During 2019,Sensa Corporation Incurred Operating Expenses Amounting to $100,000,of Which

question 6

Multiple Choice

During 2019,Sensa Corporation incurred operating expenses amounting to $100,000,of which $75,000 was paid in cash;the balance will be paid during 2020.Which of the following is correct for the 2019 year-end balance sheet?

• A)Stockholders' equity decreases $75,000 and assets decrease $75,000.
• B)Assets decrease $100,000 and stockholders' equity decreases $100,000.
• C)Assets decrease $100,000,liabilities increase $25,000,and stockholders' equity decreases $100,000.
• D)Stockholders' equity decreases $100,000,assets decrease $75,000,and liabilities increase $25,000.

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