The left side of an account is（）
A. blank
B. a description of the account
C. the debit side
D. the balance of the account
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Which of the following would be considered an external user of accounting data for the Raintree Company（）
A. Internal Revenue Service Agent
B. Vice-president of finance
C. Production supervisor
D. Cost accountant
A problem with the monetary unit assumption is that（）
A. the dollar has not been stable over time
B. the dollar has been stable over time
C. the dollar is a common medium of exchange
D. it is impossible to account for international transactions
GAAP stands for（）
A. Generally Accepted Auditing Procedures
B. Generally Accepted Accounting Principles
C. Generally Accepted Auditing Principles
D. Generally Accepted Accounting Procedures
The accounting process involves all of the following except（）
A. identifying economic transactions that are relevant to the business
B. communicating financial information to users by preparing financial reports
C. recording nonquantifiable economic events
D. analyzing and interpreting financial reports
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