Please assist with the given problems.
Question A) Why do annual reports include more than 1 year of the balance sheet and statements of income and cash flows?
1) SEC requires only 1 year's data
2) Financial statements for only 1 year would have no reference point for indicating changes in a company's financial record over time.
3) The income statement is for a period of time, as the balance is for a particular date.
4) Information is required as part of an integrated disclosure system adopted by shareholders.
Question B) In relationship with the statement of cash flows, what type of accounts are notes payable and current maturities of long-term debt?
1) Operating accounts
2) Cash accounts
3) Investing accounts
4) Financing accounts