Answer the questions in the images below

Question 7 (0.25 points) The accounting equation is the link between a company's assets, liabilities and equity. O True OFalse Question 8 (0.25 points) Business transactions are exchanges of economic consideration between two parties. True O False Question 9 (0.25 points) The purchase of supplies for cash impacts both the investing and financing sides of the accounting equation. True FalseQuestion 4 (0.25 points) Career opportunities in accounting include auditing, forensic accounting, and tax planning. True False Question 5 (0.25 points) A company that is currently in the process of liquidating is considered to be a going concern. True False Question 6 (0.25 points) Transactions that impact only assets do not require the accounting equation to stay in balance. True FalseQuestion 1 (0.25 points) ystem that identifies, measures, records and Accounting is an information 5 represents an communicates relevant information that objectively and correctly organization's economic activities. Question 2 (0.25 points) Recordkeeping" is another term for "accounting". Question 3 (0.25 points) Ownership of a corporation is divided into units called shares. O True 0 False Question 10 (0.25 points) tems such as sales slips, invoices, cheques, purchase orders, and employee earnings records are also called source documents. True False Question 11 (0.25 points) Payment of accounts payable decreases both liabilities and assets. True False Question 12 (0.25 points) Business events do not affect the accounting equation. True False