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QU ESTiON 15 Not yet answered Marked out of 1.00 V Flag question QUESTiON 16 Not yet answered Marked out of 1.00 V Flag question QUESTiON 17 Not yet answered Marked out of 1.00 V Flag question QU ESTiON 18 Not yet answered Marked out of 1.00 V Flag question There are four enhancing qualitative characteristics of financial information. What are those four characteristics? Select one: C) a. Comparability, understandability, completeness, and neutrality O b. Comparability, timeliness, verifiability and understandability C) c. Going concern, accruals, completeness and verifiability 0 d. Comparability, understandability, materiality and neutrality. According to the M5310? Statement of Cash Flows, which of the following is the correct presentation of the cash flow statement? Select one: Q a. Net cash flows from operating, investing and financing activities + the beginning cash balance = the ending cash balance. 0 b. Beginning cash balance + net cash form operating, investing and financing activities = the ending cash balance. 0 c. Net cash flows from financing, investing and operating activities + the beginning cash balance = the ending cash balance. 0 d. Beginning cash balance + ending cash balance = net cash form operating, investing and financing activities. Which of the following is classified as a liability? Select one: Q a. Wages expenses 0 b. Retained profit 0 c. Accrued wages expenses 0 d. Owners drawings The balance sheet shows the position of the entity Select one: 0 a. for a specified period of time. 0 b. at a point in time. 0 c. when it buys any assets 0 d. when it makes profits