12 (1 point) Which of the following accounts would appear on the Income Statement? Accounts Payable O Cost of Goods Sold Retained Earnings Cash Question 13 (1 point) What is the basic accounting equation? Assets + Stockholders' Equity - Liabilities O Assets Liabilities - Stockholders' Equity Assets Liabilities + Stockholders' Equity Asset + Liabilities Stockholders' Equity Question 14 (1 point) Porter Consulting records deprecation expense as an adjusting entry at the end of the fiscal period. The journal entry to record depreciation expense will include a Debit to Depreciation Expense Debit to Cash Debit to PP&E Debit to Accumulated Depreciation Question 15 (1 point) It is possible for a journal entry to have two debits and no credits. 00 True False