2. Thc following amounts are reported in the ledger of Mariah Company:
Assets 580,000
Liabilities 36.000
Retained Earnings 12.000
1. What is the balance in the Common Stock account?
A. $44,000.
B. $32,000.
C. $48,000.
D. S42,000.
2. When cash payments arc made to stockholders, what is the effect on the company's accounts? %. Cash decreases and dividends increase.
3. Cash increases and dividends decrease.
a. Cash decreases and common stock decreases. ). Cash increases and common stock increases.
b. Which of the following is not an asset account? . Supplies.
c. Accounts Payable.
d. Equipment.
Accounts Receivable.