Question 25 (2 points) All of the terms below have to do with accounting theory. Which one of the terms was specifically emphasized in the FASB's current statement on the QUALITATIVE CHARACTERISTICS OF ACCOUNTING INFORMATION? Conservatism Stable dollar assumption Periodicity Reliability Question 26 (2 points) The correct order of steps in the accounting cycle is to Journalize, Post, Close, Adjust, Reverse Journalize. Post. Adjust, Close, Reverse Journalize. Post. Reverse. Adjust. Close Journalize, Adjust. Close, Reverse Post Question 27 (2 points) Which of the following, if any, should be presented BOTH net of tax AND with its own separate Earning per Share disclosure: Net Operating Income A Prior Period Adjustment to the Beginning Retained Earnings balance Non-Operating Income Net income from Discontinued Operations None of the above get BOTH a separate tax and EPS disclosure Question 28 (2 points) Which of the following statements is true? Unearned Rent Revenue is a liability account. Unearned Rent Revenue is a contra-account. Unearned Rent Revenue would be closed during the closing process. Unearned Rent Revenue appears on the Income Statement