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n8 What is meant by consistency when discussing financial accounting information? d out of question Select one: a. Information presented by a company that applies
n8 What is meant by consistency when discussing financial accounting information? d out of question Select one: a. Information presented by a company that applies the same accounting treatment similar events, from period to period. b. Information is timely. C. Information is verifiable d. Information that is classified, characterized, and presented clearly and concisely. Previous page -9 Accounts maintained within the ledger that appear on the statement of financial position include all of the following except out of question Select one: O a. Salaries and Wages Expense. b. Interest Payable. C. supplies d. Share Capital-Ordinary. 10 Out of During 2020 the XYZ Company had a net income of $200,000. In addition, selected accounts showed the following changes: Accounts Receivable 12,000 increase Accounts Payable 4,000 increase Buildings 16,000 decrease Depreciation Expense 6,000 increase Bonds Payable-long terms 32,000 increase What was the amount of cash inflows by operating activities? question Select one: a. 198,000 b. 206,000 C. 200,000 d. 238,000
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