9. Which of the following is not the main information provided by financial statements? A. Profitability B. Management Stewardship C. Cash flow D. Financial position 10. The principle/assumption that is violated when a company switches from FIFO Assumption to Average Cost Assumption in valuing inventory is: A. Monetary unit assumption. B. Conservatism principle. C. Consistency principle. D. Going concern assumption. Answer Question 11-12 with the following information. Presented below selected balances as at 31 December 2019 for a company which newly started in 2019. Debit Credit Accounts receivable $31,500 Prepaid rent $4,200 Inventory $10,500 Accounts payable $4,000 Accrued expenses payable $5,450 Sales $3,097,500 Cost of goods sold $1,627,500 Depreciation expenses $94,500 Other operating expense $273,000 11. Compute the amount of Cash receipts from customers during the current year. A. $3,097,500. B. $3,129,000. C. $3,066,000. D. $3,118,500. 12. The company's net cash from operating activities for the current year is: A. $1,191,750 B. $1,192,800. C. $1,113,000. D. $1,160,250 MacBook Pro