O D) $240,000. uestion 18 Which of the following statements best defines financial statements? O A) Financial statements are the information systems that record monetary and nonmonetary business transactions O B) Financial statements are the verbal statements made to business news organizations by chief financial officers O C) Financial statements are documents that report on a business in monetary terms, providing information to help people 0 D) Financial statements are plans and forecasts for future time penods based on information from past financial periods. Question 19 Joshua Thomas is the owner of Nexus Inc., a manufacturer and retailer of computer hardware, Joshua recently Nexus as an asset t. Which of the following concepts or principles of accounting is Joshua violating? O A) monetary unit assumption