Select all the answers that are TRUE.

O a. The income statement helps users evaluate a business's operations over a period of time by showing revenues, expenses and net income.

O b. The balance sheet helps users evaluate a business's financial position over a period of time by showing the business's assets, liabilities and owner's equity.

D c. The cash flow statement helps users evaluate a business's liquidity by showing its cash receipts and payments from operating, investing and financing activities for a specific time period.

O d. Management accounting focuses on external users (investors/shareholders and creditors) and helps them with their planning, operating and evaluating activities.

De. Financial accounting focuses on users external to the business (investors/shareholders and creditors) and helps them decide whether or not to engage in some activity with the business.

Of, Both management accounting and financial accounting use accounting information to generate reports about the resources and activities of a business.

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