An addition to the internal revenue code

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Blackstone Corporation does not report an item on the balance sheet it is not large enough to influence a financial statement user. This generally accepted accounting principle is

Materiality

Matching

Going concern

Conservatism

This quality assumes that information is reasonably free from error

Relevant

Conservatism

Understandability

None of the above

An economist would use financial statements of the company to forecast trends. These financial statements are examples of

Managerial accounting

Financial accounting

Tax accounting

None of the above

An addition to the Internal Revenue Code of the United States impacts

Financial accounting

Managerial accounting

Tax accounting

None of the above

Reference no: EM131947674

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