Decide whether each of the following statements regarding accounting concepts are true or false.

Liabilities are listed on the balance sheet in order of their liquidity, meaning how easily they can be

converted to cash.

Dividends appear on both the income statement and the statement of retained earnings.

Paying off long term debt with cash would cause a company's current ratio to decrease.

A gain from the sale of a building would be included in Income from Operations on an income statement.

T$,$ T$,$ T$,$ F

T$,$ F$,$ T$,$ T

$F,F,T,F$

F$,$ T$,$ T$,$ F

$F,F,F,T$