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Question 9 Nepal and Prints out of 1.50 p Flag goesting Which of the following items should be amortized? Select one a. natural resources b.goodwill o c. patents, copyrights, trademarks d. more than one of the above is correct. Question 8 Note and tot 250 p Flag question Which of the following is true regarding the periodic inventory system? Select one a. Purchases are not recorded in the periodic inventory system. b. The periodic inventory system is not permitted by GAAP. c. The periodic system does not constantly keep track of Inventory. d. Sales are not recorded in the periodic inventory system. Question 10 Kapet and Pines out 250 p Flag question Under the perpetual inventory system, purchase discounts are: Select one a. debited to Merchandise Inventory O b. credited to Merchandise Inventory C. debited to cost of goods sold. O d.credited to Cost of goods sold. Question 11 No toto poi Which of the following is an Equity account? Select one a Dividends b. Retained earnings Salaries expenses d. Sales revenue X 1.50 Question 12 At year-end, Baker Production Company recorded the following accounts: Accounts Payable $25,000, Notes Payable $30,000, Common Stock $40,000, and Retained Earnings $12,000. How much is Baker's total assets for the same year? Select one a $50,000 $52.000 C$55.000 d. $107.000