chapter 1 knowledge test.docx - Review Test Submission Learning Check 1.1 What is Accounting User Course Nasia Smith Principles of Financial Accounting

chapter 1 knowledge test.docx - Review Test Submission...

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Review Test Submission: Learning Check 1.1- What is Accounting User Nasia Smith Course Principles of Financial Accounting - ACCT-2003-001 - Sep 2019 Test Learning Check 1.1- What is Accounting Started 9/8/19 4:40 PM Submitted 9/8/19 5:44 PM Due Date 9/14/19 11:59 PM Status Completed Attempt Score 8 out of 10 points Time Elapsed 1 hour, 4 minutes Results Displayed All Answers Question 1 0 out of 2 points The time period associated with the income statement is Answer s: a fiscal period, such as a fiscal year always a calendar year a point in time, such as December 31 either a point in time or a period of time, depending on the policy of the company Question 2 2 out of 2 points The accounting profession can be divided into three major categories; specifically, the practice of (1) public accounting, (2) private accounting, and (3) governmental accounting. Which of the following services must be performed by a certified public accountants? Answer s: A. Financial Accounting B. Managerial Accounting C. Auditing D. Cost Accounting
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