Limitations of the income statement include all of the following except income numbers are affected by the accounting methods employed w items that cannot be measured reliably are not reported only actual amounts are reported in determining net income income measurement involves judgment Munt Company recorded journal entries for the declaration of R$55,000 of dividends, the R$22.000 increase in accounts receivable for services provided, and the purchase of equipment for R$21,000. What net effect do these entries have an equity? Decrease of R$75,000 Increase of $15,000 Decrease of R$44,000 Decrease of R$23,000 Maso Company recorded journal entries for the issuance of ordinary shares for $50,000, the payment of 51,000 on accounts payable, and the payment of salaries and wages expense of 21,000. What net effect do this entries have on equity? Increase ol 550,000 Increase of $16,000 Increase of $37,000 Increase of 529,000