a decrease in Cash and an increase in Accounts Payable . an increase in Accounts Payable and a decrease in Retained Earnings . 8-Net income results when Revenues > Expenses . Revenues < Expenses . Assets > Liabilities . 9- Liabilities of a company are owed to underwriters . creditors . debtors . benefactors .
10- At October 1 , Arcade Fire Enterprises reported stockholders ’ equity of $ 35,000 . During October , common stock of $ 2,000 was issued and the company earned net income of $ 7,000 . If stockholders ’ equity at October 31 totals $ 40,000 , what amount of dividends were paid during the month ?
$ 2,000 $ 4,000 $ 5,000 $ 0
11 -Ethics are the standards of conduct by which one ’ s actions are judged as