Please answer 5,6 and 7. Thank you.

QUESTION 5 3.5 points Save Answer OOOO Which of the following cash transactions results in no net change in assets? Borrowing cash from a bank Issuing common stock for cash Purchasing land for cash Providing services for cash QUESTION 6 3.5 points Save Answer OOOO Li Company paid cash to purchase land. As a result of this accounting event: total assets decreased. total assets were unaffected. total equity decreased. both assets and total equity decreased. QUESTION 7 3.5 points Save Answer SOOOO In uncertain circumstances, the conservatism principle guides accountants to: accelerate revenue recognition and delay expense recognition. accelerate expense recognition and delay revenue recognition. recognize expense of prepaid items when payment is made. delay both expense recognition and revenue recognition