The sale of merchandise to a customer partly for cash and partly on account would require which of the following? increase in Accounts receivable, increase in Cash, increase in Sales Revenue increase in Cash, decrease in Accounts Payable, increase in Sales Revenue increase in Cash, increase in Sales Revenue decrease in Accounts Payable, increase in Accounts Receivable, increase in Sales Revenue If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation? a decrease in Retained Earnings and an increase in Expenses a decrease in Cash and an increase Expenses a decrease in Cash and an increase in Retained Earnings a decrease in Cash and a decrease in Retained Earnings e statement of financial position measures cash inflows and outflows of a company over a period of time. True False Capital Appreciation refers to increase in value of shares. Othe gain on the sale of an asset. Othe allocation of the value of an asset over its useful life. Oall of the abo Working capital measures the company's ability to meet its short-term obligations using its non-current assets. True False In 2020 Muller Ltd. earned gross revenues of $2,500,000 and had net income of $480,000. During 2020 the company had 200,000 common shares outstanding and its average shareholders' equity was $1,000,000. Muller's basic earnings per share for 2020 is $2.50. $2.40. $12.50. $0.48