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QUESTION 4 The cash purchase of goods for resale to customers is an a (an): Non-cash investing and financing activity. Investing activity O Financing activity.

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QUESTION 4 The cash purchase of goods for resale to customers is an a (an): Non-cash investing and financing activity. Investing activity O Financing activity. O Operating activity QUESTION 5 Entity H furnished plumbing services on credit to its customer. The entry to record this transaction will include: O a debit to Accounts Receivable O a debit to Cash O a credit to Cash O a credit to Unearned Service Revenue QUESTION 6 Deciding whether to expense the purchase of small calculators over their estimated useful lives of five years is an example of O going concern O historical cost O periodicity O materiality

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