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Who among the following will least likely be

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60. Who among the following will least likely be interested in the company’s performance?a.Investorsb.Shareholdersc.Governmentd.community
61. It refers to an increase in economic benefits in the form of an increase in assets or a decrease inliabilities resulting in an increase in equity other than contributions from owners.
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62. An entity’s revenue may result from
63. They refer to increase in equity from peripheral or incidental transactions of an entity.
64. It refers to a decrease in economic benefits in the form of a decrease in asset or an increase in liabilityresulting in a decrease in equity other than distributions to owners.a.Assetb.Liabilityc.Incomed.Expense
65. Expense is recognized
66. In accounting, the term ‘probable’ means that the probability that an event will occur is
67. It is the process that involves the simultaneous recognition of revenue and expenses that result directlyfrom the same transactions or events
68. If an asset provides benefits for several periods, its cost is allocated to the periods benefited in theabsence of a more direct basis for relating the cost to revenue.a.Associating cause and effectb.Systematic and rational allocationc.Immediate recognitiond.Instalment method

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Term
Fall
Professor
professor_unknown
Tags
Balance Sheet, PFRS, Philippine Financial Reporting Standards

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