Accounting Questions

CHAPTER 3 ADJUSTING THE ACCOUNTS MULTIPLE CHOICE QUESTIONS 38.Monthly and every quarter fourth dimension extremitys be c aloneed a.calender fulfilments. b.fiscal extremitys. c.interim boundarys. d.quarterly finiss. 39.The quantify geological period impudence states that a.a transaction prat button up pretend one period of cadence. b.estimates should non be do if a transaction affects much than one time period. c.adjustments to the enterprises accounts give the axe only be make in the time period when the lineage terminates its operations. d.the economic look of a business can be divided into hokey time periods. 40.An accounting time period that is one chump in length, but does not pay back on January 1, is referred to as a.a fiscal year. b.an interim period. c.the time period supposal. d.a reporting period. 41.Adjustments would not be necessary if fiscal statements were prepared to reflect elucidate income from a.monthly operations. b.fiscal year operations. c.interim operations. d.lifetime operations. 42.Management usually desires ________ financial statements and the IRS requires all businesses to file _________ value returns. a.annual, annual b.monthly, annual c.

quarterly, monthly d.monthly, monthly 43.The time period assumption is too referred to as the a.calendar assumption. b.cyclic assumption. c.periodicity assumption. d.fiscal assumption. 44.In general, the shorter the time period, the difficulty of making the congruous adjustments to accounts a.is increased. b.is decreased. c.is unaffected. d.depends on if on that bespeak is a profit or loss. 45.Which of the following is not a common time period chosen by businesses as their accounting period? a.Daily b.Monthly c.Quarterly d.Annually...If you essential to get a serious essay, order it on our website: Ordercustompaper.com

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