Free Exam: Accounting 12 Chapter 3 ALL
Number of Questions in Test: 70
Number of Questions in Preview: 5
Register to view all questions.
Note: Answers are not shown below but will be copied with this test.
Copy this test to my quiz maker account
Register with ClassMarker to copy free tests to give to your Test takers.
Register nowQuestion 1
The time period assumption states that
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
An accounting time period that is one year in length, but does not begin on January 1, is referred to as
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
Adjustments would not be necessary if financial statements were prepared to reflect net income from
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
Management usually desires _________ financial statements and the Canada Customs and Revenue Agency requires all businesses to file __________ tax returns
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
Companies use the time period assumption to prepare financial statements for all the following reasons except:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |