What are the financial statement elements used to prepare the statement of financial position? O A. Equity, assets and liabilities B. Capital and liabilities C. Equity, income and expenses D. None of the options provided Identify the financial statement that reports on financial performance. A. Statement of changes in equity B. Statement of financial position C. Statement of profit or loss and other comprehensive income D. None of the options provided Reset Selection Indicate in which financial statement will the bank account with a negative balance be reported. A. Statement of profit or loss and other comprehensive income B. Statement of financial position C. None of the options provided D. Statement of changes in equity Which one of the following is not a domain of accounting? O A. Auditing B. None of the options provided C. Financial accounting O D. Management accounting Which one of the following is not a benefit of a sole trader? A. The owner has limited access to the capital B. The owner is directly involved with his/her clients C. Decisions can be made quickly, which saves much time D. The owner supervises the employees himself