Assets + Equity - Liabilities Assets + Llabilities - Equity QUESTION 10 The company declares and pays a cash dividend to its owner (the sole shareholder). How does this transaction effect the company's basic accounting equation? Decreases assets and decreases equity Decreases assets and decreases liabilities Increases assets and increases equity Increases assets and increases liabilities Increases one asset and decreases another asset Click Save and Submit to save and submit. Click Save All Answers to save all answer A company purchased supplies on credit earlier and now pays the creditor the amount owed. How does this transaction effect the company's basic accounting equation? Decreases equity and decreases assets Decreases liabilities and decreases assets increases assets and increases equity Increases assets and increases liabilities Increases one asset and decreases another asset QUESTIONS A company pays its rent for the current month. How does this transaction effect the company's basic accounting equation? Decreases equity and decreases assets Decreases liabilities and decreases asset Increases assets and increases equity Increases assets and increases liabilities Increases one asset and decreases another asset Click Save and Submit to save and submit. Click Save All Answers to see all answers. Save o QUESTION 1 if total assets decrease by 54,000 during a period of time and liabilities increase by $8.000 during the same period, what is the amount and direction (increase or decrease) of the period's change in equity? $4.000 decrease $4,000 increase 512.000 decrease O $12.000 increase