2. 1. The following are considered Financial Statements as per the Generally Accepted Accounting Principles (GAAP), except: a.) Profit & Loss Statement b.) Cash Flow Statement c.) Statement of Accounts d.) Balance Sheet The following are some data regarding the inventory of Simba Company: Beginning Inventory Ending Inventory Purchases Purchases Returns & Allowances BD 1500 3000 4000 250 Required: - Compute for Cost of Sales a.) 250 b.) 2,250 c.) 2,750 d.) 3,000 3. Below are the methods of conducting a Bank Reconciliation, except; a.) Bank to Book Method b.) Two-dated Method c.) Double-entry Method d.) Book to Bank Method 4. The two (2) main activities of Internal Auditing are; a.) Assurance and Consulting b.) Assurance & Fraud Investigation c.) Implementing Policies & Procedures and Assurance d.) Consulting & Fraud Investigation