Which item below would not be a quality of financial reporting ...

[JGIBBSON]

Which item below would not be a quality of financial reporting issue related to the balance sheet?
 
  a. Mismatching the type of debt (short or long-term) used to finance assets.
  b. Discretionary expenses.
  c. Overvaluation of assets.
  d. Off-balance sheet financing.

Question 2

A business should make all payments by check, including payment from the Petty Cash Fund.
 a. True
   b. False
   Indicate whether the statement is true or false

[Sophiapenny]

Answer to Question 1

b

Answer to Question 2

False

[JGIBBSON]

Thanks for the timely response, appreciate it

[diana chang]

YES! Correct, THANKS for helping me on my review