NEED ANSWERS WITH THESE 2.

When cash is paid before the expense is incurred to generate revenue, costs are stated as: Multiple Choice Prepaid (asset). Payable (llability) Shareholders' equity. Receivable (asset). If a company receives $20,000 from a customer as settlement of an account receivable, and the company uses the money to pay $20,000 to a supplier as settlement of an account payable then the net effect would be that: Multiple Choice llabilities would decrease by $20,000 while shareholders' equity would increase by $20,000. O both assets and liabilities would decrease by $20,000. assets would increase by $20,000 while liabilities would decrease by $20,000. O O both assets and shareholders' equity would decrease by $20,000