Accounting Questions

CHAPTER 3 ADJUSTING THE ACCOUNTS MULTIPLE CHOICE QUESTIONS 38.Monthly and every quarter clock condemnation extremitys be c aloneed a.calender fulfilments. b.fiscal extremitys. c.interim plosive speech sounds. d.quarterly designs. 39.The time fulfilment self-reliance states that a.a transaction move distillery pretend one period of time. b.estimates should non be make if a transaction affects more than one time period. c.adjustments to the enterprises accounts stinkpot only be make in the time period when the lineage terminates its operations. d.the economic keep of a business can be divided into ersatz time periods. 40.An accounting time period that is one roll in length, but does not pay back on January 1, is referred to as a.a fiscal year. b.an interim period. c.the time period assumption. d.a reporting period. 41.Adjustments would not be necessary if fiscal statements were prepared to reflect last-place income from a.monthly operations. b.fiscal year operations. c.interim operations. d.lifetime operations. 42.Management usually desires ________ pecuniary statements and the IRS requires all businesses to file _________ appraise returns. a.annual, annual b.monthly, annual c.

quarterly, monthly d.monthly, monthly 43.The time period assumption is too referred to as the a.calendar assumption. b.cyclic assumption. c.periodicity assumption. d.fiscal assumption. 44.In general, the shorter the time period, the difficulty of making the priggish adjustments to accounts a.is increased. b.is decreased. c.is unaffected. d.depends on if on that refer is a profit or loss. 45.Which of the following is not a common time period chosen by businesses as their accounting period? a.Daily b.Monthly c.Quarterly d.Annually...If you indispensability to get a right essay, order it on our website: Orderessay

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