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The company paid a supplier $38,000 on account at December 31, 2006. The company declared a cash dividend at December 31, 2006. Two of the above.
B. The company paid a supplier $38,000 on account at December 31, 2006. C. The company declared a cash dividend at December 31, 2006. D. Two of the above. A. Trading securities owned by the company declined in value between their purchase date and the company"s December 31, 2006 year-end. Which of the following items would cause a decrease in a company"s 2006 net income? A. Trading securities owned by the company declined in value between their purchase date and the company"s December 31, 2006 year-end. B. The company paid a supplier $38,000 on account at December 31, 2006. C. The company declared a cash dividend at December 31, 2006. D. Two of the above. E. None of the above.
