Allofthefollowingstatementsaretrueexceptone.Whichstatementisfalse?
A. Theorganizationthatformulatesgenerallyacceptedaccountingprinciplesisthe FinancialAccountingStandardsBoard.
B. Aproprietorshipisabusinesswithseveralowners.
C. Professionalaccountantsareheldtoahighstandardofethicalconduct.
D. Bookkeepingisonlyapartofaccounting.
查看答案
Thevaluationofassetsonthebalancesheetisgenerallybasedon:
A. currentfairmarketvalueasestablishedbyindependentappraisers.
B. historicalcost.
C. sellingprice.
D. whatitwouldcosttoreplacetheasset.
Theaccountingequationcanbeexpressedas:
Assets=Liabilities - OwnersEquity
B. Assets+Liabilities=OwnersEquity
C. Assets-Liabilities=OwnersEquity
D. OwnersEquity-Assets=Liabilities
Thenatureofanassetisbestdescribedas:
A. aneconomicresourcethatsexpectedtobenefitfutureoperations.
B. somethingwithphysicalformthatsvaluedatcostintheaccountingrecords.
C. somethingownedbyabusinessthathasareadymarketvalue.
D. aneconomicresourcerepresentingcashortherighttoreceivecashinthefuture
Whichfinancialstatementcoversaperiodoftime?
A. Balancesheet&Incomestatement
B. Incomestatement&Statementofcashflows
C. Balancesheet&Statementofcashflows
D. Balancesheet&Statementofretainedearnings
微信支付 
支付宝支付