True or false?

16.Anowners investments general classification of transaction is Exchange (T or F)

17.Generally, a revenue happens the moment that a customer receives the goods or services that were asked for. (T or F)

18.Unearned revenue is an advance payment to a customer before goods or services are provided. (T or F)

19.Astatement of condition is a picture of the business at any point in time. (T or F)

20.Accountingis a system of activities that analyzes, processes, communicates and interprets financial data about a business or other entity. (T or F)