9. Which of the following statements is correct regarding current assets items: a. Cash, receivables, creditors, inventory, and prepaid expenses b. Cash, receivables, bank loans, inventory, and prepaid expenses A c. Cash, receivables, inventory, and short term investments d. Cash, receivables, inventory, stockholders` equity and prepaid expenses

10. According to revenue recognition principle, revenue will be recognized: a. When the company receives cash or cheque for the sales b. When the company pays cash or cheque for the purchase lo ad IIA A c. When the company delivers goods or provides services for the clients d. When the company receives goods or services from the suppliers

a. Cash, receivables, creditors, inventory, and prepaid expenses b. Cash, receivables, bank loans, inventory, and prepaid expenses c. Cash, receivables, inventory, and short term investments d. Cash, receivables, inventory, stockholder' equity and prepaid expenses 10. According to revenue recognition principle, revenue will be recognized: a. When the company receives cash or cheque for the sales b. When the company pays cash or cheque for the purchase c. When the company delivers goods or provides services for the clients d. When the company receives goods or services from the suppliers