Arial Ceapa Paste BIU A + Merge & Co Clipboard Font Alignment A64 X f B) a net loss for the company. B C 0 29 5. An important fact related to accrual accounting is that 30 A) adjusting entries are not required 31 B) expenses are recorded when incurred. 32 C) revenue is recorded when cash is received 33 D) revenue is recorded when cash is received and expenses 34 are recorded when incurred 35 36 6. The debt to equity rabo is: 37 A) total liabilities divided by total stockholders' equity 38 B) total long term liabilities divided by total fixed assets 39 C) total assets divided by total liabilities 40 D) total stockholders' equity divided by total long term liabilities 41 42 7 A promise by a customer to pay cash in the future is a(n): 43 A) liability 44 B) prepaid asset 45 C) account receivable. 46 D) note payable 47 48 8. Financial statements are prepared from 49 A) an adjusted trial balance. 50 B) an unadjusted trial balance 51 C) the previous year's financial statements 52 D) the general journal 53 Multiple Choice True False Ratios Analysis Bank Rec N w P