Are the follow Duration : MULTIPLE CHOICE QUESTIONS: (AL, CI, D3) (Point) 1 Which financial statement displays the r e al meases of a company for a period of time? Balmce sheet. b. Cash Flows c. Owners' Equity. d Income Statement 2. Which account is not a liability account? 4. Buildings b. Loans C. Bands. d. Interest payable. 3. Which of these is not included as a separate item in the basic accounting equation a Assets b. Expenses c. Liabilities d. Owners' Equity The credit termas offered to a customer by a business firm are 10/10, 1/30, which means that 4. The customer must pay the bill within 10 days. b. The customer can deduct a 10% discount if the bill is paid between the 10th and 30th day from the invoice date. The customer can deduct a 10% discount if the bill is paid within 10 days of the invoice date. daliwo sales teams can be made within 10 days of the voice date and no retums 5. Net sales equal b C sales revenue - Operating expenses ales revenue - COGS Sales revenue sales disco s ales allowance Sales revenue sales discounts allowance figli in