BBA 2201-15P-5B18-S2, Principles of Accounting I Unit 1 Assessment.docx

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StatusCompletedBBA 2201-15P-5B18-S2, Principles ofAccounting IAttempt Score70 out of 100 pointsTime Elapsed43 minutesInstructionsAssessment InstructionsResults DisplayedSubmitted Answers, Correct Answers, FeedbackQuestion 15 out of 5 pointsWhich of the following statements is TRUE of asole proprietorship?
Question 20 out of 5 pointsThe earnings of a sole proprietorship are__________.
Question 35 out of 5 pointsThe equity of Alliance Company is $100,000 andthe total liabilities are $10,000. The total assetsare __________.
Question 40 out of 5 pointsGAAP refers to guidelines for accounting
information in the United States. The acronymGAAP in this statement refers to __________.
Accounting Principles

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Term
Spring
Professor
Professor Diane Casey
Tags
Accounting, Balance Sheet, Correct Answer, Generally Accepted Accounting Principles, Maxwell Plumbing Services, Hollywood Talent Services

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