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Hummingbird Company is a communications company, specializing in cable television operation, television program development, and other telecommunication services. Its financial statements show $37,666 in an account called "Deferred Subscriber Revenue," which represents amounts tha customers have paid in advance of recelving cable television and internet services. What type of account is this and on whot statement is it reported? Multiple Choice Option 2 Option 1. Opticn4 Ootien 3 Which of the following are the disadvantages of incorporating a business? Multiple Choice Owners must be involved in day to day running of the business. The business and owners are considered as separate iegal entities. Legal fees can be high and separate tax returns have to be filed for owners and the business Owners are legally responsible for the liabilities of the corporation. On January 1, 2019, Yukon Company had assets of $156,000 and shareholders' equity of $88,000. During the year assets increased by $35,000 and thareholders' equity decreased by $27,500. What were the liabilities on December 31,2019 ? Multiple Choice 5130,500 37.500 $251500 $68,000