CoB 241 Review (ch 1-5)

CoB 241 Review (ch 1-5)

University

39 Qs

quiz-placeholder

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CoB 241 Review (ch 1-5)

CoB 241 Review (ch 1-5)

Assessment

Quiz

Business

University

Medium

Created by

Heidi Derstine

Used 39+ times

FREE Resource

39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

Which type of accounting refers to information for external stakeholders?

Managerial Accounting

Financial Accounting

External Accounting

Cost Accounting

2.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

Which type of accounting refers to information for internal stakeholders?

Managerial Accounting

Financial Accounting

External Accounting

Cost Accounting

3.

MULTIPLE SELECT QUESTION

20 sec • 5 pts

Which of the following are sections of a 10-k (Annual report) - check all that apply

Management's Discussion & Analysis

The financial statements

Auditor's Report

Footnotes to the financial statements

4.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

What are the accounting rules in the U.S. called?

General financial reporting rules

Generally accessed auditing pronouncements

Financial Accounting Standards Board

Generally accepted accounting principles

5.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

Who sets accounting standards in the U.S.?

ACC

IASB

FASB

PCAOB

6.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

What are dividends?

distributions to shareholders

an expense

payments from common stock

payments to merchandise suppliers

7.

MULTIPLE SELECT QUESTION

10 sec • 5 pts

Which of the following are included in Shareholders' Equity? (check all that apply)

assets

retained earnings

liabilities

common stock

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