Indicate whether each of the following statements about equity is true or false.
________ a)Expenses decrease retained earnings.
________ b)stockholders' equity and liabilities can be viewed either as sources of assets or claims to assets of the business.
________ c)Retained earnings is increased by loans received from a bank.
________ d)Dividends paid to stockholders decrease common stock.
________ e)Generally,assets are reported at the actual price paid for them when purchased regardless of subsequent changes in market value.

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The Answer of Indicate whether each of the following statements about equity is true or false.
________ a)Expenses decrease retained earnings.
________ b)stockholders' equity and liabilities can be viewed either as sources of assets or claims to assets of the business.
________ c)Retained earnings is increased by loans received from a bank.
________ d)Dividends paid to stockholders decrease common stock.
________ e)Generally,assets are reported at the actual price paid for them when purchased regardless of subsequent changes in market value.

Indicate Whether Each of the Following Statements About Equity Is