QUESTION 28 1 points Cash basis accounting accounts for income when it is earned and expenses when they are incurred. O True False QUESTION 29 1 points On the balance sheet, liabilities are listed according to their or when the liability or debt is due to be paid by the organization. notional amount interest rate risk O maturity Save Answer Save Answer QUESTION 25 1 points is the expenses that are related to equipment and properties that are used up by the organization in the process of producing and distributing goods and services. COGS Depreciation Interest Taxes Save