17. An income statement communicates information regarding revenues and expenses: 1 For a period of time. 2 At a given point in time. 3 For some point of time in the future. 4 At the beginning of the fiscal year 18. In a statement of cash flows, cash transactions are classified into three major categories. Which of the following is not one of these three categories? 1 Collecting activities. 2 Operating activities. 3 Financing activities. 4 Investing activities. 19. The measurement which best reflects investors' expectations about future earnings is: 1 Earnings per share. 2 Return on assets. 3 The price/earnings ratio. 4 Return on equity. 20. A journal entry to recognize expense could include each of the following, except: 1 A debit to an expense account. 2 A credit to Accounts Payable. 3 A debit to a liability account. 4 A credit to Cash.