Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Waynesburg University BUS 141 Chapter 15 1
1.) Which of the following is a comprehensive system for collecting, analyzing, and communicating financial information to a firm's owners and employees, to the public, and to various regulatory agencies?
2.) Which of the following systems is concerned with external information users: consumer groups, unions, stockholders, suppliers, creditors, and government agencies?
3.) Which of the following types of accountants combines investigative skills with accounting, auditing, and the instincts of a bloodhound?
4.) Which of the following is NOT a type of work done by a forensic accountant?
5.) Which of the following is NOT true about the accounting equation?
6.) Which of the following is a debt that a firm owes to an outside party?
7.) Owners' equity consists of each of the following sources of capital, EXCEPT which one?
8.) Which of the following is NOT one of the three broad categories of financial statements?
9.) Which of the following statements is divided into four major categories: revenues, cost of revenues, operating expenses, and net income?
10.) Which of the following is NOT true about budgets?
11.) The statement of cash flows shows the effects on cash by each of the following aspects of a business, EXCEPT which one?
12.) Common language and standard practices for financial reporting are spelled out by which of the following?
13.) Which of the following is NOT one of the recognized reporting standards required by GAAP?
14.) Which of the following is NOT true about standards for reporting financial statements?
15.) Each of the following is one of the three major classifications of financial ratios EXCEPT which one?
16.) Which type of solvency ratio provides evidence of earning power for owners?
17.) Which of the following is the ratio that measures a firm's capability to generate cash to meet current obligations through the normal, orderly process of selling inventories and collecting revenues from customers?
18.) Which of the following is NOT true regarding financial statement analysis by ratios?
19.) Which one of the following is NOT related to ethics in financial reporting?
20.) The code of professional conduct is maintained and enforced by which of the following?
21.) Which of the following is NOT true about AICPA's Code of Professional Conduct?
22.) Which of the following is an independent, nonprofit organization established for the purpose of developing a set of global accounting standards?
23.) Which of the following is NOT a purpose of the IASB?
24.) Each of the following is an area targeted for aligning U.S. GAAP and IASB EXCEPT which one?
25.) Which of the following is NOT one of the tasks of the IASB as it strives to fulfill its purpose in international financial reporting?
Already member? Sign In
