Question 1) The SEC adopted Regulation FD, to curb public companies practice of:

Group of answer choices

A) Routinely filing extensions for annual reports (Form 10-K)

B) Selectively disclosing information

D) Hiring auditors for non-audit services such as consulting engagements

E) None of the above

Question 2) Identify which of the following items would be reported in the income statement.

a.	Cash	d.	Wage expense	g.	Net income
b.	Sales	e.	Wages payable	h.	Inventory
c.	Long-term debt	f.	Retained earnings	i.	Cost of goods sold

Items reported in the income statement would include:

Group of answer choices

A) b, e, g, and h

B) a, b, d, and i

C) b, e, f, and g

D) d, f, g, and h

E) b, d, g, and i