There will be around 10 questions - but I can only post one at a time so please only use the comment button until the end.

I will need the answer to each one before I can move on to the next ...

\fposition 2 hich of the following equations is incorrect? .3. A Gross Prot Operating Expenses = Net Income .5. Et Sales Cost of Goods Sold Operating Expenses = Net Income {3, 13. Net Income + Operating Expenses = Gross Prot '5 DGross Prot Liabilities = Net Income bastion 3 hich of the following is an appropriate representation of the accounting equation? .33 A Assets + Liabilities = Stockholders Equity {3 El. Assets = Liabilities + Stockholders' Eizluitjir .33. C. Assets = Liabilities .5} D. Assets = Liabilities + Net Income ubstion 4 e adjustment at the end of an accounting period that recognizes that xed assets such as equipment decrease in value (We! time is called 6 A prepaid expense (3 B. accrual @ C. depreciation 6 D. unearned revenue lil lactation 5 xed asset'a cost minus its related accumulated depreciatidn is called the asset's {a A Book Value If?! E. Market 'tl'alue .33 C. Resale Value .5 D. Depreciation 'lul'alue ubstion E hich of the following accounts would be classied as a 'current asset\"? E" A Land .53. El. Accounts Receivable (a 13. Equipment .5 D. Patents bastion T hich of the following accounts all have debit normal balances? 5-5;, A Accounts Payable, Accounts Receivable, & Rent Expense @ El. ash, Accounts Receivable, Rent Expense .33, Cash, Accounts Payable, Service Revenue .5) DAccounts Receivable, Land, Service Revenue ubstion a hen a corporation's cumulative net income year alter year minus cumulative dividends declared year alter year represents a corporation's .3 A Total Assets .5 B. Total Liabilities .5 Cost of Goods Sold .3 I]. Retained Earnings ultstion 9 hich of the following nancial statements describes a company's revenues 8. expenses along with the resulting net income or loss over 3 period of time? [a A Income Statement .53 B. Balance Sheet .3, C. Statement of Owner's Equity '5) D. Statement of Cash Flows uhstiun 1!} e accrual hasis ef accounting recognizes if) A revenues when cash is received and expenses when cash is paid [3. EF. revenues when earned and expenses when cash is paid if} C. revenues when cash is received and expenses when incurred (a. D. revenues when earned and expenses when incurred