7. The normal reporting practice in the balance sheet for an asset such as delivery equipment is to a. Subtract the accumulated depreciation from the cost of asset b. Add the accumulated depreciation to the cost of the asset c. Report only the cost of the asset d. None of the above 8. The sources of asset presented on a balance sheet are a. Capital only b. Liabilities only c. Liabilities and capital d. None of the above 9. Preparation of financial statements will be made easier with the aid of a. Trial balance b. Worksheet c. Ledger d. None of the above 10. The balance sheet can be presented in a. Account form b. Report form c. Either a or b d. None of the above