QUESTION 30 The accrual basis of accounting OA record revenues as it is earned, and matches expenses against the revenue it generates Obrecord expenses beforehand and matches it with the revenue as it is eamed Oc records only cash transactions Od records only credit transactions QUESTION 31 XYZ Company had $98.000 in net sales, $55,000 in selling expenses $10,000 in administrative expenses, and $3.000 in miscellaneous income What is XYZ Company's net incom Oa. $36.000 Ob.$90.000 Oc$1,000 Od 55.000) QUESTION 32 Which of the following are all assets accounts? Oa accounts receivable, equipment, prepaid insurance Obaccounts payable, prepaid insurance, land Ocpples inventory, revenue Odventury supples expense, buldings QUESTION 33 Which of the flowing is not a liability account O accounts payable Owage pense Ocnies payable Owages paya QUESTION 34 A of the wing and in the cone statiment, except? O&wage e Obed samp Oct of sales C & nipples