The chart of accounts is designed to Oa. organize accounts in order of dollar amount to simplify the accounting information for users Ob. meet the information needs of a company's managers and other users of its financial statements Oc. summarize the transactions and determine ending account balances Od. alphabetize the accounts to make reading easier for financial statement users Which group of accounts is composed of only assets? Oa. Accounts Receivable, Revenue, Cash Ob. Prepaid Expenses, Buildings, Patents Oc. Unearned Revenues, Prepaid Expenses, Cash Od. Cash, Accounts Payable, Buildings Of the following, which is true about assets? Oa. Assets include both physical and intangible items. Ob. Assets include only physical items. Oc. Assets are the personal property of the stockholders of the company. Od. Assets are not increased as a result of selling products or services to customers. Which of the following statements is not true about liabilities? Oa. Account titles of liabilities often include the term "payable." Ob. Liabilities are debts owed to outsiders. Oc. Cash received before a service is performed creates a liability. Od. Liabilities include accumulated depreciation