Generally accepted accounting principles play an important role in financial reporting.

Exercise $1\mathrm{.}4($Static$)$ Part d

Required:

What types of accounting reports are prepared in conformity with generally accepted accounting principles?

Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.

Check All That Apply

Financial Statements

Presentation of income tax returns to the Internal Revenue Service

Reports to regulatory agencies

Internal projections of future sales

Operating budgets and reports