Which of the following accounts would be classified as current assets on the balance sheet? a) Marketable securities, accounts payable, property, plant and equipment. b) Prepaid expenses, goodwill, long-term investments. c) Property, plant and equipment, inventory, goodwill. d) Accounts receivable, inventory, cash equivalents. Which of the following statements is false with regard to quality of financial reporting? a) The closer that the picture presented through the financial data is to reality. the higher the quality of financial reporting. b) Financial information should be useful both to assess the past and predict the future. c) It is unlikely that management can manipulate the bottom line due to the regulations in place to enforce GAAP. Financial statements should reflect an accurate picture of a company's financial condition and performance. d) intal A depreciation method where higher depreciation is charged when there is higher activity and less is charged when there is low level of operation a) Straight-line method b) Accelerated methods c) Units-of-production method d) Modified accelerated cost recovery system (MACRS)