ACC102 Study Guide - Quiz Guide: Exact Sciences, Mathematical Finance, Financial Accounting
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Multiple choice: choose the letter or the best/correct answer. Use capital letter in writing your answer: all of the following describe accounting, except, a service activity c. a universal language of business b. An information system d. exact science rather than an art. In making the assessment, mr. a uses not only the statement of cash flows but also the other components of a complete set of financial statements. This is because of which of the following concepts: going concern c. intercalation, articulation, time period, entity a acquires a stapler. Instead of recognizing the cost of the stapler as an assets to be subsequently depreciated, entity a immediately charges it as expense. A recognizes sales revenue on day 1 rather than on day 30. Modified true or false: read the following statements. Write true if the statement is correct and.
