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1.)Who is responsible for the fair presentation of the financial statements and the integrity of the...

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Accounting

1.)Who is responsible for the fair presentation of the financialstatements and the integrity of the system of internalcontrols?

                 A. The independent registered accounting firm

                 B. The CEO and CFO

                 C. Management of the company

                 D. The Board of Directors

2.)Which of the following is NOT included in the cash flowprofile?

                 A. Cash received from customers

                 B. Cash paid for inventory purchases

                 C. Free cash flows

                 D. cash used to pay dividends

3.) Which of the following is a “squeeze” in the cash flowprofile

                 A. other cash flows

                 B. cash margin

                 C. other operating cash flows

                 D. other investing cash flows

4.) Which of the following is generally prepared using theindirect method:

                 A. financing activities section of the statement of cash flows

                 B. the investing section of the statement of cash flows

                 C. the operating section of the statement of cash flows

                 D. the non-operating section of the statement of comprehensiveincome

Answer & Explanation Solved by verified expert
3.6 Ratings (330 Votes)
1 Option C is correct Management is responsible for fair presentation of the financial statements and the integrity of the system of internal controls Financial statements are Managements responsibility Independent registered accounting firm or auditors responsibility is to    See Answer
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