QUESTION 17 Which of the following is used to report data needed to meet legal and regulatory requirements? A. Assets OB. Equity Tangible document OD. Financial statement O E. None of the above QUESTION 18 Which of the following best describes the operative chart of accounts? A Contains the operational accounts that are used to record the financial impact of an organization's day-to- day transactions . Used to enable companies to meet special country-specific reporting requirements OC. contains accounts that are used by multiple companies to consolidate their financial reporting OD. Contains only accounts payable transactions E. Contains only accounts receivable transaction QUESTION 19 Which of the following is not a mode of acquiring an asset for a company? O Acquiring internally via the production process OB. Acquire from a vendor using the purchasing process OC Acquire from a vendor without using the purchasing process OD. Selling equipment OE. Acquiring without a vendor QUESTION 20 All of the following are transaction types that occur during the life of an asset except OA Acquisition OB Depreciation O Allocation OD. Retirement Save