Tools for the management, delivery, tracking, and assessment of various types of employee learning best describes a(n)

Which of the following statements describes why accrual accounting better reflects a business's performance as compared to the cash basis?

a. Revenues are always recorded in the period in which they are earned when services and products are delivered. b. Comparability of financial statements is improved. c. Expenses are always recognized in the period in which they are incurred.

Sharon Foods, Inc. reported the following transactions for September 2017

a) The business received $22,000 cash and issued common stock. It was credited to Common Stock b) The business purchased office equipment for $9,000 for which $2,500 cash was paid and the balance was put on a note payable. c) Paid insurance expense of $1,500 cash. d) Paid the September utility bill for $900 cash. e) Paid $1,500 cash for September rent. f) The business had sales of $11,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales. g) The business paid $8,000 cash for office furniture. What are the total liabilities at the end of September, 2017? A) $11,000 B) $1,500 C) $6,500 D) $9,000