The financial statements of a business entity: Multiple Choice Include the balance sheet, income statement, and income tax return. Provide information about the cash flow prospects of the company Are the first step in the accounting process Help Save & Saved ercises Brief Exercise 1.5 FASB Conceptual Framework (LO1-5) Choose the topics addressed in the FASB's conceptual framework. (You may select more than one answer. Sing box with the question mark to produce a check mark for a correct answer and double click the box with the q to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as ince Elements of financial statements. Desired characteristics of accounting information. Objectives of financial reporting. Valuation concepts relating to financial statement amounts. Judgment about future events. Assessment of management intent Criteria for deciding what information to include in financial statements