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How will this November 30 transaction impact the financial statements of Greenstreet CPAs? A) Net income decreases on the income statement. B) Retained earnings decreases on the balance sheet. C) Cash decreases on the balance sheet. D) All of the above are true. 2) Freenctrept CPAc naid \&9nn for an adverticement that anneared in the Kancac City Star thic wepk Under U.S. Generally Accepted Accounting Principles (GAAP), what does a company record when it utilizes a resource? A) Revenue B) Expense C) Liability D) Dividend