on 34 General-purpose financial statements are the product of red d out of Select one: a. neither financial nor managerial accounting g question b. managerial accounting c. both financial and managerial accounting. O d. financial accounting ion 36 t red XYZ Co recorded journal entries for the declaration of $110,000 of dividends, the $64,000 increase in accounts receivable for services provided, and the purchase of equipment for $42,000. What net effect do these entries have on equity? d out of g question Select one: O a. Increase of $32,000 O b. Decrease of $88,000. o C. Decrease of $152,000. O d. Decrease of $46,000