Please answer each of the accounting questions thank you!

1. 2. 3. 4. 5. In a recent annual report, Apple reported the following in one of its disclosure notes. "Warranty expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." The note describes Apple's use of: a. b. c. d. Conservatism. Recognizing revenue when earned. Expense recognition principle. Materiality. If financial information is material, it does not matter if a company reports it. a. True. b. False. Comprehensive income equals: a. b. c. d. Assets minus liabilities. Net income + other comprehensive income/-other comprehensive loss. Revenues minus expenses. Cash receipts minus cash payments. The financial statements that explain the change in a company's financial position include: a. b. c. d. Income statement. Statement of cash flows. Statement of stockholders' equity. All of the above answers are correct. Recognizing expected losses immediately but waiting to recognize expected gains is an example of: a. b. c. d. Materiality. Conservatism. Revenue recognized when earned. Use of historical cost.