Question 17 A parent company must own how much of the subsidiary's common stock? Not yet answered Marked out of 1.00 P Flag question Select one: a. 0.15 b.0.25 OC. 0.75 O d. 0.5 Question 18 Since accounts receivable are usually collected within two month they are classified as: Not yet answered Marked out of 1.00 Select one: a. a fixed asset P Flag question O b. a cash asset c. a current asset d. a recurring asset Question 19 What is the purpose of cross-indexing? Not yet answered Marked out of 1.00 Select one: O a. To make it easy to find an entry later Flag question b. To provide extra information about an entry c. To make it possible to trace the origin of an entry d . To keep the journal entries organized O Question 20 When a business records economic activity in the period it happens, this can be more readily identified as: Not yet answered Marked out of 1.00 Select one: a. revenue recognition principle P Flag question O b. accrual basis accounting C. cost principle O d. cash basis accounting