Reviewer for Financial Accounting and Reporting
Authored by Espiritu, Lorena A.
Other
University
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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Accounting Equation
Assets = Liabilities + Equity
Assets = Liabilities - Equity
Equity = Liabilities + Assets
Liabilities = Equity + Assets
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
(a) is an information system that identifies, records, and communicates the economic events of an organizationto interested users.
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Economic events are also called (a)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Managers who plan, organize, and run the business
Internal Users
External Users
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ provides internal reports to help users make decisions about their companies
Financial Accounting
Managerial Accounting
Human Resource Management
Business Management
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________ are individuals and organizations outside a company who want financial information about the company.
Internal Users
External Users
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business organized as a separate legal entity. Also enjoys limited liability.
Proprietorship
Partnership
Corporation
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