Question 22 Not yet answered Marked out of 1.00 Flag question Financial securities which can be changed into cash to their book value price are categorised as Select one: a. Cash Equivalents b. Long-term Investments c. Short-term Investments O d. Inventories Question 21 Not yet answered Marked out of 1.00 Flag question ABC Co. incurs cleanup expense of $500 on December 30. The supplier's invoice states that the $500 is due by January 10 and ABC will pay the invoice on January 9. ABC follows the accrual basis of accounting and its accounting year ends on December 31. What is the effect of the cleanup service on the December balance sheet of ABC? Select one: a. No Effect On Owner's Equity b. Note Payable Due In Two Years c. Liabilities Increased O d. Assets Decreased