28 Dec BUS591 FINANCIAL ACCOUNTING & ANALYSIS-QUIZ
BUS591 FINANCIAL ACCOUNTING & ANALYSIS-QUIZ
Question 21 pts
An advantage of the corporate form of business is that…..
a.it has limited life.
b.its owner’s personal resources are at stake.
c.its ownership is easily transferable via the sale of shares of stock.
d.it is simple to establish.
Flag this QuestionQuestion 31 pts
Which of the following is not a liability?
a.Unearned Service Revenue
b.Accounts Payable
c.Accounts Receivable
d.Interest Payable
Flag this QuestionQuestion 41 pts
Stockholders’ equity is comprised of…
a.common stock and dividends.
b.common stock and retained earnings.
c.dividends and retained earnings.
d.net income and retained earnings.
Flag this QuestionQuestion 51 pts
a.Which organization issues U.S. accounting standards?
b.Security Exchange Commission.
c.International Accounting Standards Committee.
d.International Auditing Standards Committee.
e.Financial Accounting Standards Board.
Flag this QuestionQuestion 61 pts
The ability of a business to pay obligations that are expected to become due within the next year or operating cycle is…
a.leverage.
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