Which of the following is (are) true regarding transactions?
A) May be reported individually
B) May be reported as part of aggregate information
C) May be reported to external auditors only
D) A & B
E) B & C D

Question

Quizplus · Accepted Answer

Transactions may be reported individually or as part of aggregate information. Both options are valid methods of reporting. They can be reported to internal and external parties, including auditors. Therefore, options C and E are incorrect.

Which of the Following Is (Are) True Regarding Transactions