PD QUIZZ PARTIAL 1 W1

1. 1. Definition of (GAAP)

• Generally Adapted

  Administration Packs

• Generally Agreements for A.C.

• Generally Accepted Accounting Principles

• Generally Accepted Animals in Prission

2. 2. Accounting is an important part of financial decisions in the business because..

• Establish the estimated income statement.

• Establish only the balance sheets.

• Establish the payment of employees.

• Establish elements that are not related to business.

3. 3. The _________gives management a concise idea and image of how the company would perform.

• Government institutions

• Balance Sheet

• Taxes

• Financial projection Statement.

This picture is related to an important part of a Financial part of the business. This organization helps to find the records of different areas.

• Credit bureaus

• Credit cards

• Bank accounts

• Credit expenses

Describes an establishment that completes and facilitates monetary transactions, such as loans, mortgages, and deposits.

6.______help regulate the economy, ensure fair financial practices, and facilitate prosperity.

• Financial nests

• Financial Markets

• Financial Institutions

• Finland Institutions

7. 7. Payroll taxes include all of the taxes on an individual's salary...

• wage, bonus, commission, and tips

• wage, bagels, commission, and tips

• wage, bonus, cars, and tips

• walnuts, bonus, commission, and tips

8-10.- Explain in your words the three methods to valuate a business.