Multiple Choice
Cup's Inc. paid $15,000 in salaries and wages for February. This transaction will:
A) increase Expenses and decrease Revenue.
B) increase Expenses and increase Liabilities.
C) decrease Assets and increase Expenses.
D) increase Assets and Expenses.
Correct Answer:

Verified
Correct Answer:
Verified
Q66: If Liabilities are $22,000 and Assets are
Q67: Revenue, Expenses, and withdrawals are subdivisions of:<br>A)
Q68: Which accounts are affected when the company
Q69: A purchase of a vehicle on credit
Q70: The Sarbanes-Oxley Act was passed to:<br>A) prevent
Q72: The Owner's Equity of Logan's Company is
Q73: Which of the following transactions would cause
Q74: Expenses:<br>A) are costs the company incurs in
Q75: Which of the following is NOT a
Q76: Discuss the advantages and disadvantages of sole