Question 11 (1 point) Saved The accounting standards that publicly traded companies in Canada must adhere to are O International Financial Reporting Standards. O Accounting Standards for Private Enterprise. O Canada Revenue Agency Standards. O all of the above Question 12 (1 point) Which of the following will not appear on the Statement of Income? O depreciation O interest O cost of goods sold dividends declared The benefits of reporting financial information must exceed the costs of doing so, according to which characteristic of financial information? O the concept of materiality O faithful representation O cost constraint O verifiability Question 14 (1 point) On Oct. 1, 2020, Othello, Inc. signed a 1-year $75,000 note payable from First National Bank. The loan plus 6% interest is to be paid on Sept. 30, 2021. Othello's year -end is December 31. In its 2020 financial statements Othello will record interest expense of O $375. O $1,125. $4,500. ne 0