Which of the Following Would Increase Assets and Increase Liabilities

question 63

Multiple Choice

Which of the following would increase assets and increase liabilities?

• A)Provide services to customers on account.
• B)Purchase office supplies on account.
• C)Pay dividends to stockholders.
• D)Receive a utility bill but do not pay it immediately.

Identify and categorize transactions in the investing and financing sections of the statement of cash flows.

Analyze changes in balance sheet accounts to determine their effects on cash flows.

Calculate net cash provided by operating activities using both indirect and direct methods, when required.

Determine the impact of cash dividends on cash flow.

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Definitions:

Secondary Sexual Characteristics

Physical features that distinguish the two sexes of a species, but are not directly involved in reproduction.

Maturation

The process of becoming mature, either physically, mentally, emotionally, or a combination of these aspects.

Sperm

The male reproductive cell or gamete of an animal, which is capable of fertilizing the female ovum (egg) to produce offspring.

Posterior Surface

Refers to the back part or surface of an object, structure, or body part.