RT ( ng Ch. 3) (Ch. ng nd (Ch.6) am ntrol zing ind d QUESTION 1 tion Status: Which of the following is the most app O a. The information system that ide O b. A means of collecting informatio O C. The interconnected network of s O d. Electronic collection, organization QUESTION 2 Current liabilities are expected to be: O a. Converted to cash within one year Ob. Paid within one year. OC. Used in the business within one ye O d. Acquired within one year. QUESTION 3 Prepaid expenses are recorded as: ac an the statement of menn