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Which of the following does not consistent with the concept of recording adjusting entries? Question 4 Not yet answered Marked out of 1.00 a. Prepared at the end of the fiscal period. Ob. Records transactions when cash is received or paid. Oc Records (recognizes) for the current period, expenses when incurred and revenues when earned. d. Required by the accrual basis of accounting P Flag question Which of the following is not considered as current asset? Question 5 Not yet answered Marked out of 1.00 p Flag question a. Marketable securities b. Work in process inventory c. Prepaid interest Od. Uneamed rent income Accountants normally recognize revenue when cash is received. Question 6 Not yet answered Marked out of 1.00 a. False b. True Flag