5. A is an intangible asset A.building B.piece of machinery C.trademark D.piece of equipment E.computer 6. According generally accepted accounting principles (GAAP). revenue is recognized as income when A.a contract is signed to perform a service or deliver a good. B.the transaction is complete and the goods or services are delivered C.payment is requested. D.income taxes are paid. E.All of the above. 7. Assets are listed on the balance sheet in order of 55 A.decreasing liquidity B.decreasing size C.increasing liquidity D.increasing size E.None of the above 553 8. Which of the following is a noncash expense? A.Depreciation B.Deferred taxes C.Payroll expenses CD.Both A and B E. All of the above 9. In 2019, TimeNow Corporation had fixed assets of $1,345, current assets of $280, current liabilities of $180 and shareholders' equity of $775. What was the networking capital for Time Now in 2004? A.$180 B.$100 C.$260 D.$390 E.None of the above