27. The best definition of revenue is: a. the dollar amounts of resources used by the organization b. the cash generated by the organization's operating activities c. the cash received by the organization from the sale of goods and services d. the amounts received, or expected to be received, by the organization for goods or services delivered to customers 28. Gino's Pastry Shop sold a building for $190,000 in cash. The cost was $850,000 and the accumulated depreciation was $625,000. Which statement is true? a. Property, Plant and Equipment will increase by the amount of $850,000 b. Loss on Sale of Equipment will be recorded in the amount of $35,000. c. Accumulated Depreciation will decrease by the amount of $850,000. d. Gain on Sale of Equipment will be recorded in the amount of $225,000. 29. The Debt-to-Equity ratio is Total Liabilities divided by Total Shareholders' Equity. The Debt ratio is Total Liabilities divided by the sum of Total Liabilities and Total Shareholders' Equity. Blue Company has Total Liabilities of $400,000 and Total Stockholders' Equity of $350,000. What is the Debt ratio, and the Debt-to-Equity ratio, respectively? a. 87.5% and 187.5% b. 145.22% and 33.33% c. 95.0% and 155.0% d. 53.3% and 114.3%