Sources of increases to equity are（）
A. additional investments by owners
B. purchases of merchandise
C. distributions to owners
D. expenses
查看答案
The cost principle requires that when assets are acquired, they be recorded at（）
A. appraisal value
B. exchange price paid
C. selling price
D. list price
Ethics are the standards of conduct by which one’s actions are judged as（）
A. right or wrong
B. honest or dishonest
C. fair or unfair
D. all of these
Creditors use financial accounting information to（）
A. determine whether the company is following regulatory guidelines
B. determine whether the company is complying with tax laws
C. evaluate the risks of lending money
D. make decisions to about buying, holding, or selling stock
A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the（）
A. stand alone concept
B. monetary unit assumption
C. corporate form of ownership
D. business entity assumption
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