The statement that links the net income with a change in retained earnings is the Select one: O a. Balance sheet O b. Income statement O c. Statement of retained earnings Od. None of the above

If an owners equity account decreases, then Select one: O a. An owners' equity account decreases O b. An asset account increases O c. A liability account increases O d. None of the above

Elvon LLC borrowed $40,000 from the bank. The loan increases a liability account and Select one: Oa. Increases an owners' equity account O b. Decreases an owners' equity account O c. Increases an asset account Od. None of the above

Left-hand entries decrease, Select one: O a. Asset accounts P O b. Liability accounts O c. Owners' equity accounts O d. Both B and C Oe. None of the above

Credit sales increase, Select one: O a. Cash O b. Accounts Receivable O c. Owners' equity O d. Both B and C O e. None of the above

Which of the following are added to net income to determine aast Select one: O a. Depreciation O b. Amortization O c. Both A and B O d. Gain on asset sale O e. None of the above from operating activities?

Working capital is Select one: O a. Current assets plus current liabilities O b. Current assets minus current liabilities O c. Current assets pluswners' equity O d. None of the above

On the balance sheet, the account that shows salaries owed but Select one: a. Current asset O b. Noncurrent asset O c. Current liability O d. Noncurrent liability Clear my choice