QUESTION 13 If total assets decrease, then which of the following statements is true? O Liabilities, common stock, or retained earnings must decrease. O Liabilities, common stock, or retained earnings must increase. O Liabilities must increase and retained earnings must decrease. Common stock must decrease and retained earnings must increase. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Wing Company paid $20,000 cash in salaries to its employees. Which of the follow Assets = Liabilities + Stockholders' Equity A. +/- n/a n/a B. + n/a C.- n/a D. + n/a Option D O Optionc 0 Option B O Option A + Click Save and Submit to save and submit. Click Save All Ansuers to save all answers, following shows the impact of this transaction on Wing's accounting equation? de all answers QUESTION 15 Which form of business organization is established as a legal entity separate from its owners O Partnership O Sole proprietorship None of these O Corporation QUICSTION 10 Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 16 Which of the following entities would have a paid-in capital in excess O A sole proprietorship. O Apartnership O A municipality O A corporation Click Save and Submit to save and submit. Click Save All Answers to sau of par (or stated) value account in the equity section of the balance sheet? o save all answers