Which of the following are primarily responsible for the information provided in a company's financial statements? A. The internal and external auditors. B. The Securities & Exchange Commission (SEC) and the external auditors. C. The chief executive officer (CEO) and the chief financial officer (CFO). D. The external auditors and the board of directors Which of the following is not included as a primary part of the financial disclosure in Form 10-K? A. Financial data for a 5-year period. B. Management's opinion of the financial statements. C. Business operations and strategy. D. Four basic financial statements. For accounting information to be useful, it must be which of the following? a. It must be consistent and comparable. b. It must be relevant and reliable. c. It must be comparable and reliable. d. It must be relevant and consistent. Which of the following correctly describes the effect of a sales discount? A. Gross profit increases. B. Net sales increases. C. Current assets remain the same. D. Net income decreases. Which of the following is an objective of the external audit of a company's financial statements? A. To provide a forecast of the company's future earnings