D Question 11 2 pts Which one of the following groups of accounts contains only assets? O Contributed capital, retained earnings, revenues. O Cash, contributed capital, retained earnings. O Prepaid expenses, land, accounts receivable. Building, equipment, depreciation expense. 2 pts Question 12 Why are liabilities separated into current and long-term? O Users want to know which amounts will be paid using current assets. Because current and long-term classifications are just common sense. This format helps a company determine how much profit was made. The SEC requires companies to do so. 2 pts