20.

Liabilities are reported on the

a. statement of owner's equity

b. balance sheet

c. income statement

d. statement of cash flows

21.

Which of the following is a guideline for behaving ethically?

	I.	Identify the consequences of a decision and its effect on others.
	II.	Consider your obligations and responsibilities to those affected by the decision.
	III.	Identify your decision based on personal standards of honesty and fairness.

a. II and III

b. I and II

c. I, II, and III

d. I and III