11. Cash received from sale of land: O a. Income Statement O b. Statement of Retained Eamings O c. Balance Sheet Statement d. O d. Statement of Cash Flows

11. Cash received from sale of land: O a. Income Statement O b. Statement of Retained Earnings O c. Balance Sheet Statement O d. Statement of Cash Flows 12. Interest revenue would appear on: Oa Income Statement O b. Statement of Retained Earnings C. Balance Sheet Statement Od Statement of Cash Flows 13. In January 1, 2018, total assets and total liabilities for Liftoff Technologies were $125,000 and $110,000, respectively. On December 31, 2018, total assets and total liabilities were $ 145,000 and $115,000, respectively. What are the amount of the change and the direction of the change in Liftoff Technologies stockholders' equity for 2018? O a decrease of $15,000 O b. increase of $15,000 Oc increase of $30,000 Od decrease of $30,000 because 14. The normal balance of a revenue account is a revenues increase . credit, equity Ob credit assets OC.debit, equity Od debit, assets 15. Prepaid insurance is a(n) and unearned revenue is a(n) O a. liability, asset Ob b. expense, revenue Ocasset, revenue d asset, liability 16. The entry to record the credit sales of $2,500 would be: 2,500 2,500 O a. Cash 2,500 Sales Revenue O b. Accounts Receivable 2,500 Sales Revenue Oc Sales Revenue 2,500 Accounts Receivable Od Cash 2,500 Accounts Receivable 2,500 2.500