x 1. What is meant by consistency when discussing financial accounting information? Select one: a. Information that is classified, characterized, and presented clear and concisely. b. Information is verifiable c. Information presented by a company that applies the same accounting treatment to similar events, from period to period. d. Information is timely. 2. Debit always means increase I Select one False 3. cash sales affects which basic element of financial statements? Select one a. liabilities c. Revenues d. Losses