10. The heading "For the year ended June 30, 201x wou ld be appropriate for each of the following EXCEPT for the A. balance sheet B. income statement c. statement of retained earnings D. statement of cash flows. 11. The idea that all expenses incurred in generating revenues should be recognized in the same period as the revenues is the A. time period concept. B. realization concept. c. matching principle. D. revenue recognition principle 12. Which of the following accounts would NOT normally be found on a balance sheet? A. Rent Payable B. Rent Expense C. Prepaid Rent D. Unearned Rent 13. March Corp issued 10 year, 8, $100,000 face bonds at a $5,200 premium. The bonds pay interest annually. Which of the following is true? A. The market rate of interest was greater than the stated B. The market rate of interest equaled the stated rate of c. The market rate of interest was less than the stated rate D. You can't tell which is true without more informatiorn rate of interest interest of interest. Use the following information to answer questions #14-15: ABC Corp. purchased a piece of equipment on January 1, 2018 for $14,800. The equipment has an estimated life of five years or 27,000 units of production and an estimated residual value of $1,300. 14. ABC uses the straight-line method. How much is its depreciation expense for 2018? A. $2,700 B. $2,960 C. $2,415 D. $1,300