Incorrect Question 4 0/1 pts Which of the following would be classified as an asset? Select all that apply. Cash Land Equipment Bank loan Gold Taxes the business owes the government Incorrect Question 5 0/1 pts Assume a business starts the year with only one asset, $124,000 cash. During the year, the business uses $60,000 of the cash to purchase a building. How many assets (in dollars) does the business have at the end of the year? 184,000 60,000 124,000 64,000 Partial Question 7 0.33/1 pts Profit is (mark all that apply) the owners' total equity in the business revenue - expense net income earnings for the period 21,000 Incorrect Question 9 0/1 pts Jen is the owner of Jen's Hair Salon. At the beginning of the year, Jen had $33,000 of equity in her business. During the year her salon had revenues of $44,000 and expenses of $53,000. How much equity does Jen have in her business at the end of the year? 33.000 19.0001 42.000 24,000 0.25 / 1 pts Partial Question 10 Income statements (mark all that apply) tell you the amount of profit a company made during the period tell you the amount of revenues and expenses a company had for the period tell you how much cash a business has in the bank tell you how much a business owes the bank tells you the amount of sacrifices a business incurred to earn its revenue is also called a PL Partial 0.75 /1 pts Question 11 Balance Sheets (mark all that apply) tell you how much cash a company has at the end of the period tell you how much profit a business earned during the period tell you how much equity the owners have in the business tell you the business's assets. liabilities, and equity tell you how much the business is obligated to pay creditors tell you how much a company spent purchasing assets during the period