1. In 2020 Kinetic Corp. started displaying its quarterly financial statements on its web page. This reduces by 2 days the time its investors and creditors gain access to Kinetic Corp.'s financial reports. This improvement relates to which qualitative concept:

a. Faithful representation

b. Comparability

c. Consistency

d. Timeliness

2.

a. 981

b.1,185

c. 1,898

d. 1,202

The following information (in $ millions) comes from a recent annual report of Kinetic Co Net sales Total assets End of year balance in cash Total stockholders' equity Gross profit (Sales - Cost of Sales) Net increase in cash for the year Operating expenses Net operating cash flow Other income (expense), net $10,841 4,366 1,202 474 2,567 17 2,066 695 (26) What is the balance of Kinetic Corp.'s cash account at the beginning of the fiscal year