3 6 In accrual basis of accounting, only business transactions are recorded when cash has been paid or received. A) True B) False 9 12 21 15 18 Question 8 (1 point) A corporation has all of the following attributes except A) Limited Liability B) Easy Transfer of ownership C) Unlimited life D) Single taxation 21 24 21 27 Question 9 (1 point) Which of the following is not included in paid-in capital? A) Appropriation per Loan Agreement B) Paid-In Capital-Donations C) Common Stock D) Stock Dividend Distributable