
Quizzes for Chapters 1&2
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Which one of the following is usually viewed as an equity-oriented stakeholder?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Which accounting standard is widely used in Europe?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. "Employees only get salaries, therefore they are not the users of corporate financial statements". Is this true or false?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Income statements inform about
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Statements of changes of equities inform about
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. "A debit is an entry made to the right side of an account and always increases an account balance", is it true or false?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. If a firm purchases inventory on account, it
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