8 and 9 an Italian mathematician and known as the father of modernaccounting who introduced the modern double-entry bookkeeping system in 1494 at Venicein Italy. Which of the following statements are true?Select one:a. Statement I: Financial statements are only interim report.Statement II: Financial statements are also known as annual records.Statement II: Financial statements are historic.O b. No correct answerO c. Statement I onlyO d. Statement II onlye. Both I & ||

1. The correct answer is Luca Pacioli. He was a mathematician born in Borgo San Sepolcro which is…

Answered: Statement I: Financial statements are…

Statement I: Financial statements are only interim report. Statement II: Financial statements are also known as annual records. Statement II: Financial statements are historic.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

8 and 9

an Italian mathematician and known as the father of modern
accounting who introduced the modern double-entry bookkeeping system in 1494 at Venice
in Italy.

Which of the following statements are true?
Select one:
a. Statement I: Financial statements are only interim report.
Statement II: Financial statements are also known as annual records.
Statement II: Financial statements are historic.
O b. No correct answer
O c. Statement I only
O d. Statement II only
e. Both I & ||

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