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Howwouldnetincomebemostlikelytoaffecttheaccountingequation?

A. Increaseassetsandincreaseliabilities
B. Decreaseassetsanddecreaseliabilities
C. Increaseliabilitiesanddecreasestockholders’equity
D. Increaseassetsandincreasestockholders’equity

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Duringtheyear,EcoWash,Inc.,has$120,000inrevenues,$50,000inexpenses,and$4,000individendpayments.Stockholdersequitychangedby:

A. +$66,000
B. +$70,000
C. -$66,000
D. +$74,000

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Duringtheyear,EcoWash,Inc.,has$120,000inrevenues,$50,000inexpenses,and $4,000individendpayments.EcoWashhadnetincome(ornetloss)of

A. netlossof$50,000.
B. netincomeof$70,000.
C. netincomeof$66,000.
D. netincomeof$120,000

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RochesterCorporationholdscashof$11,000andowes$27,000onaccountspayable.Rochesterhasaccountsreceivableof $40,000,inventoryof$34,000,andlandthatcost$55,000.HowmuchareRochesterstotalassetsandliabilities?

A. Totalassets$129,000；TotalLiabilities$27,000
B. Totalassets$27,000；TotalLiabilities$140,000
C. Totalassets$140,000；TotalLiabilities$27,000
D. Totalassets$140,000；TotalLiabilities$93,000

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Duringtheyear,McKennaCompanysstockholdersequityincreasedfrom$38,000to $50,000.McKennaearnednetincomeof$18,000.Howmuchindividendsdid McKennadeclareduringtheyear?

A. $-0-
B. $6,000
C. $12,000
D. $7,000

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Howwouldnetincomebemostlikelytoaffecttheaccountingequation?

A. Increaseassetsandincreaseliabilities B. Decreaseassetsanddecreaseliabilities C. Increaseliabilitiesanddecreasestockholders’equity D. Increaseassetsandincreasestockholders’equity

Duringtheyear,EcoWash,Inc.,has$120,000inrevenues,$50,000inexpenses,and$4,000individendpayments.Stockholdersequitychangedby:

Duringtheyear,EcoWash,Inc.,has$120,000inrevenues,$50,000inexpenses,and $4,000individendpayments.EcoWashhadnetincome(ornetloss)of

RochesterCorporationholdscashof$11,000andowes$27,000onaccountspayable.Rochesterhasaccountsreceivableof $40,000,inventoryof$34,000,andlandthatcost$55,000.HowmuchareRochesterstotalassetsandliabilities?

Duringtheyear,McKennaCompanysstockholdersequityincreasedfrom$38,000to $50,000.McKennaearnednetincomeof$18,000.Howmuchindividendsdid McKennadeclareduringtheyear?

A. Increaseassetsandincreaseliabilities
B. Decreaseassetsanddecreaseliabilities
C. Increaseliabilitiesanddecreasestockholders’equity
D. Increaseassetsandincreasestockholders’equity