81) For a journal entry with only two lines, the following entry is valid: Increase in Owners' Equity, Increase in Revenue. A) False B) True 82) of the following, the most important objective for financial accounting is to provide information useful for: A) Providing accountability. B) Increasing future profits. C) Predicting cash flows. D) Determining taxable income. 83) Following are transactions of ABC., a new company, during the month of January: 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Purchased $300 of office supplies on account. 6. Paid employees $10,000 for their first month's salaries. How many of these transactions decreased ABC's total assets? A) Three. B) One. C) Two. D) Four. 84) After the First STEP in the Operating Cycle the firm has? A) Inventory B) Cash C) Account Receivable D) None of the other three SIN