True/Make true questions in the “Financial Statements”
1. The financial statements printed by Peachtree reflect month-to-date amounts only.
2. The financial statements are interrelated.
3. The term standard refers to financial statements that are designed by the company.
4. Bellwether Garden Supply showed a net loss for the current month, March 31, 2012.
5. The statement of changes in financial position derives its information from the income statement.