Which of the following is not a component of the accounting equation? Select one: A. Stockholders' equity B. Income statement C. Liabilities D. Assets E. None of the above

Which of the following is not typically found on an Income Statement? A. Revenue B. Expenses C. Liabilities D. Net Income

Which of the following is not a proper representation of the accounting equation? Equity = Assets + Liabilities Liabilities = Assets - Equity Assets = Liabilities + Equity Assets - Liabilities = Equity

Which of the following is an incorrect depiction of the accounting equation? O Assets - Equity = Liabilities O Assets - Liabilities = Equity O Assets + Equity = Liabilities O Assets = Liabilities + Equity

Under IFRS, liabilities and shareholders' equity on the balance sheet usually appear in which order? Equity, noncurrent liabilities, and current liabilities O Equity, current liabilities, and noncurrent liabilities Current liabilities, noncurrent liabilities, and equity Noncurrent liabilities, current abilities, and equity

Which of the following is considered a constraint on useful information by Statement of Financial Accounting Concepts No. 8? a. benefits costs b. conservatism c. timeliness d. verifiability

Classification of Financial Statement Items Classify each of the following items according to (1) whether it belongs on the income statement (IS) or balance sheet (BS) and (2) whether it is a revenue (R), expense (E), asset (A), liability (L), or stockholders equity (SE) item.

Does the order in which financial statements are prepared matter?

All of the following items are classified as accounting assumptions and coventions except for a. going concern b. timeliness c. monetary unit d. entity

Which of the following is the basic accounting equation? a.Assets = Stockho ' Equity - Liabilities b.Assets - Liabilities =Stockholders' Equity c.Assets + Liabilities = Stockholders' Equity d Assets = Liabilities - Stockholders ' Equity Which one?