Which of the following is an expense of this period? O A. Costs of items used up this period but paid for next period. B. Costs of items paid for in this period but used up next period OC. Both A) and B) above are expenses of this period. D. Neither A) nor B) above are expenses of this period, Question 4 ABC corporation collects an account that was written off before. What is the impact of this transaction on ABCfinancial statements DA abilities will increase Labieties will decrease Labilities will not change D. None of the above If a company expenses costs that should be capitalized, how is its income statement for current period impacted? O A. Net Income will be lower than it should be OB Revenues will be lower than they should be OC Assets will be higher than they should be OD abilities will be higher than they should be O E A and D are correct XYZ. corporation as one of stock common stock. The company 300,000 shares 250,000 outstanding and 50.000 shares in the rock. The prepare 11.00The price for cheat she was issued a was $10.00 Retained a beginning of the period is 12.000.000 income for the period.000.000 burn the period XVzdectare dividends of 4.00 per share There are were used at $10 perre How much is to be culty SA 10.000.000 1.100.000 C52500.000 None of the above