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AC201Quiz1CWA - Name Date AC 201 Quiz#1-Version C 1 The...

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Name: __________________________ Date: _____________ AC 201 Quiz#1-Version C 1. The primary objective of financial accounting is: A) To serve the decision-making needs of internal users. B) To provide financial statements to help external users analyze an organization's activities. C) To monitor and control company activities. D) To provide information on both the costs and benefits of looking after products and services. E) To know what, when, and how much to produce. 2. Revenue is properly recognized: 3. Source documents include all of the following except : Page 1
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