1. The purchase of equipment on credit is recorded by a:

   	a.	Debit to Equipment and a credit to Accounts Payable
   	b.	Debit to Accounts Payable and a credit to Equipment
   	c.	Debit to Equipment and a debit to Accounts Payable
   	d.	Credit to Equipment and a credit to Accounts Payable

2. Indicate which financial statement(s) "Dividends" would appear on: (may be more than one)

   	a.	Retained Earnings Statement
   	b.	Balance Sheet
   	c.	Income Statement

3. Indicate which financial statement(s) "Cash From Operations" would appear on: (may be more than one)

   	a.	Balance Sheet
   	b.	Income Statement
   	c.	Cashflow Statemen

4. During the current year, liabilities of Angelino's Store increased by $210,000, and owners' equity increased by $140,000.

   	a.	Assets at the end of the year total $350,000.
   	b.	Assets at the end of the year total $70,000.
   	c.	Assets increased during the year by $350,000.
   	d.	Assets decreased during the year by $70,000.