The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the: ()
A. Going-concern assumption.
Business entity assumption.
C. Monetary unit assumption.
D. Cost Principle.
查看答案
An example of a financing activity is: ()
A. Buying office supplies.
B. Obtaining a long-term loan.
C. Buying office equipment.
D. Selling inventory.
Resources that are expected to yield future benefits are: ()
Assets.
B. Revenues.
C. Liabilities.
D. Owner's Equity.
Decreases in equity that represent costs of assets or services used to earn revenues are called: ()
A. Liabilities.
B. Equity.
C. Withdrawals.
D. Expenses.
The statement of owner's equity: ()
A. Reports how equity changes at a point in time.
B. Reports how equity changes over a period of time.
C. Reports on cash flows for operating, financing, and investing activities over a period of time.
D. Reports on cash flows for operating, financing, and investing activities at a point in time.
微信支付 
支付宝支付