Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Textbook Question
Chapter 5, Problem 1EA
The lettered items that follow represent a classification scheme for the concepts of financial accounting. Match each numbered term in the list that follows with the letter of the category in which it belongs.
- a. Qualitative characteristics
- b. Financial statements
- c. Objective of accounting information
- d. Accounting measurement considerations
- e. Accounting processing considerations
- f. Decision makers (users of accounting information)
- g. Accounting conventions
- h. Business activities or entities relevant to accounting measurement
- 1. Conservatism
- 2. Verifiability
- 3. Statement of
cash flows - 4. Materiality
- 5. Faithful representation
- 6. Recognition
- 7. Cost-benefit
- 8. Predictive value
- 9. Business transactions
- 10. Consistency
- 11. Full disclosure
- 12. Furnishing information that is useful to investors and creditors
- 13. Specific business entities
- 14. Classification
- 15. Management
- 16. Neutrality
- 17. Internal accounting control
- 18. Valuation
- 19. Investors
- 20. Completeness
- 21. Relevance
- 22. Furnishing information that is useful in assessing cash flow prospects
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Chapter 5 Solutions
Principles of Accounting
Ch. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQCh. 5 - Prob. 1SECh. 5 - Prob. 2SECh. 5 - Tell whether each of the following accounts is a...
Ch. 5 - Prob. 4SECh. 5 - Prob. 5SECh. 5 - Prob. 6SECh. 5 - Prob. 7SECh. 5 - The lettered items that follow represent a...Ch. 5 - Each of the statements that follow violates one or...Ch. 5 - The lettered items that follow represent a...Ch. 5 - Prob. 4EACh. 5 - Prob. 5EACh. 5 - Prob. 6EACh. 5 - Prob. 7EACh. 5 - Prob. 8EACh. 5 - Prob. 1PCh. 5 - The information that follows is from Jasons...Ch. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5APCh. 5 - The information that follows is from Matts...Ch. 5 - Prob. 7APCh. 5 - The information that follows is from Rodriguezs...Ch. 5 - Prob. 1CCh. 5 - Prob. 2CCh. 5 - Prob. 3CCh. 5 - Prob. 4CCh. 5 - Prob. 5C
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