A. Assets
B. Liabilities
C. Equity
D. Investment by owners
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MCQs for Undergraduate Students
Computer Science Quiz
- Digital logic Design MCQs
- Operating System Concepts MCQs
- Software Engineering II MCQs
- Artificial Intelligence MCQs
- Assembly Language MCQs
- Computer Architecture MCQs
- Computer Graphics MCQs
- Data Base System MCQs
- Visual Programming MCQs
- Distributed Database Management Systems MCQs
- Object Oriented Programming MCQs
- Advanced Object Oriented Programming MCQs
Mathematics Quiz
- Mechanics MCQs
- Linear Algebra MCQs
- Number Theory MCQs
- Measure theory MCQs
- Complex Analysis MCQs
- Ideal Fluid Dynamics MCQs
- Quantum Mechanics MCQs
- Probability Theory MCQs
- Ring Theory And Field MCQs
- Advance Real Analysis MCQs
- Multi-Variate Calculus MCQs
- Advance Group Theory MCQs
- Mathematical Methods MCQs
- Modern Computer Algebra MCQs
- Partial Differential Equation MCQs
Chemistry Quiz
BBA-Business Administration Quiz
The statements that provide a theoretical foundation upon which to base GAAP are called___?
A. SFASs
B. Interpretations
C. Technical bulletins
D. SFACs
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The pronouncements issued by FASB provide timely guidance on financial accounting and reporting problems are called____?
A. SFASs
B. Interpretations
C. Technical bulletins
D. SFACs
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The pronouncements issued by FASB provide clarifications to previously issued standards, including SFASs, APB Opinions, and Accounting Research Bulletins are called_____?
A. SFASs
B. Interpretations
C. Technical bulletins
D. SFACs
View Answer
____ are the statements establish GAAP for specific accounting issues?
A. SFASs
B. SFACs
C. FASB
D. AICPA
View Answer
Which of the following could lead to cash flow problem?
A. Tightening of credit by suppliers
B. Easing of credit by suppliers
C. Reduction of inventory
D. Improved quality of accounts receivable
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If current assets exceed current liabilities, payments to creditors made on the last day of the year will ___?
A. Decrease current ratio
B. Increase current ratio
C. Decrease working capital
D. Increase working capital
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Total stockholders’ equity minus preferred stock equity and then divided by number of outstanding shares represents the ____?
A. Return on equity
B. Stated value per share
C. Book value per share
D. Tangible value per share
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Stock options are frequently provided to officers of companies; Exercised stock options would ____?
A. Improve the debt/equity ratio
B. Improve earnings per share
C. Improve the ownership interest of existing stockholders
D. Improve the total asset turnover
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Which of the following would be classified as an extra ordinary item?
A. Gain on sale of marketable securities
B. Loss on disposal of plant
C. Recognition of bad debt expenses against provisions
D. Payment made to the creditor against purchases
View Answer