2. If a company's assets are $100,000, liabilities are $50,000, and equity is $50,000, what is the company's debt-to- equity ratio? a) 0.5 b) 1 c) 2 d) 1.5 3. Which accounting principle requires that expenses be recorded in the same period as the revenue they help to generate? a) Matching principle b) Conservatism principle c) Revenue recognition principle