Which type of accounting refers to information for external stakeholders?

CoB 241 Review (ch 1-5)

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Business
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University
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Medium

Heidi Derstine
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39 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 5 pts
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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