How should a company report cash equivalents in the financial statements? Question 1 Not yet answered Marked out of 0.50 a. At present value b. At cost of acquisition minus accrued interest C. At cost of acquisition d. At fair value P Flag question o n2 The financial statements do not provide information about an entity's ed out of a. Equity O b. Liabilities O c. Assets O d. None of the options n ion 3 et ered If the financial statements provided by a company includes all information, depicted without any bias and are free from errors, which qualitative characteristics is assumed to be possessed by the financial statements? d out of 9 ion a. Understandability O b. Faithful representation c. Relevance O d. Comparability 4 Which form of bank reconciliations statement is prepared by most of the companies? -ut of a. Reconciles both the bank balance and the book balance to a correct cash balance b. Reconciles from the bank statement balance to the book balance C. None of the options d. Reconciles from the book statement balance to the bank balance