12.

16.tammy company paid cash to purchase a long term operational asset. The cost of the asset will be expensed (depreciated)

A.Over the useful life of the asset

B.When the asset is sold

C.On the day it is purchased

D. At the end of its useful life

31. Liabilities are reported on which of the following financial statements?

A.Balance sheet

B.Income statement

C.Statement of changes in stockholders equity

D. Statement of cash flows

32.which of the following statements is true regarding accrual accounting ?

A.Revenue is recorded in the period when it is earned

B.Revenue is recorded only when cash is collected

C.Expenses are recorded when they are incurred

D. Revenue is recorded in the. when is earned and expenses are recorded when they are incurred

Help Save & Exit Stmt of AssetsLiab. Equity Rev.ExpNet Inc. cash Flows -NA + NA NA NA +FA Which of the following accounting events could have caused these effects on the elements of Chico's financial statements? Earned cash revenue Issued common stock