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please answers only without explnation thank you Question 1 Which of the followings is true? Not yet answered a Marked out of 20.00 One should
please answers only without explnation thank you
Question 1 Which of the followings is true? Not yet answered a Marked out of 20.00 One should see the income statement to evaluate the company's financial position. Flag question O b. None Oc. A balance sheet shows the company's operating performance. Od Net income shows the overall performance of the company Oe. The trend in Cost of Goods Sold can never follow the trend in Sales Revenue over the years Question 2 Not yet answered The primary users of the financial statements are Investors because they take more risk than any other user analyzing the company. Marked out of 20.00 Flag question Select one: O True O False Question 3 Not yet answered A change in the depreciation method from last year to this year can lead to a comparability issue only for the income statements Marked out of 20.00 Flag question Select one: O True O False Question 4 We treat Suppliers as non-trade creditors of the company Not yet answered Select one: Marked out of 20.00 O True Flag question False Question 5 Which of the followings is always true? Not yet answered Marked out of 20.00 O a Accounts receivables cannot be non-current a asset. Flag question O b. Long-term assets need to be tangible. O c. None O d. Accounts payables are trade payables to those who provide goods and services to the company Oe. The longer useful lives lead to more depreciation expense in the early years of the asset Step by Step Solution
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