Question: I need a correct answer to 8 and 12 please with explanation please please The process of A) B) writing an economic event in the

I need a correct answer to 8 and 12 please with explanation please please  I need a correct answer to 8 and 12 please with

The process of A) B) writing an economic event in the financial statements is known as_ 9) Shadow's Cleaning ng Service provides weekly cleaning services for $41 per week. In January, they collected provides payments from 60 customers for 3 months (12 weeks) of service each. For the month of January, they will the accrual basis. recognize A) $2460 s20of revenue under the cash basis, andundehr 4 1 B) $3,180; $0 C)$9,840 $29,520 D)$29,520; $9,840 10) If a company is facing a bankruptcy from which it is quite doubtful that the firm may ever recover, which underlying assumption would not be valid? A) periodicity assumption B) economic entity concept C)monetary unit assumption D) going concern concept 11) Which underlying assumption presumes that the owner's personal residence should not be included as an asset on the company balance sheet? A) monetary unit assumption B) periodicity assumption C) economic entity concept D) common sense assumption 12) Which attribute of a fundamental characteristic makes explicit the assumption of the full disclosure principle? A) relevance B) materiality verifiability D) completeness 13) The process by which an accountant reaches a decision in situations with multiple alternatives is refer as A) earnings management B) GAAP C) judgment D) financial reporting occurs when managers manipulate financial information and misrepresent the firm's fin tion and performance A) Earnings management B) GAAP C) Judgment

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