Seneca College - HRM 732 Quiz 1 1)An external user could be: Canadian Accounting Standards allow a choice of whether or not to use International Financial Reporting Standards for which type of company? The International Accounting Standards Board: Mel Green is the proprietor (owner) of Green's, a retailer of athletic apparel

Seneca College - HRM 732

Quiz 1

1)An external user could be:

2. Canadian Accounting Standards allow a choice of whether or not to use International Financial Reporting Standards for which type of company?
3. The International Accounting Standards Board:
4. Mel Green is the proprietor (owner) of Green's, a retailer of athletic apparel. When recording the financial transactions of Green's, Mel does not record an entry for a car he purchased for personal use. Mel took out a personal loan to pay for the car. What accounting assumption guides Mel's behaviour in this situation?
5. The main objective of the financial statements is:
6. All of the following are steps used to analyze ethical dilemmas EXCEPT:
7. Which of the following principles or assumptions requires that the activities of a business be kept distinct from those of its owner(s)?
8. An external user would NOT include:
9. Which of the following would violate the economic entity concept?
10. The going concern assumption: