Question 22 The Electricity and Water Expense account is a real account Oa. b. nominal account revenue account oc liability account d. Question 23 A complex capital structure requires a dual presentation of earnings per share a b. consists of common stock and convertible preferred stock or convertible bonds applies only when a company has nonconvertible preferred stock or nonconvertible bonds both a and b d. Question 24 Which of the following is not a primary activity in the value chain? inbound logistics a. b. infrastructure operations Od marketing and sales Question 25 A journal entry must consist of Oa a single debit entry and a single credit entry Ob two credit entries if they are the same amount Oc any combination of debit and credit entries as long as the number debit entries equals the number of credit entries. any combination of debit and credit entries as long as the total dollar amounts of debits equals the dollar amounts of credits. d Question 26 What is auditing Ca Certifying the financial soundness of an enterprise by examining its accounting records. ob Minimizing the risk perceived with the cost and allocation of capital Examining the accounting records of an enterprise to ensure the fairness and reliability of its financial statements, a Monitoring the financial performance of an enterprise