Which answers are true?

Capital Lease is recorded in the accounting records similar to a Rent transaction

Bonds issued by a Corporation are recorded in the accounting records similar to a Note Payable

Bondholders are the Owners of a Company

An Operating Lease is recorded in the accounting records similar to the Purchase of Equipment

The Units of Activity Method will Compute Depreciation Expense based on Time not Use.

The Straight Line Method will Compute Depreciation Expense that is the same every Month

The Double Declining Balance Method will Compute Depreciation Expense that is greater in the Later Years of An Assets Life

The Straight Line Method will Compute Depreciation based on Use not Time

The Owners Equity Total will include Contributed Capital and Retained Earnings

The Net Income amount is shown on both the Incom Statement and the Owners Equity Statement

The Trial Balance is the last step before we prepare the Financial Statements

Accounting Transactions are First Recorded into the Journal

Accumulated Depreciation is an Income Statement Account

The Straight Line Method is the most advantageous method for Tax Depreciation

Amortization is the term used to describe the expense of Intangible Assets

Goodwill is equal to the Purchase Price of a Business Less Total Assets