... payable C Accounts payable and revenue D Accounts receivable and revenue 84 Free Test Bank for Financial Accounting 1st Edition by Waybright Multiple Choice Questions-Page Which of the following ... price in 1979 D Current cost in 2009 What is the purpose of financial accounting information? A To provide biased information to the markets for trading B To help investors, creditors, and others ... report: A results of operations for a specific date B the financial position on a specific date C results of operations for a specific period D the financial position for a specific period Casey...