Discontinued operations needs to be disclosed separately on the balance sheet True False Financial statement will not include information regarding reputation of the firm or potential exposure to regulation changes True False Which of the following items could cause the recognition of accrued liabilities A Sales, taxes, interest income B. Salaries, interest expense, interest income, Machines C Insurance, rent and salaries D.Sales, interest expense, rent Preferred stocks cames a fixed annual dividends and no voting rights True Recording depreciation on equipment affects the balance sheet only True False Balance sheet provide information about the cash inflows and outflows from operating, investing and financinh chia the accounting period True False Quality of the financial reporting is affected by management decision regarding timing of revenue and expense recognition True False