QUESTION 9 Which of the following accounts usually need to be adjusted at year-end? Supplies Inventory Land a Land only Both Supplies invertory and Land c. Supplies Inventory only Od.Nether Supplies inventory nor Land QUESTION 10 Which of the following statements is true? Under cash basis accounting, a business records rent expense in the period that it uses hored space even when the business pays cath to the landlord in a different period b. The primary difference between the cash and accrual basis methods of accounting concerns when revenues and expenses get recorded c. Under cash basis accounting, revenue is recognized when a business cams the revenue by providing a service or delivering a product to a customer d. Generaly Accepted Accounting Principles (GMP) require the use of cash basis accounting QUESTION 11 Which of the following we asset accounts? Service Revenge Supples inventory a. Supplies Inventory only b. Neither Service Revenue or Supplies Inventory c. Both Service Revenue and Supplies Inventory d. Service Revenue only ASIA