Financial Accounting Fundamentals Quiz

Maximizing profits for the company

Minimizing tax liabilities

Ensuring compliance with ethical standards

Providing information for decision-making (correct)

To match assets with liabilities on the balance sheet

To match expenses with revenues in the period they are incurred (correct)

To match income with tax deductions

To match cash flows with investment activities

Statement of cash flows

Statement of changes in equity

Income statement (correct)

Balance sheet