
Accounting Quiz

Quiz
•
Business
•
10th - 12th Grade
•
Hard
Chikita Priscila
Used 21+ times
FREE Resource
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Qualitative characteristic being displayed when companies in the same industry are using the same accounting principles.
Verifiability
Comparability
Faithful representation
Confirmatory value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Quality of information that confirms users’ earlier expectations.
Confirmatory value
Understandability
Comparability
Predictive value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imperative for providing comparisons of a company from period to period.
Timeliness
Verifiability
Understandability
Comparability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ignores the economic consequences of a standard or rule.
Predictive value
Materiality
Neutrality
Confirmatory value
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Requires a high degree of consensus among individuals on a given measurement.
Neutrality
Verifiability
Timeliness
Materiality
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Predictive value is an ingredient of this fundamental quality of information.
Relevance
Verifiability
Faithful Representation
Confirmatory Value
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of four qualitative characteristics that enhance both relevance and faithful representation.
Confirmatory value
Materiality
Timeliness
Neutrality
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