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Which is not a required component of financial statements

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Reference no: EM132739374

Problem 1: Which of the following is not a required component of financial statements?

a. President's letter to shareholders

b. Income Statement

c. Statement of Financial Position

d. Notes to financial statements

Problem 2: Which of the following concepts assumes that the purchasing power of the peso is constant?

a. Monetary concept

b. Periodicity concept

c. Matching concept

d. Concept of equality of value received and value given up

Reference no: EM132739374

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