Calculate the account balance for the following and select the answer: Dr. Unearned Revenue $ 10,200.00 2,200.00 $ ta. A A 5,000.00 600.00 $ 800.00 Select one: O a. $18,800 Credit b. $11,600 Debit c. $11,600 Credit O d. $18,800 Debit Next page Every business is to be accounted for separately from its owner(s) or any other economic entity of the owner is know as the Select one: O a. Cost Contraint O b. Business Entity Principle O c. Measurement O d. Going Concern Assumption If depreciation expense for the company vehicle was not recognized at year end the effect on the income statement would be: O a. No effect on the income statement. Only the balance sheet. O b. Net Income would be understated. on O c. Net Income would be overstated. O d. Gross profit would be understated. W Next page C Prepaids is included in the calculation of the Quick Ratio formula. Select one: O True O False Quiz navig Question 18 Credits do not always represent a decrease in an account. 1 2 Not yet answered 10 11 Select one: O True Marked out of 2.00 20 19 O False Flag question 28 29