Mune company recorded journal entries for the declaration of $25 of dividends, the $16 increase in accounts receivable for services rendered, and the purchase of equipment for $105000. what net effect do these entries have on stockholders’ equity?
a. decrease of $355,000
b. decrease of $195,000
c. decrease of $90,000.
d. increase of $55,000.

Money from an allowance or job is known as .

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

The gorman group is a financial planning services firm owned and operated by nicole gorman. as of october 31, 2016, the end of the fiscal year, the accountant for the gorman group prepared an end-of-period spreadsheet, part of which follows: