Two companies have identical assets and operating activities. Which of the following statements is true? company with more debt will have lower net income due to the interest expense. The company with more debt will have higher operating income due to leverage. which of the following accounts does NOT belong on the asset side of a balance sheet? accounts receivable marketable securities cash common stock In the United States, financial statements are prepared following the Financial Accounting Standards Board's generally accepted accounting principles(GAAP) True False