1. An Annual Report is issued by a company to its:
   1. Directors
   2. Authors
   3. Shareholders
   4. Management
2. The net profit is an item that affect on the
   1. owner's equity
   2. Fixed Assets
   3. the long term liabilities
   4. None of these
3. Balance Sheet is a :

A. Account

B. Statement

C. Both (a) and (b) (d) All the above