16. An annual report contains a great many statements and reports. Which one of the following statements/reports is not covered either by statute or by accounting standards? Ariedis way Bcash flow me C Autosport D Direction repet 17. Which of the following items will typically be found in a corporate annual report? A Company hadgets B Notes to Financial Statements Selected financial data for competir companies Management's declaration that the auditees are responsible for the financial 18. Assume that you want to determine the amount of gross profit for a company. Which of the following financial statements is the BEST source of this information? A Statement of Retained Earnings B Statement of Stockholderiquity Statement of Cash Flows Dincome Sulement 19. Which of the following is (are) the objective (objectives) of financial reporting? A. To provide information to comply with laws and other regulations B. To provide information to all users, including meeting the social needs of society C. To provide information to specific groups of users D. All of the above is the primary means of communicating important financial and non-financial accounting information to users in helping them to make economic decisions. Accountant Report Audit Committee Report Corporate Governance Report Annual Report 21. The financial statements are usually compiled in compliance with the 1. Malaysian Financial Recording Standards. B. Malaysian Fundamental Reporting Systems, c. Malaysian Financial Reporting Standards. D. Malaysian Fede Recording Standards A B D