. TF.04-003 Once the adjusted trial balance is in balance, the flow of accounts will now go into the financial statements. True False 2. TF.04-005 On the income statement, miscellaneous expenses are usually presented as the last item without regard to the dollar amount. True False 3. TF.04-008 Cash and other assets that may reasonably be expected to be realized in cash, sold, or consumed through the normal operations of a business, usually longer than one year, are called current assets. True False 4. TF.04-010 Land is an example of a plant asset. True False 5. TF.04-011 Liabilities that will be due within one year or less and that are to be paid out of current assets are called current liabilities. True False 6. TF.04-015 Capital and drawing are reported in the owner's equity section of the balance sheet. True False 7. TF.04-017 Unearned revenues that will be earned in a relatively short period of time are listed on the balance sheet as current assets. True False 8. TF.04-021 Accumulated Depreciation is a permanent account. True False 9. TF04-023 The balance sheet accounts are referred to as real or permanent accounts