help to solve the following question .

question 1 part a & b .

a. b. d. 1. General-purpose financial statements are the product of financial accounting. managerial accounting. both financial and managerial accounting. neither financial nor managerial accounting. 2. Users of financial reports include all of the following except creditors. government agencies. unions. All of these are users. a. b. c. d. 3. a. c. The purpose of the International Accounting Standards Board is to issue enforceable standards which regulate the financial accounting and reporting of multinational corporations. b. develop a uniform currency in which the financial transactions of companies through-out the world would be measured. promote uniform accounting standards among countries of the world. d. arbitrate accounting disputes between auditors and international companies. 4.Decision makers vary widely in the types of decisions they make, the methods of decision making they employ, the information they already possess or can obtain from other sources, and their ability to process information. Consequently, for information to be useful there must be a linkage between these users and the decisions they make. This link is relevance. b. reliability. understandability. d. materiality. 5.The overriding criterion by which accounting information can be judged is that of usefulness for decision making. freedom from bias. timeliness. d. comparability, a. C. a. b. c. a. 6.The two primary qualities that make accounting information useful for decision making are comparability and consistency. b. materiality and timeliness. relevance and reliability. d. reliability and comparability. c. 7. Accounting principles are "generally accepted" only when a. an authoritative accounting rule-making body has established it in an official Pronouncement. b. it has been accepted as appropriate because of its universal application. c. both a and b. d. neither a nor b. a. 8. Companies that are listed on a stock exchange are required to submit their financial statements to the AICPA . b. APB FASB d. SEC. a. 9. The most significant current source of generally accepted accounting principles is the AICPA. b. SEC APB d. FASB c. a. 10. Financial statements in the early 2000s provide information related to non-financial measurements. b. forward-looking data. hard assets inventory and plant assets). d. none of these c. The adjusted trial balance of Ryan Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. an income statement. 2. a retained eamings statement. 3. a statement of financial position. RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2019 Debit Credit Cash 5,200 Accounts Receivable.. 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation-Equipment.. 4,000 Accounts Payable 3,800 Unearned Revenue 5,000 Share Capital-Ordinary 10,000 Retained Earnings. 4,400 Dividends 2,500 Service Revenue 4,500 Supplies Expense. 600 Depreciation Expense 2,500 Rent Expense...... 1.900 31.700 31.700