CBAD 201 Exam 1 – Mastering the Basics of Business Administration

CBAD 201: Exam 1 – Mastering the Basics of
Business Administration

Common stock __________ stockholders' equity - correct answer ✔✔Increases



Retained Earnings ________ stockholders' equity - correct answer ✔✔Increases



Dividends _____________ stockholders' equity - correct answer ✔✔decreases



Revenues ______________ stockholders' equity - correct answer ✔✔increases



Expenses ______________ stockholders' equity - correct answer ✔✔decreases



Assets ______ with debit and _________ with credit - correct answer ✔✔increase, decrease



Liabilities ________ with debit and _________ with credit - correct answer ✔✔decrease, increase



Expenses _________ with debit and _______ with credit - correct answer ✔✔increase, decrease



Revenues ________ with debit and _________ with credit - correct answer ✔✔decrease, increase



Dividends _________ with credit and __________ with debit - correct answer ✔✔decrease, increase



Common stock ________ with credit and _________ with debit - correct answer ✔✔increase, decrease



Retained earnings __________ with debit and ________ with credit - correct answer ✔✔decrease,
increase