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Public corporations: Muitiple Choice are setup for non-profit purposes. are businesses owned by two or more people, each of whom is personally liable for the debts of the business: are businesses whose shares are bought and sold on a stock exchange. are businesses whose shares are bought and sold privatey. Which of the following is not an expense and would not show on Income Statement? Multiple Choice Paying wages workers. Paying dividends Paying electricity bilis Paying rent A Chimpanzee Company sells land for $180,000 that it bought four years ago for $320,000. This transaction, when recorded, would be: Multiple Choice operating revenue. an operating expense. a loss. non-operating revenue. Mutiple Choice Using the accrual bosis of accounting, the revenue is reported in January 2021. Using the accrual basis of accounting, the revenue is reported in November 2020. Using the accrual basis of accounding, the revenue is reported when the expenses are paid. Using the cash bass of accounting. the revenue is reported in November 2020