An objective of the statement of cash flows is to
| disclose changes during the period in all asset and all equity accounts. |
| disclose the change in working capital during the period. |
| provide information about the operating, investing, and financing activities of an entity during a period. |
| None of these answers are correct. |
Which of the following should be disclosed in a Summary of Significant Accounting Policies?
| Types of executory contracts |
| Amount for cumulative effect of change in accounting principle |
| Depreciation method followed |
All of the following information about each operating segment must be reported except
| depreciation and amortization expense. |
If the financial statements examined by an auditor lead the auditor to issue an opinion that contains an exception that is not of sufficient magnitude to invalidate the statement as a whole, the opinion is said to be
A financial forecast presents to the best of the responsible party's knowledge and belief,
| an assessment of the company's ability to be successful in the future. |
| an entity's expected financial position, results of operations, and cash flows. |
| given one or more hypothetical assumptions, an entity's expected financial position, results of operations, and cash flows. |
| a subjective assessment of the company's ability to be successful in the future under a number of different assumptions. |