please help Question 12 1 points Save The _______________ is the financial state
ID: 2708828 • Letter: P
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please help
Question 12
1 points
The _______________ is the financial statement describing a firm's yearly cash receipts and cash payments.
income statement
balance sheet
cash flow statement
budget
statement of retained earnings
Question 13
1 points
__________ requires that financial statements include not only numbers, but also management's interpretations and explanations of those figures.
Full disclosure
Revenue recognition
Compliance
Matching
Materiality
Question 14
1 points
Changing worldwide demographics is an example of a(n) __________ force as described in the CPA Vision Project.
technical
economic
political
social
regulatory
Question 15
1 points
Which of the following is NOT a potential user of accounting information?
managers
employees
unions
investors
all are potential users of accounting information
Question 16
1 points
__________ is the formal recording and reporting of revenues in financial statements.
Full disclosure
Revenue recognition
Compliance
Matching
Materiality
please help
Question 12
1 points
The _______________ is the financial statement describing a firm's yearly cash receipts and cash payments.
income statement
balance sheet
cash flow statement
budget
statement of retained earnings
Explanation / Answer
12. c. Cash Flow Statement
13. a. Full Disclosure.
14. d. Social.
15. c. Unions.
16. b. Revenue Recognition.
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