4. Which of the following is not a correct accounting statement? A) Assets -Liabilities - Owner's Equity B) Net Assets -Owner's Equity C) Owner's Equity -Assets - Liabilities D) Assets- Owner's Equity + Liability 5. Which of the following does an income statement reflect? A) Revenue Plus Expenses B) Revenue Minus Expenses C) Assets Minus Liabilities D) Increase or Decrease in Owner's Equity 6. Which of the following are not assets accounts? A) Checkings/Savings Account B) Prepaid Insurance C) Accounts Payable D) Real Estate