Question 5 Increases in equity result from which of the following? O A. Receivables B. Payables c. Expenses d. Treasury Stock E Revenues Question 6 Which statement about accrual basis of accounting is correct? A Revenue is recorded when service is rendered and cash is received, expenses recognized when incurred OB Revenue is recorded when cash is received, expenses when cash is paid. c Revenue is recorded when eamed, expenses when cash is paid. On Revenue is recorded when eamed, expenses are recognized when incurred