Stannous Company earns $2,000 of revenue on account in Year 1. Cash collections of receivables amount to $1,800 in Year 1 with the remainder being collected in Year 2. Which of the following shows how these events will affect the company’s financial statements at the time revenue is recognized in Year 1? Balance sheetIncome StatementStatement of Cash FlowsAssets=Liabilities+EquityRev.- Exp.=Net Inc. A.+=NA+++-NA=++ OAB. NA=-NA=++ OAC.+=NA+++-NA=+NAD.−=NA+−−-NA=−+ OAa. Option Ab. Option Bc. Option Cd. Option D

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.