1- Which one of the following statements is correct?

Select one:

a. Corporate governance reduces the conflicts of interest between shareholders and bondholders.

b. All the answers

c. None of the answers

d. Corporate governance concerned with protecting creditors from management

e. Corporate governance concerned with running the business

2-The drilling activities for oil and gas are considered

Select one:

a. None of the answers

b. midstream activities

c. upstream activities

d. downstream activities

3- Which one of the following statements is correct?

Select one:

a. Relevance means information has a predictive and forward-looking value

b. Understandability means information is neutral, complete, and free from errors

c. Faithful representation means different users using the same information would have the same conclusion

d. Timeliness information is not available as required by users

4- Which one of the following statements in terms of partnership is incorrect?

Select one:

a. None of the answers

b. Salaries of partners are distributions of income.

c. Net income of partnership is not taxed as separate entity.

d. Dissolution of partnership occurs when a new partner is admitted.

Please answer all questions.