QUESTION 2 Which of the following is NOT true? OA The financial statement which reports information helplul in calculating B A gain on the sale of land is indluded in net income from operations in a mult-stop O C. The governmental agency that has broad powers to prescribe OD.Current assets wil be typically be converted to cash or sold/consumed in one year or less. OE All of the above are true. the current ratio would be the balance sheet. in a mult-step income statement accounting practices to public companies tat trade on the major stock exchanges is the Securities QUESTION 3 Which of the folowing is NOT true: OA Intangibles include Patents/Copyrights, Trademarks/Trade names, Franchises, and Goodwil. ? B. Revenue is defined as an inhw of cash resulting from sale of products and services in business operations. OC.Comparablity is the quality that allows a user to analyze two or more other companies and look for simlarities and diferences O D. on the income stabement since they are a distribution to the owners, dividends are a direct deduction from retained earmings OE All of the above are true QUESTION 4 Which of the following would cause a company's curent ratio to increase