1. A company's fiscal year must correspond with the calendar year.
平行宇宙电影FALSE
2. The time period principle assumes that an organization's activities can be divided into specific time periods.
TRUE
3. Interim statements report a company's business activities for a 1-year period.
FALSE
4. A fiscal year refers to an organization's accounting period that spans twelve concutive months or 52 weeks.
报到证怎么办理
TRUE
虎皮青椒的做法
5. Adjusting entries are made after the preparation of financial statements.
FALSE
6. Adjusting entries result in a better matching of revenues and expens for the period.
TRUE
7. Two main accounting principles ud in accrual accounting are matching and full closure.
FALSE
8. Adjusting entries are ud to bring ast or liability accounts to their proper amount and update the related expen or revenue account.
TRUE
断断续续造句9. The matching principle requires that revenue not be assigned to the accounting period in which it is earned.
FALSE
米粉蒸肉10. The revenue recognition principle is the basis for making adjusting entries that pertain to unearned and accrued revenues.
TRUE
南方科技大学校长
11. The cash basis of accounting commonly results in financial statements that are not comparable from period to period.
TRUE
12. Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items.
TRUE香菜怎么做
13. Since the revenue recognition principle requires that revenues be earned, there are no unearned revenues in accrual accounting.
FALSE
14. The matching principle requires that expens get recorded in the same accounting period as the revenues that are earned as a result of the expens, not when cash is paid.
前字开头的成语
