subject: act 450

answers this questions please

Question 2 Not yet answered Marked out of 20.00 Flag question A change in the depreciation method from last year to this year can lead to a comparability issue only for the income statements. Select one: True False Question 5 Not yet answered Marked out of 20.00 P Flag question Which of the followings is always true? a. The longer useful lives lead to more depreciation expense in the early years of the asset. b. Accounts receivables cannot be non- current a asset. Accounts payables are trade payables to those who provide goods and services to the company O d. None e. Long-term assets need to be tangible. Clear my choice Question 3 Not yet answered Marked out of 20.00 P Flag question Which of the followings is true? a. None b. One should see the income statement to evaluate the company's financial position. OC. A balance sheet shows the company's operating performance. O d. Net income shows the overall performance of the company. e. The trend in Cost of Goods Sold can never follow the trend in Sales Revenue over the years. Clear my choice Question 4 Not yet answered Marked out of 20.00 P Flag question We treat Suppliers as non-trade creditors of the company. Select one: True False