Select the best answer for the question 7. A single-ruled line should be drawn on the column line above the amount for all of the following except which one? O A. Owner's Equity O B. Total Assets @ C. Total Liabilities and Owner's Equity OD. Total Liabilities D. Select the best answer for the question 10. Larissa's T-shirt Company has become an international sensation. Both Nike and Adidas are hoping to purchase the company from her for several million dollars. How do they know the company is now worth this amount? O A. Owner's equity has skyrocketed B. The company has paid of all its debt and has very high profitability numbers O C. Assets have skyrocketed D. Accounts receivable have skyrocketed and debt has gone to 20 11. Which bost describes the purpose of a balance sheet? A. It consists of the assets and liabilities sections OB. It's where transactions are recorded . C. It's a picture of a business in financial terms OD. It descobes the profits and losses in a business