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Question 34 How does receiving an invoice to be paid next month for services received this month affect the accounting equation? assets decrease: stockholders equity

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Question 34 How does receiving an invoice to be paid next month for services received this month affect the accounting equation? assets decrease: stockholders equity decreases assets increase: liabilities increase O Habilities increase: stockholders' equity increases liabilities increase: stockholders' equity decreases Question 35 The matching concept addresses the relationship between the journal and the balance sheet determines whether the normal balance of an account is a debit or credit states that expenses related to revenue be reported at the same time the revenue is reported requires that the dollar amount of debits equal the dollar amount of credits on a trial balance UH, Question 36 Financial reports are used by investors management creditors all are correct

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