Select one true false question 7 correct mark 100 out

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Select one: True False Question 7Correct Mark 1.00 out of 1.00
Flag question Question text The statement of owner's equity of a partnership includes capital reserves. Select one: True False Question 8Correct Mark 1.00 out of 1.00 Flag question Question text Purchase of plant assets is a financing activity. Select one: True False Question 9Correct Mark 1.00 out of 1.00 Flag question
Question text The statement of financial position shows the net worth of a business. Select one: True False Question 10Correct Mark 1.00 out of 1.00 Flag question Question text _____are the capsulized reports that show the financial health of a business entity. Select one: a. Revenues b. None of the choices c. Financial reporting d. Financial statementsQuestion 1Correct Mark 1.00 out of 1.00 Flag question
Question text The primary objective of financial reporting is to provide information about the firm that will be beneficial to all stakeholders. Select one: True False Question 2Correct Mark 1.00 out of 1.00 Flag question Question text The positive bottom line figure in the income statement is called ____. Select one: a. Financial statements b. None of the choices c. Revenues d. Net income Question 3Correct Mark 1.00 out of 1.00 Flag question Question text
NSF checks are those issued by the firm as payment and are not yet presented to the banks for encashment. Select one: True False Question 4Correct Mark 1.00 out of 1.00 Flag question Question text _____are the capsulized reports that show the financial health of a business entity. Select one: a. None of the choices b. Financial reporting c. Financial statements d. Revenues Question 5Correct Mark 1.00 out of 1.00 Flag question Question text
Disclosures can also be presented in the face of a financial statement. Select one: True False Question 6Correct Mark 1.00 out of 1.00 Flag question Question text Purchase of plant assets is a financing activity. Select one: True False Question 7Correct Mark 1.00 out of 1.00 Flag question Question text The statement of owner's equity of a partnership includes capital reserves. Select one: True
False Question 8Correct Mark 1.00 out of 1.00 Flag question Question text Payment of the principal amount of loan is a ___ activity. Select one: a. Deposit in transit b. None of the choices c. Financing d. Net loss Question 9Correct Mark 1.00 out of 1.00 Flag question Question text If the company incurred____, the capital beginning will be decreased by the same amount. Select one: a. Retained earnings b. Revenues
c. None of the choices d. Net loss Question 10Correct Mark 1.00 out of 1.00 Flag question Question text The adjusted trial balance is also a financial statement. Select one: True False Question 1Correct Mark 1.00 out of 1.00 Flag question Question text The elements of an income statement include revenues and prepaid expenses. Select one: True False
Question 2Correct Mark 1.00 out of 1.00 Flag question Question text The statement of financial position shows the net worth of a business.

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