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Question 12 2 pts Management's stewardship is to provide information about how a company's cash flows...


Question 12 2 pts Managements stewardship is to provide information about how a companys cash flows cause changes in the co
Question 12 2 pts Management's stewardship is to provide information about how a company's cash flows cause changes in the company's resources and claim's. O True O False Question 13 2 pts Oil and gas reserves information would be included within the financial statements. True False
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True

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False

According to the Securities Exchange and Commission (SEC), oil companies are required to report these reserves to investors through supplemental information to the financial statements.2 It is important to note oil still in the ground is not considered an asset until it is extracted and produced. Once the oil is produced, oil companies generally list what isn't sold as products and merchandise inventory.

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