Question: will always increase shareholders' equity. Question 7 (1 point) Which of the following statements is correct? If drawing on an operating line of credit results

will always increase shareholders' equity. Question 7 (1 point) Which of the following statements is correct? If drawing on an operating line of credit results in a negative cash balance, this is known as bank indebtedness (a current liability). When paying inventory which has previously been bought on account, the accounts payable account has to be credited. Unearned revenue is a financial liability. None of the listed statements is correct. Question 8 (1 point) Saved fr 2000 The estimated residual

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