题目内容

Information about elections of members to a companys Board of Directors is most likely found in:

A l0-Q filing.
B. A proxy statement.
C. Footnotes to the financial statements.

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Which of the following most accurately lists a required reporting element that is used to measure a companys financial position and one that is used to measure a companys performance?
Position PerWhich of the following most accurately lists a required reporting element that is used to measure a companys financial position and one that is used to measure a companys performance?
Position Per

Assets Liabilities
B. Income Expenses
C. Liabilities Income

Accounts receivable and accounts payable are most likely classified as which financial statement elements?
Accounts receivable Accounts payableAccounts receivable and accounts payable are most likely classified as which financial statement elements?
Accounts receivable Accounts payable

Assets Liabilities
B. Revenues Liabilities
C. Revenues Expenses

Which is least likely one of the conclusions about the impact of a change in financial reporting standards that might appear in managements discussion and analysis?

A. Management has chosen not to implement the new standard.
B. Management is currently evaluating the impact of the new standard.
C. The new standard will not have a material impact on the companys financial statement

Standard-setting bodies are responsible for:

A. Establishing financial reporting standards only.
B. Establishing and enforcing standards for financial reporting.
C. Enforcing compliance with financial reporting standards only.

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