9. Which of the following is not the main information provided by financial staternents? A. Profitability B. Management Stewardship C. Cash flow D. Financial position 10. The principle/assumption that is violated when a company switches from FIFO Assumption to Average Cost Assumption in valuing inventory is: A. Monetary unit assumption. B. Conservatism principle. C. Consistency principle. D. Going concern assumption Answer Question 11-12 with the following information Presented below selected balances as at 31 December 2019 for a company which newly started in 2019, Debit Credit Accounts receivable $31,500 Prepaid rent $4,200 Inventory $10.500 Accounts payable $4,000 Accrued expenses payable $5,450 Sales $3,097,500 Cost of goods sold $1,627,500 Depreciation expenses $94,500 Other operating expense $273,000 11. Compute the amount of Cash receipts from customers during the current year. A. $3,097,500 B. $3,129,000 C. $3,066,000 D. $3,118,500 12. The company's net cash from operating activities for the current year is: A. $1,191,750 B. $1,192,800 C. $1,113,000 D. S1,160,250 -- End of Section A Page 5 of 9