During 2010,Sensa Corporation Incurred Operating Expenses Amounting to $100,000 of Which

question 78

Multiple Choice

During 2010,Sensa Corporation incurred operating expenses amounting to $100,000 of which $75,000 was paid in cash; the balance will be paid during 2011.Which of the following is correct for the 2010 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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