Please answer the below question ASAP for MBA 560 financial and mangerial accounting ASAP.
Paying a repair bill as soon as it was received would:
A. increase expenses.
B. increase owners' equity.
C. decrease revenues.
D. increase liabilities.
Generally companies will prepare financial statements:
A. at the end of the accounting period.
B. only when both the balance sheet and income statement are affected.
C. at the close of every business day.
D. after every transaction.