Business, 07.04.2020 21:39 melany682296

Sensa Corporation incurred operating expenses amounting to $140,000 of which $85,000 was paid in cash; the balance will be paid during 2015. Which of the following is correct for the 2014 year-end balance sheet

Assets decrease $170,000 and stockholders' equity decreases $170,000
Stockholders' equity decreases $75.000 and assets decrease $75,000.
Stockholders' equity decreases $170,000, assets decrease $75,000, and liabilities increase S95000
Assets decrease $170.000, liabilties increase $95,000, and stockholders' equity decreases $170,000

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Sensa Corporation incurred operating expenses amounting to $140,000 of which $85,000 was paid in cas...

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