O b. $36.000 O c. $26.000 O d. Cannot be determined without knowing the revenues and expenses for 2020. An assumption inherent in the preparation of financial statements under the accrual basis of accounting holds that a business organization must associate its expenses for a period with the revenues it generates during the same period. What is the concept called? Select one: O a. Verifiability O b. Accounting entity O c. Continuity O d. Matching O d. Matching No The qualitative characteristic comparability means that the usefulness of accounting information is enhanced it Select one: O a. the same accounting procedures should not be applied from year to year. O b. accounting data are supported by documents when possible. c. accounting data are based on objective data and transactions. O d. similar accounting methods are applied across businesses and over time. 6 5 Next Page 4 1 3 N Prev Page f 13 Which of the following would not affect a company's net earnings? ho Select one: O a. A change in the company's income tax rate. O b. A change in the selling price of a company's product. O c. Paying a dividend to shareholders. O d. Advertising a new product. ure 0