Question 9 Incorrect Most accounting policy choices affect both the income statement and the balance sheet. Select the balance sheet account(s) that would be affected by a policy choice at the same time as the cost of goods sold income statement account. Mark 0.00 out of 1.00 Flag Select one: O a. Accounts receivable x incorrect. Read 16.2 Background to accounting policy choices: b. Prepaid expenses O c. Prepaid insurance O d. Property, plant and equipment O e. Inventories