Question

question 11 (mandatory) (1 point)
public accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
true
false
question 12 (mandatory) (1 point)
balance sheets usually classify assets into at least two major categories: current assets and property, plant, and equipment assets.
true
false

Explanation:

Question 11

Public accountants offer services like tax prep, auditing, and consulting to clients for a fee. This matches the definition of public accountants' services.

Balance sheets typically classify assets into current assets (short - term) and property, plant, and equipment (long - term, fixed assets) as major categories. So the statement is correct.

Answer:

A. True

Question 12