Question: Please help with this accounting. I will give a thumbs up and a like to whoever does it first. I need it in 30 minutes
5. 12 Points) The principle that all of the expenses incurred to earn revenue should be reported in the same periad the reverue is recognized is the: A) Revenue principle 8) Liabity principle. C) Timing principle. D) Matching principle. E) Historical cost principle. 6. (2 Points) Failure to recognize salarles eamed and not yet paid in the current period will cause which of the following to occur on the current period financial statements? A) Understatement of expense and liabilitics and an overstatement of stockholders' equity. B) Overstatement of expenses, liabilities and cash. C) Understatement of expenses, liabilities and stockholders' equity. D) Understatement of assets, stockholders' equity and cash. Cash Flows 7. (S Points) During 2017 the DLD Company had a net income of $85,000. In addition, selected amounts showed the following changes: What was the amount of cash provided by operating activities? A) $84,500 B) $85,000. C) $86,500. D) $94,500. 8. (5 Points) Lohmeyer Corporation reperts: What is tohmeyer's eriding cash balance? A) $410,000 8) $440,000 C) $570,000 D) $660,000
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