Quizz 16.7

1. The public is debating the manner in ____ a firm's financial affairs are reported.

• which
• how
• what
• with

2. We now have 21 new standards relating to the profit and loss ____, the balance sheet, and the cash flow statement.

• goals
• account
• access
• currency

3. The first part of the book deals with the types of statement found in the annual report and ____ interpretation.

• their
• practice
• down
• account

4. Some chapters have been rewritten to reflect recent changes in accounting ____.

• account
• practice
• currency
• purposes

5. Managers need to know about the costs of products and the ____ costs of their departments.

• running
• private
• recommended
• practice

6. Most of the book is relevant to any form of business organization in both the public and the ____ sector.

• with
• down
• private
• account

7. This article is ____ reading on a variety of business and management courses.

• has been
• recommended
• access
• what

8. I am very pleased that this book ____ used for more than 20 years.

• had been
• has been
• has assess
• had access

9. Companies have to pay their auditors ____ more in fees because of new accounting and corporate governance rules.

• running
• significantly
• down
• practice

10. Manual or computerized bookkeeping systems are used to record all monetary ____ throughout the year.

• transactions
• purposes
• access
• private