16. How does providing services for cash affect the accounting equation? Is it considered an asset source, asset use, or asset exchange transaction? 17. How does the payment of cash dividends to...

16. How does providing services for cash affect the accounting equation? Is it considered an asset source, asset use, or asset exchange transaction?

17. How does the payment of cash dividends to stockholders affect the accounting equation? Is it considered an asset source, asset use, or asset exchange transaction?

18. If the total claims by owners of Davis Construction are $50,000 and liabilities are $25,000, what are total assets?

19. What does the historical cost concept require?

20. Give three examples of asset use transactions.