Author Question: Which item below would not be a quality of financial reporting issue related to the balance sheet? ... (Read 51 times)

JGIBBSON · **on:** Jul 6, 2018

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