Mohammed Alkhalili: Attempt 1 Question 20 (1 point) Which of the following defines accrual accounting system? Measures the cost of replacing an employee. Provides the appropriate information to the external community. Records transactions when money is either received or spent. Provides information to the management of a business and aids in internal controls. Records transactions when they occur. Question 21 (1 point) Which of the following is the equation form of current liabilities? cash + marketable securities + accounts receivable + prepaid expenses + inventory cash + marketable securities + accounts receivable - prepaid expenses + inventory investments + fixed assets accumulated depreciation + intangible assets notes payable + accounts payable + other items payable + dividends payable + the current portion of long-term debt Dlong-term debt + pension fund liabilities + long-term lease obligations