Blackstone Corporation does not report an item on the balance sheet it is not large enough to influence a financial statement user. This generally accepted accounting principle is
Materiality
Matching
Going concern
Conservatism
This quality assumes that information is reasonably free from error
Relevant
Conservatism
Understandability
None of the above
An economist would use financial statements of the company to forecast trends. These financial statements are examples of
Managerial accounting
Financial accounting
Tax accounting
None of the above
An addition to the Internal Revenue Code of the United States impacts
Financial accounting
Managerial accounting
Tax accounting
None of the above