1.Which of the following contains the fewest number of estimates

a.cash budget

b.income statement budget

c.sales budget

d.purchases budget

e.balance sheet budget

2.Which of the following statements regarding an annual report is true?

a.Annual reports are optional for publicly traded companies

b.The managment discussion and analysis section is all based on facts not opinions

c.The notes contain the methods used in preparing the financial statements

d.The audtior's report is prepared by the company