Mar. 31 The company paid a $500 cash for the month's utilities. The event decreases net income because the expenses increase . The event decreases total assets. The event has not effect on total liabilities. The event decreases equity because net income decreases . Is this correct? Why or why not ? Explain

Answer rating: 100% (QA)

Answer The statement is partially correct Lets break it down 1 The company paid 500 cash for the mon... View the full answer