Yi Company Provided Services to a Customer for $5,500 Cash.as

Glavine Company repaid a bank loan with cash.The cash flow from this event should be shown on the horizontal statements model as A)an operating activity that decreases cash,decreases equity,and decreases net income. B)a financing activity that decreases cash and decreases liabilities. C)a financing activity that decreases cash,decreases equity,and decreases net income. D)an investing activity that decreases cash and decreases liabilities.

Retained Earnings at the beginning and ending of the accounting period was $300 and $800,respectively.If revenues were $1,100 and dividends paid to stockholders were $200,expenses for the period must have been A)$500. B)$400. C)$900. D)$700.