Answer all the Questions and should have included 500 words in each questions: 1. Expenses, losses, and distribution of owners are all decreases in net assets. What are the distinctions among them? 2. Is it necessary that a trial balance be taken periodically? What purpose does it serve? 3. How does information from the balance sheet help users of the financial statements? 4. What is the relationship between current assets and current liabilities? 5. What is the difference between Accounts receivable and Revenue?