Multiple Choices (10 points) 1) represent amounts owed by customers for goods and services they have already received The customer, therefore, has the benefit of the goods and services before it pays cash a Accounts Payable b. Accounts Receivable Notes Receivable d. Notes Payable e. Uncollected Sale 2) A less item is expected to result in a cash receipt or a cash payment within approximately one year of a illiquid b. long-term current d noncurrent e liquid OVA ova email 778 23 23 3) Net income that is not paid to shareholders as dividends increases a cash receipts b. retained earnings c. cash disbursements d long-term liabilities e. current liabilities mal 79823 B2B TOO + 0 4) connects two successive balance sheets because it explains the change in cash from operating, financing, and investing activities. a statement of cash receipts and disbursements b.income statement C. funds flow statement d. statement of cash flows e statement of retained earnings 5) The5) matches revenues with the costs associated with earning those revenues and is not sensitive to the timing of expenditures a. tax basis of accounting b. modified accrual basis of accounting c. cash basis of accounting d. accrual basis of accounting e. prosent value basis of accounting