Business

Gibson

31 March, 01:03

Mune Company recorded journal entries for the declaration of $250000 of dividends, the $160000 increase in accounts receivable for services rendered, and the purchase of equipment for $105000. What net effect do these entries have on stockholders' equity?

a. Decrease of $355,000

b. Decrease of $195,000

c. Decrease of $90,000.

d. Increase of $55,000.