9. Decide whether each of the following statements regarding accounting concepts

Question

9. Decide whether each of the following statements regarding accounting concepts are true or false. Liabilities are listed on the balance sheet in order of their liquidity, meaning how easily they can be converted to cash. Dividends appear on both the income statement and the statement of retained earnings. E D Paying off long term debt with cash would cause a company's current ratio to decrease. A gain from the sale of a building would be included in Income from Operations on an income stat True, true, true, false B. True, false, true, true C. False, false, true, false D. False, true, true, false E. False, false, false, true 10. A company was organized on January 1, 2016, with an investment of $40,000 by each of its three stockholder The company's net income and dividends for the first three year ofo erd RE 90.00O Net Income Dividends

Explanation / Answer

The answer is " C. False, false, true, false "

False - liabilities are listed......

False - Dividends appear on......

True - Paying off long.....

False - A gain from.....

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