题目内容

An electrician repaired the light fixtures in a retail shop on October 24 and sent the bill to the shop on November 3. If both the electrician and the shop prepare financial statements under the accru

Accrued revenue Accrued expense
B. Accrued revenue Prepaid expense
C. Unearned revenue Accrued expense

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Information about elections of members to a companys Board of Directors is most likely found in:

A l0-Q filing.
B. A proxy statement.
C. Footnotes to the financial statements.

Which of the following most accurately lists a required reporting element that is used to measure a companys financial position and one that is used to measure a companys performance?
Position PerWhich of the following most accurately lists a required reporting element that is used to measure a companys financial position and one that is used to measure a companys performance?
Position Per

Assets Liabilities
B. Income Expenses
C. Liabilities Income

Accounts receivable and accounts payable are most likely classified as which financial statement elements?
Accounts receivable Accounts payableAccounts receivable and accounts payable are most likely classified as which financial statement elements?
Accounts receivable Accounts payable

Assets Liabilities
B. Revenues Liabilities
C. Revenues Expenses

Which is least likely one of the conclusions about the impact of a change in financial reporting standards that might appear in managements discussion and analysis?

A. Management has chosen not to implement the new standard.
B. Management is currently evaluating the impact of the new standard.
C. The new standard will not have a material impact on the companys financial statement

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