AC201Quiz2WOA - Name_Mark Graves Date AC 201 Quiz#2Multiple Choice Questions 10 points each Select the one best answer 1 The accounting principle that

AC201Quiz2WOA - Name_Mark Graves Date AC 201 Quiz#2Multiple...

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Name: _____Mark Graves __________ Date: ____June 11 2009 _________ AC 201 Quiz #2- Multiple Choice Questions ( 10 points each ) Select the one, best answer 1.The accounting principle that requires revenue to be reported when earned is the: A)Matching principle. B)Revenue recognition principle. C)Time period principle. D)Accrual reporting principle. E)Going-concern principle. 2.Adjusting entries are journal entries made at the end of an accounting period for the purpose of: 3.The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been owned:

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