9. All else being equal, overstating deferred revenue would oversate capital. A) True B) False

10. All else being equal, understating deferred expenses would overstate net income. A) True B) False

11. Taxes you owe would be recorded as a deferred expense. A) True B) False

12. Rent paid to you in advance would be recorded as deferred revenue. A) True B) False

13. Rent paid by you in advance would be reorded as an accrued expense. A) True B) False