Quick multiple choice accounting questions. I will rate if all answered thank you!

Exceptions to the realization principle include the installment basis of revenue recognition for sales revenue and the completed-contract method for long-term construction projects Select one True False At the end of the accounting period, three trial balances are prepared. Select one: O True O False The conceptual framework project resulted in identifying two primary qualitative characteristics that accounting information should possess relevance and reliability Select one True O False The underlying assumptions of accounting includes all the following except: Select one or more: a. Going concern. b. Money measurement and periodicity c. Business entity d. Matching Which of the following statements is false regarding the revenue recognition principle? Select one or more a Some small companies use the cash basis of accounting Ob Under the installment basis, the gross margin recognized in a period is equal to the amount of cash received from instaliment sales times the gross margin percentage for the year of sale c The accountant usually recognizes revenue before the seller acquires the right to receive payment from the buyer d. Revenue must be substantially earned before it is recognized