170,000 in 2020