Which of the following would be recorded as land improvements? Multiple Choice Adding a parking lot. Title insurance. Real estate commissions. Property taxes. When a company collects sales tax from a customer, the Multiple Choice A debit to Sales Tax Expense and 0 A debit to Cash and a 0 O A debit to Sales Tax Payable 0 0 A debit to Sales Tax Payable and Sales taxes collected by a company on behalf of the state and local governments are recorded by: Multiple Choice A credit to a revenue account A debit to a revenue account A debit to an expense account A credit to a liability account Which of the following measures of liquidity does not control for the relative size of the company? Multiple Choice Working capital ) Current ratio C) They all control for the relative size of the company Acid test ratio. At times, businesses require advance payments from customers that will be applied to the purchase price when goods are delivered or services provided. These customer advances represent Multiple Choice O A component of stockholders' equity o tong ma t the product or service is provided o o l abilities until the product or service is provided o o O Revance upon receipt of the advance payment Assets acquired in a lump-sum purchase are valued based on: Multiple Choice The present value of their future cash flows. Their cost plus the difference between their cost and fair values Their relative fair values. Their assessed valuation