12. Paragraph Styles Imagine you are reviewing a financial report which has the following words in its heading "As at 30th June 2009". This signifies that the report: AECDE A. Could be a balance sheet B. Could be a profit and loss statement C. Could be a statement of owners' equity. D. Could be a cash flow statement. E. Could not be any of the above 13. The Mosaic hotel hosts an afternoon seminar for Brief Conventions Ltd. Brief Conventions has received an invoice from Mosaic for $1,200 to cover the event. Following the event, but prior to receiving Brief Conventions' payment, Mosaic would report the amount owing on its balance sheet as: A. A liability B. An account payable AAGDE C. D. A customer advance payment Revenue An account receivable Inventory should be listed on the balance sheet under what heading? 14. ARCDE D. A. Assets B. Liabilities 15 C. Owners' equity Revenue Expense With respect to owners' equity which of the following statements is true?