Question 6 Which of the following adjusting entries are created from transactions where cash is paid/received before a Not yet related expense/revenue is recognized ("deferrals")? answered Points out of Select one: 4.00 O a. Insurance payable Flag question O b. Accrued liabilities O c. Accrued revenues O d. Unearned revenues Question 7 In a statement of cash flows, cash payment for acquisition of other companies' securities (e.g., common stock Not yet purchase) should be classified as cash flows from answered Points out of Select one: 4.00 O a. financing activities Flag question O b. operating activities O c. investing activities O d. selling activities Question 8 Titans changed its Bad Debt Expense computation to 4% of annual credit sales. Previously, it had used 3 Not yet annual sales. What is the appropriate treatment of this under U.S. GAAP? answered Points out of Select one: 4.00 O a. As an unusual or infrequent gain or loss Flag question O b. As a change in accounting principle O c. As a prior period adjustment O d. As a change in accounting estimate