quiz 17 - Quiz: Chapter 17: Accounting Practices and...

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Quiz: Chapter 17: Accounting Practices and Principles Official Score: 33% Recorded at 9/18/2008 4:29:04 AM (EST). 1) Most successful entrepreneurs have at least a basic  understanding of accounting principles and rules. True False 2) Managerial accounting is intended primarily for use by  external decision makers, such as investors, creditors, and  the Internal Revenue Service. True False Rationale: External decision makers primarily use financial accounting . Review this topic 3) The SEC requires publicly traded corporations to publish  annual and quarterly financial reports. True
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False Rationale: In addition, annual and quarterly registration statements must also be filed with the SEC. Review this topic 4) After attaining certain educational requirements and  passing a rigorous examination, certified public accountants  are licensed to practice in all fifty states. True
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This note was uploaded on 03/24/2009 for the course IEE iee 220 taught by Professor Robertfleischner during the Spring '08 term at ASU.

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quiz 17 - Quiz: Chapter 17: Accounting Practices and...

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