QUESTION 2 Interested parties receive information about a company's past performance from: a. CEO's b. the SEC c financial reporting d. financial news QUESTION 3 The following are users of accounting information a. stakeholders b. creditors c investors d. all of the above QUESTION 9 An operating cycle a. is twelve months or less in length. b. is the average time required for a company to collect its receivables. is used to determine current assets when the operating cycle is longer than one year. d. begins with inventory and ends with cash. QUESTION 10 In an accrual accounting system a. all accounts have normal debit balances b. a debit entry is recorded on the left-hand side of an account. c. liabilities, owner's capital, and dividends all have normal credit balances. d. revenues are recorded only when cash is received