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please answer 19-23, thank you!! 19. Printing Plus, Inc purchases equipment on account for $3,500. The net impact to assets is: a. No Change b.
please answer 19-23, thank you!! 19. Printing Plus, Inc purchases equipment on account for $3,500. The net impact to assets is: a. No Change b. Increase c. Decrease d. Not enough information provided 20. On February 23rd Printing Plus, Inc received cash from a customer for services rendered on January 2nd. The net impact to assets is: a. No Change b. Increase c. Decrease d. Not enough information provided 21. On January 23rd Printing Plus, Inc received cash from a customer when services would be rendered on February 2nd. The net impact to liabilities is: a. No Change b. Increase c. Decrease d. Not enough information provided 22. On February 2nd Printing Plus, Inc paid cash in salaries expense to employees for work performed in January. The net impact to incomes is: a. No Change b. Increase c. Decrease d. Not enough information provided 23. All of the following describe the usefulness of the income statement except: a. Evaluate past performance b. Help asses the risk of uncertainty of achieving future cash flows c. Provides information about resources, obligations and equity d. Predicting future performance
please answer 19-23, thank you!!
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