select the currect answer

f. Which of the following statements is true?

1) The accrual basis of accounting matches revenue earned with expenses paid.

2) The cash basis of accounting matches revenues received with expenses incurred.

3) The accrual basis of accounting matches revenues received with expenses paid.

4) The cash basis of accounting matches revenues received with expenses paid.

g. The periodic inventory system:

1) Involves a debit to Inventory when goods are acquired for resale.

2) Provides a detailed record of inventory during the year.

3) Requires a complete physical count of inventory at the end of each year.

4) All of the above.

h. Net accounts receivable is calculated as:

1) Sales less sales discounts.

2) Accounts receivable plus the allowance for doubtful accounts.

3) Accounts receivable less the allowance for doubtful accounts.

4) Accounts receivable less bad debt expense.

j. Which of the following is not an advantage of the corporate form of business organization?

1) unlimited liability

2) Separate legal entity

3) continuous existence

4) No mutual agency