Reference no: EM13583147

1.) Which of the following accounting concepts do accountants and auditors assess by using financial analyses?
A.) Time period
B.) Going concern
C.) Full disclosure
D.) Separate entity

2.) A journal entry is NOT recorded on what date?
A.) A journal entry is required on all of these dates.
B.) Date of payment.
C.) Date of declaration.
D.) Date of record.

3.) If a company's assets (such as accounts receivable or inventory) are allowed to grow out of control, which of the following would occur?
A.) None of the above.
B.) Cash flows from financing activities would be reduced.
C.) Cash flows from operating activities would be reduced.
D.) Cash flows from investing activities would be reduced.

4.) Where is the overall change in cash shown in the statement of cash flows?
A.) In the bottom part, following the financing .activities section
B.) None of the above.
C.) In one of the operating, investing, or financing sections.
D.) In the top part, before the operating activities section