7. Which statement is true: An extraordinary item must meet which of the following three criteria? a. Unusual and measurable, shown net of income tax. b. Infrequent and unusual, shown net of income tax. C. Foreseeable and material, shown net of income tax. d. Substantial and measurable, shown net of income tax. 8. Test Your Practical Skills: If you are told that LSJ Company accounts payable at December 31, 2023 represents 15% of the company's total liabilities on their balance sheet...this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis C. Ratio Analysis 9. Test Your Practical Skills: If you are told that LSJ Company's net income (12/31/2023) increased 55% when compared to net income (12/31/2022)...this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis c. Ratio Analysis 10. Test Your Practical Skills: If you are told that LSJ Company turns its accounts receivable over every 33 days...this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis C. Ratio Analysis 11. Test Your Practical Skills: If you are told that LSJ Company's net income (12/31/2023) was $1,000,000 and net income (12/31/2022) was $500,000 ... Applying your horizontal analysis tools and calculate the net increase in dollars and in a percentage year over year: 12. Test Your Practical Skills: If you are told that LSJ Company's plant property and equipment value at 12/31/2023 is $750,000 of the company's total assets of $1,000,000 ...Apply your vertical analysis skills and calculate what percentage the PPE represents of total assets