Multiple choice questions! Please help. Thank you:)

Gr The going concern assumption is not applied to: a. Companies that are about to file for bankruptcy b. Companies that have been in existence for less than a year c. Companies that have sustained losses for the previous two years d. The partnership form of business 15. Ira ia ts Accounts Receivable is best described as: 1. Liabilities of the company that represent the amount owed to suppliers. 2. Amounts that have previously been received from customers 3. Assets of the company representing the amount owed to them by customers 4. Amounts that have previously been paid to suppliers. 16. 17. A trial balance: a. is a list of accounts with their balances at a given time b. proves that proper account titles were used c. will not balance if a correct journal entry is posted twice d. proves that all transactions have been recorded. 18. GAAP stands for a. Grand Accounting & Able Procedures Generally Accepted Accounting Principles c. Good Accounting & Auditing Policies d. Governmental Accounting and Auditing Procedures 19. Putting together the revenue recognition principle and the "expense recognition principle" what is that principle/rule called? Which of the following is not possible when recording a transaction" a. Liabilities increase and assets decrease b. Stockholders' equity increases and assets increase c. One asset increases and another asset decreases d. Stockholders' equity decrease and assets decrease 20