27 Not yet answered Points out of 1.00 Flag question An income and expense statement includes: a. expenses, net worth, and cash surplus (or deficit). O b. income, liabilities, and net worth. c. net worth, surplus, and profit (or loss). Od. savings, surplus, and profit (or loss). Oe. income, expenses, and cash surplus (or deficit). Question 28 Not yet answered Points out of 1.00 Flag question Investment assets are acquired to: a. provide a service. O b. increase productivity. O c. be used in our everyday lives. O d. be easily converted to cash. e. earn a return. Question 29 Not yet answered Points out of 1.00 Flag question Loans should be recorded as a liability on the balance sheet at their balance. a. original b. year-end c. beginning O d. current O e. average outstanding