Question 4 question text t f the income statement

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Question 4
Question text (T / F) The income statement shows the profitability of the company and is dated as of a particular date, such as December 31, 2014. Select one:
Question 5 Question text (T / F) Retained earnings represent undistributed net income. Select one:
Question 6 Question text (T / F) Accounting rules in the United States are known as International Financial Reporting Standards (IFRS). Select one: Feedback Correct.
Question 7 Question text
(T / F) In a company the person in charge of the accounting activity is called the controller or chief financial officer. Select one: True False The correct answer is 'True'. Feedback Correct.
Question 8 Question text (T / F) The three forms of business organizations are single proprietorship, partnership, and trust. Select one:
Question 9 Question text (T / F) The equity ratio shows the proportion of the company's assets that is financed through investments by the owners. Select one: Feedback Correct.
Question 10 Question text (T / F) The three types of business activity are service, merchandising, and manufacturing.
Select one:

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