Accounting records:

a. are records of a firm's financial position that reflect any changes in that position.

b. must reflect changes occurring in assets, liabilities, income, expenses, and equity.

c. enable the owner to know what the bottom line is.

d. all of the above.

e. (a) and (c) only.

2. Employees who know best how the job should be done are:

a. the ones with the best education

b. the ones doing it

c. the ones in charge

d. the ones paid per hour

e. the ones on fixed salary