Moving to another question will save this response. Question 9 In the conceptual framework for financial reporting, what provides "the how"-the implementation of accounting? OA OB. Elements of financial statements. Qualitative characteristics of accounting information. OC Objective of financial reporting. OD Recognition, measurement, and disclosure concepts such as assumptions, principles, and constraints, 125 Moving to an ave this response 12 Question Beta Companying its annual financial reports within one month of the end of the year is an example of which enhancing qulay of wivwarting informations? OA Understandability OB Timeliness Verifiability. OP Comparability 10 12 Moving to another question will save this response. Question 7 The preparation of financial reports on the enterprise for use by both internal and external parties is called: OA Managerial accounting. OB. Financial accounting. OC Auditing. OD. Tax accounting. Question 6 Which of the following statements is True about the capital allocation process? OA. Promotes productivity. OB Encourages innovation. Determining how and at what cost money is allocated among competing interests. OD. Provides timely, relevant information and encourages innovation. Which of the following statements is a usefulness of the income statement? OA Evaluate the past performance of the enterprise. Income measurement involves judgment. Items that cannot be measured reliably are not reported. OB OD Income numbers are affected by the accounting methods employed. Question 2 Which of the following statements is a usefulness of the income statement? OA Evaluate the past performance of the enterprise. OB Income measurement involves judgment. Items that cannot be measured reliably are not reported. OD Income numbers are affected by the accounting methods employed