Linear language is circular, subjective, and tradition oriented

Which of the following liability accounts is likely to be reduced by an action other than payment of cash?

A. Wages payable B. Deferred subscriptions revenue C. Accounts Payable D. All the above will be satisfied by cash payment

Bill owns 200 shares of EG stock. In November, the market price of EG was $15.45. Bill sold two March 16 calls on EG for $246

Between November and March, EG stock fluctuated between $14.75 and $15.85. EG paid a quarterly dividend of $0.40 per share on January 31. Over the November-March period, Bill earned A) $80. B) $(176). C) $326. D) $256.