12. Which item from BS decreases when a firm makes loan payments according to the amortization schedule? Retained earnings Common stock Accounts payable Long-term debt* Long term debt13. Which item is based on a percentage of sales? Tax expense Salary expense Cost of goods sold Both B and C** Both B and C 14. What is true for large firms' common stock? The account will always change every period Employee stock options exercise increase common stock** common stock is greater than additional paid-in-capital it is not the legally liable amount Employee stock options exercise increase common stock