To provide information that is useful for decision-making.

To ensure that financial statements are accurate and reliable.

To comply with regulatory requirements.

To maximize the profits of the company.

Balance sheet, income statement, statement of cash flows, and statement of changes in equity.

Balance sheet, income statement, statement of retained earnings, and statement of cash flows.

Balance sheet, income statement, statement of comprehensive income, and statement of cash flows.

Balance sheet, income statement, statement of changes in financial position, and statement of cash flows.

To show the financial position of a company at a specific point in time.

To show the results of operations for a period of time.

To show the changes in financial position over a period of time.

To show the owners' equity in a company.

To show the results of operations for a period of time.

To show the financial position of a company at a specific point in time.

To show the changes in financial position over a period of time.

To show the owners' equity in a company.

To show the changes in financial position over a period of time.

To show the financial position of a company at a specific point in time.

To show the results of operations for a period of time.

To show the owners' equity in a company.

To show the owners' equity in a company.

To show the financial position of a company at a specific point in time.

To show the results of operations for a period of time.

To show the changes in financial position over a period of time.

Liquidity ratios, profitability ratios, and solvency ratios.

Liquidity ratios, profitability ratios, and market value ratios.

Liquidity ratios, profitability ratios, and debt-to-equity ratios.

Liquidity ratios, profitability ratios, and return on investment ratios.

To assess a company's ability to meet its short-term obligations.

To assess a company's ability to generate profits.

To assess a company's ability to pay its debts.

To assess a company's market value.

To assess a company's ability to generate profits.

To assess a company's ability to meet its short-term obligations.

To assess a company's ability to pay its debts.

To assess a company's market value.

To assess a company's ability to pay its debts.

To assess a company's ability to meet its short-term obligations.

To assess a company's ability to generate profits.

To assess a company's market value.

Generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).

Generally accepted accounting principles (GAAP) and Sarbanes-Oxley Act (SOX).

Generally accepted accounting principles (GAAP) and Financial Accounting Standards Board (FASB).

Generally accepted accounting principles (GAAP) and Securities and Exchange Commission (SEC).

To ensure that financial statements are accurate and reliable.

To provide a framework for the preparation of financial statements.

To protect investors and creditors from fraud and misrepresentation.

All of the above.

To create a single set of accounting standards that can be used by companies around the world.

To improve the comparability of financial statements between different countries.

To make it easier for investors and creditors to understand financial statements.

All of the above.

A law that was passed in the United States in 2002 in response to a number of corporate scandals.

A law that requires publicly traded companies to disclose more information about their financial condition.

A law that created the Public Company Accounting Oversight Board (PCAOB).

All of the above.

To oversee the audits of public companies.

To set auditing standards for public companies.

To investigate accounting fraud.

All of the above.