Multiple Choice
During 20B,Blue Corporation incurred operating expenses amounting to $100,000,of which $75,000 were paid in cash; the balance will be paid in January 20C.Transaction analysis of operating expenses for 20B,should reflect which of the following?
A) decrease shareholders' equity,$75,000; decrease assets,$75,000.
B) decrease assets,$100,000; decrease shareholders' equity,$100,000.
C) decrease assets,$100,000; increase liabilities,$25,000; decrease shareholders' equity,$100,000.
D) decrease shareholders' equity,$100,000; decrease assets,$75,000; increase liabilities,$25,000.
Correct Answer:

Verified
Correct Answer:
Verified
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