Question 40 4 pts The financial statement that represents the accounting equation is the: Statement of cash flows. Balance sheet Income statement Statement of stockholders' equity. Question 41 4 pts Which of the following is the correct order for preparing the financial statements listed? Income statement, statement of stockholders' equity, and balance sheet Statement of stockholders' equity, income statement, and balance sheet Balance sheet, income statement, and statement of stockholders' equity Balance sheet, statement of stockholders' equity, and income statement Question 42 4 pts When cash payments are made to stockholders, what is the effect on the company's accounts? Cash increases and dividends decrease Cash decreases and dividends increase Cash increases and common stock increases. Cash decreases and common stock decreases. D. Question 43 4 pts When a company provides services on account, the accounting equation would be affected as follows: Revenues increase. Assets increase. Assets increase and stockholders' equity increases. Assets increase and liabilities decrease. Previous Next