1. Which of the following is not a purpose of the income statement?

a.used to compare performance against other companies

b.assesses the company's risk

c.used to evaluate management's performance

d.predicts the company's future assets and liabilities

2. Which of the following would be included in cash and cash equivalents on the balance sheet?

a.Certificates of deposit

b.Undeposited credit card sales receipts

c.Travel advance funds

d.Postdated checks