b

A user who uses accounting information to evaluate the risks of granting loan to the business O a. Creditor O b. Regulatory agency O c. Employee O d. Investor The accounting cycle starts with the: O a. analysis of business transaction O b. preparation of ledger accounts O c. preparation of adjusting entries O d. preparation of trial balance 4 Owner's equity can be increased through of O a withdrawals by the owner O b. expenses exceeding revenues Oc purchase of assets by cash O d investments by the owner ion Which among the following is an example of prepaid expense? O a. Insurance paid in advance for the whole year O b. Insurance paid for current month Oc. Insurance not paid O d. Insurance to be paid next year