Thirty years ago, Star Grocer Corporation had purchased a building for its grocery store by paying $30,000. Based on inflation estimates, the amount of the building has been adjusted in the accounting records. The building is now reported at $75,000 in Star Grocer's financial statements. Which of the following concepts or principles of accounting is being violated? going concern assumption revenue realization concept economic entity assumption cost principle Which of the following statements would be most useful if an analyst wants to know the profitability of a company? income statement balance sheet statement of retained earnings statement of cash flows Which of the following is true of retained earnings? Retained earnings decrease with payment of dividends. Retained earnings increase with purchase of capital assets. Retained earnings decrease with collection of revenue. Retained earnings increase with payment on account. Which of the following accounts decreases with a credit? Cash Common Stock Accounts Payable Notes Payable When a business makes a cash payment, the Cash account is debited