Question : 141. There four transactions that affect stockholders’ equity. Which the two : 1233759

141. There are four transactions that affect stockholders’ equity. Which are the two transactions that increase stockholders’ equity? 
A. Revenues and expenses
B. Expenses and dividends
C. Revenues and stockholders’ investments
D. Stockholders investments and expenses

142. There are four transactions that directly affect Stockholders’ Equity. Which are the two transactions that decrease Stockholders’ Equity? 
A. Dividends and expenses
B. Revenues and expenses
C. Stockholders’ investments and revenues
D. Stockholders’ investments and expenses

143. Rivers Computer Makeover Company has received $3,500 in cash for services rendered. What affect does this transaction have on the accounting equation? 
A. Increase Assets (Cash) and decrease Stockholders’ Equity (Expenses)
B. Increase Assets (Cash) and decrease Assets (Accounts Receivable)
C. Increase Assets (Accounts Receivable) and increase Stockholders’ Equity (Fees Earned)
D. Increase Assets (Cash) and increase Stockholders’ Equity (Fees Earned)

144. Rivers Computer Makeover Company paid their first installment on their Notes Payable in the amount of $2,000. How will this transaction affect the accounting equation? 
A. Increase Liabilities (Notes Payable) and decrease Assets (Cash)
B. Decrease Assets (Cash) and decrease Stockholders’ Equity (Note Payable Expense)
C. Decrease Assets (Cash) and decrease Assets (Notes Receivable)
D. Decrease Assets (Cash) and decrease Liabilities (Notes Payable)

145. Rivers Computer Makeover Company received their first electric bill in the amount of $60 which will be paid next month. How will this transaction affect the accounting equation? 
A. Increase Liabilities (Accounts Payable) and decrease Stockholders’ Equity (Utilities Expense)
B. Increase Liabilities (Accounts Receivable) and decrease Stockholders’ Equity (Utilities Expense)
C. Decrease Assets (Cash) and decrease Liabilities (Accounts Payable)
D. Decrease Assets (Cash) and decrease Stockholders’ Equity (Utilities Expense)

146. Rudy Rivers has withdrawn $750 from Rivers Computer Makeover Company’s cash account to deposit in his personal account. How does this transaction affect Rivers Computer Makeover Company’s accounting equation? 
A. Increase Assets (Accounts Receivable) and decrease Assets (Cash)
B. Decrease Assets (Cash) and decrease Stockholders’ Equity (Dividends)
C. Decrease Assets (Cash) and decrease Liabilities (Accounts Payable)
D. Increase Assets (Cash) and decrease Stockholders’ Equity (Dividends)

147. Which of the following is not a business transaction? 
A. Becky deposits $25,000 in a bank account in the name of Becky’s Daycare.
B. Becky provided services to customers earning fees of $300.
C. Becky pays her monthly personal credit card bill.
D. Becky hires a part-timer to begin work next week.
E. Becky purchased cribs for her daycare agreeing to pay the supplier next month.

148. The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time, such as a month or year, is called a(n) 
A. prior period statement
B. statement of retained earnings
C. income statement
D. balance sheet

149. All of the following are financial statement(s) of a corporation except the 
A. statement of retained earnings
B. statement of owner’s equity
C. income statement
D. statement of cash flows

150. Which of the following financial statements reports information as of a specific date? 
A. income statement
B. statement of retained earnings
C. statement of cash flows
D. balance sheet