19 Which of the following would be considered part of the cost of machinery and equipment? Insurance after purchase Maintenance Sales taxes Repairs after start-up QUESTION 20 According to the revenue recognition principle, revenues should be recognized when cash is received True False QUESTION 21 A major difference between Accounts Payable and Notes Payable is that Accounts Payable are more formal than Notes Payable Notes Payable are only long-term assets. only Accounts Payable are classified as current assets. only Notes Payable charge interest