E18 c) Effective and efficient operations. d) All of the above. The external auditor should report to a) The CEO. b) The CFO. c) The audit committee. d) All of the above. E19 The Statement of Financial Position of Fashion Apparel Boutique, Inc. as of December 31, 20X9 included total assets of $86,000,000 and total stockholders' equity of $46,000,000. At December 31, 20X9, total liabilities were a) $40,000,000 b) $46,000,000 c) $132,000,000 d) Cannot be determined from information provided. E1.10 Which of the following financial statements shows financial information as of a specific date and not for a period of time? a) The statement of financial position (balance sheet). b) The income statement c) The statement of cash flows. d) All of the above. EL.11 According to the FASBs conceptual framework for financial reporting, faithful representation