33. A statement of cash flows explains the differences between the beginning and ending balances of: C) Cash and cash equivalents. D) Working capital. A) Net income. B) Equity. 34. External users of financial information: A) Are those individuals involved in managing and operating the company. B) Include internal auditors and consultants. C) Are not directly involved in operating the company. D) Make strategic decisions for a company. 35. Internal users of financial information: A) Are not directly involved in operating a company. B) Are those individuals involved in managing and operating the company. C) Include shareholders and lenders. D) Include directors and customers. 36. Financial reporting refers to: A) The application of analytical tools to general-purpose financial statements. B) The communication of financial information useful for decision making. C) General-purpose financial statements only. D) Ratio analysis only