The following amounts are reported in the ledger of Christine Company: Assets $ 80,000 Liabilities 36,000 Retained Earnings 12,000 What is the balance in the Common Stock account? Multiple Choice 0 $44.000 $32,000 $48,000 $42.000 Per GAAP expenses are recorded when they are Multiple Choice Realized Recognized incurred Paid Consider the following account balances of the Fernando Law Firm at the end of the year: Accounts Payable $ 4,400 Salaries Expense 12,800 Cash 1,700 Common Stock 2.400 Service Revenue 8,300 Supplies 4,300 Retained Earnings 1,100 Utilities Expense 5,000 How many of these accounts would appear in Fernando's year-end income statement? Multiple Choice Five. Four Three o oo