Chapter 1 – Goals Achievement
0 of 12 Questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 12 Questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Which of the following branches of accounting is concerned primarily with external reporting or communicating the results of economic activities to parties outside the firm?CorrectIncorrect
Many accounting measurements are based on the historical-cost principle, which holds that assets and liabilities are initially entered into the accounting records at acquisition cost, but subsequently change as market values change.CorrectIncorrect
Which of the following areas of the accounting profession is sometimes referred to as industry accounting?CorrectIncorrect
Accountants have developed ethical standards that pertain to financial record keeping and reporting.CorrectIncorrect