Chapter 01 - Quiz

Chapter 01 - Quiz - Chapter #1 Name Take-Home Quiz...

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Chapter #1 Take-Home Quiz Name Section/Time Chapter 01 - Take-Home Quiz.doc Instructions: The questions in this quiz are very similar to the types of questions you will see on the midterm and final exams. Circle the choice that best answers the question. Turn in your quiz at the beginning of class on the scheduled due date. I suggest you work on this take-home quiz individually to maximize the learning potential. However, you are permitted to work on the quizzes in groups. 1. The financial statements most frequently provided include all of the following except the a. balance sheet. b. income statement. c. statement of cash flows. d. statement of retained earnings. 2. Financial statements in the early 2000s provide information related to a. non-financial measurements. b. forward-looking data. c. hard assets (e.g., inventory and plant assets). d. all of these. 3. Which of the following statements is not an objective of financial reporting? a. Provide information that is useful in investment and credit decisions.
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Chapter 01 - Quiz - Chapter #1 Name Take-Home Quiz...

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