Pick one answer for each question please.

5. Which of the following statements regarding the balance sheet is true? A. Any account on the balance sheet labeled "receivable" is a liability. B. Categories of Stockholders' Equity on the balance sheet include Current Assets, Property and Equipment, and Other Assets. C. The basic accounting equation must always balance. D. Equipment is classified as a current asset. Question 6 2 pts 6. Which of the following is true? A. Companies can select any day except a holiday to end their fiscal year. B. Companies must end their fiscal year on March 31, June 30, September 30, or December 31. C. The U.S. government will assign each company a fiscal year. D. Companies can choose to end their fiscal year on any date, usually during a low point in the business cycle