Which of the following events would be recorded as an accounting event? Select one: O a. A guest enters the dining room and is seated by a host. O b. A guest complains to front office representatives about a dirty guestroom. A guest complains to front office representatives about a dirty guestroom O C. A valet parks a guest's vehicle. O d. A guest purchases a meal in a food outlet.The major disadvantage of the corporate form of business organization is: Select one: O a. double taxation b. limited liability O c. difficulty in raising capital O d. all of the aboveA fire occurred in your hotel during the previous year. The estimated loss due to a pending lawsuit is recoded because of the principle Select one: O a. Cost b. Going concern O c. Matching O d. ConservatismAlthough the last biweekly pay period ended December 26, your employees have worked through the end of December. The unpaid salaries and wages are accrued as of December 31 because of the principle. Select one: O a. Cost b. Going concern O c. Matching O d. ConservatismWhich of the following financial statements would show how quickly a hospitality operation could convert assets into cash? Select one: O a. Income statement O b. Balance sheet O c. Statement of cash flows O d. Aging of accounts payable reportThe following are account names in the ledger of MCU Resort. Please indicate whether each account should be classified as an asset, liability, or owner's equity. Marketable Securities Choose... Common stock Choose... Inventory Choose... Notes Payable Choose... Retained Earnings Choose... V Allowance for doubtful accounts Choose