quick ans only please no explanation

16. Which of the following statements is not correct?

Select one:

a. Expenses represent decreases in economic benefits.

b. Income decreases equity.

c. Equity represents the owners claims on the assets after deducting all liabilities.

d. Assets are resources controlled by the entity.

Assurance services which assess an entitys compliance with environmental requirements are an example of:

Select one:

a. Information systems reliability

b. Sustainability audits

c. Electronic commerce

d. Business performance management

Newsome Company purchased equipment for $105 000 on 1 January 2018 with an estimated life of 8 years and a residual value of $5 000. The straight-line method of depreciation is useD. What is the carrying amount of the equipment in the balance sheet of Newsome Company at 30 June 2019?

Select one:

a. $100 000

b. $87 500

c. $81 250

d. $105 000

15. On 1 October 2018 Tanyas Pools paid $2400 for a 12 month insurance premium. The $2400 was initially recorded in the insurance expense account. The adjusting entry required to accurately represent the expired insurance at 31 December 2018, the close of the annual accounting period, is:

Select one:

a. DR Prepaid insurance $1200; CR Insurance expense $1200

b. DR Prepaid insurance $1800; CR Insurance expense $1800

c. DR Prepaid insurance $600; CR Insurance expense $600

d. DR Insurance expense $200; CR Prepaid insurance $200