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1. Which of the chase pars properly represents a derivation of the fundamental method of accounting equation? a. b. c. d. Assets + Liabilities = Owners equity Assets = Owners equity Cash = Assets Assets Liabilities = Owners equity 2. defend net will change over time because of some(prenominal) factors. Which of the by-line factors would explain an increase in retained mesh? a. b. c. d. 3. realize loss displace Income Dividends Investment by subscriber line holders Which of these items would be accounted for as an expense? a. Repayment of a cashbox impart b. Dividends to stockholders c. Purchase of land d. payment to the cur engross pointednesss rent 4. Which of the following would not be include on a balance tag end? a. b. c. d. 5 Accounts receivable Accounts payable gross revenue Cash Which of the following statements is true concerning assets? a. They are recorded at monetary lever and adjusted for inflation. b. They are recorded at market protect for financial reporting because historical speak to is arbitrary. c. Accounting principles rent that companies report assets on the income statement. d. Assets are measured using the represent concept. 6. Which of the following is a correct expression of the accounting equation? a. Assets - Liabilities + Owners Equity b. Assets = Liabilities - Owners Equity c. Assets + Owners Equity = Liabilities d. Assets = Liabilities + Owners Equity 7. How is the balance sail linked to the other financial statements? a. The beginning retained meshing balance on the statement of retained earnings becomes the criterion of retained earnings reported on the balance sheet. b. contain earnings is added to total assets and reported on the balance sheet. c. mesh income increases retained earnings on the statement of retained earnings, which in conclusion increases retained earnings on the balance sheet. d. There is no link between the balance sheet and the other statements. 8. associati on that is material means that an error or a! lternative prevail of handling a transaction...If you want to get a extensive essay, order it on our website: OrderEssay.net

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