a. Net Income Prior period adjustment C. Discontinued operations Dividends paid of account is unearned service revenue? ability b. Revenue c. Contra asset d. Equity 7. A limitation of the balance sheet that is not also a limitation of the income statement is a- the use of judgments and estimates b. omitted items the numbers are affected by the accounting methods employed d) valuation of items at historical cost 8. The correct order to present current assets is cash, accounts receivable, prepaid items, inventories b.) cash, accounts receivable, inventories, prepaid items. cash, inventories, accounts receivable, prepaid items. d. cash, inventories, prepaid items, accounts receivable. 9The financial statement which summarizes assets, liabilities, and equity of an entity at a. retained earnings statement b. income statement statement of cash flows d. alance sheeet 10. Which of the following events will appear in the cash flows from financing activities section of the statement of cash flows? a. Cash purchases of equipment. b. Cash received from sale of land. Cash paid to acquire bonds issued by another company d. Cash received from issue of stock