Q.3) Choose the most suitable answer for each of the following questions: 1. assets include a. Cash b. notes payable Crevenues 2. intangibles include a goodwill b. cash inventory 3. It is granted for life of the creator, plus 70 years a. Copyrights b. Goodwill c. Patents 4. Short-term obligations created by the acquisition of goods or services a. Payables b. Unearned expenses c. Prepaid revenues 5. Caused by using different accounting methods for tax and reporting purposes a. Deferred tax b. Warranty obligations c Options 6. Established by the articles of Incorporation: a. Market value b. Par value Additional paid in capital 1. Earnings divided by the number of shares of outstanding common stock a. EPS b. ROA C. ROE 8. Issuing a percentage of outstanding stock as new shares to existing shareholders: a. Cash dividends b. Stock dividends c. Options