01/0 8. A financial institution that provides protection to insured costumers. a. non-life insurance c. insurance companies b. life insurance d. mutual funds 9. Provides opportunities for big and small investors to invest although they don't have the time and expertise to do it. b. stock exchange c. insurance companies a. brokerage firms d. mutual funds 10. It serve as conduits of investors in buying and selling both government securities and corporate bonds. c. Brokerage a. Banks firms d. Other b. Insurance companies Financial Institutions 11. What additional information in the notes to financial statement that provide the company's property, plant and equipment account? a. brief description of the company b. summary of significant accounting period c. breakdown of amounts found in the financial statement d. all of the above 12. What financial statement provides an explanation regarding the change in cash balance from one accounting period to another? c. Statement of Cash a. Statement of Financial Position flows d. Statement of Changes in b. Statement of Profit or Loss Stockholders Equity 13. Who is the highest policy-making body in a corporation? b. Stockholders c. Board of Directors d. a. President all of the above