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5. One of the following is not treated as selling expenses. (2 Points) O Advertising expenses Sales revenues O Commissions for salesmen O Delivery expenses

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5. One of the following is not treated as "selling expenses". (2 Points) O Advertising expenses Sales revenues O Commissions for salesmen O Delivery expenses 6. One of the following is considered of usefulness of the income statement (2 Points) * O Providing a basis for predicting future performance All of the above are considered of usefulness of the income statement Evaluating the past performance of the company None of the above are considered of usefulness of the income statement Assessing the risk of achieving future cash flow 6. One of the following is considered of usefulness of the income statement: * (2 Points) Providing a basis for predicting future performance All of the above are considered of usefulness of the income statement O Evaluating the past performance of the company O None of the above are considered of usefulness of the income statement o Assessing the risk of achieving future cash flow * 7. The Second statement to prepare at the end of the accounting period is: (2 Points) Changes in Equity Statement Comprehensive Income Statement Cash Flow Statement None of the above The Income Statement

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