ACC 556 Chapter 1 Quiz ( 100 % Score ) For more course tutorials visit www . tutorialrank . com
ACC 556 Chapter 21 Quiz ( 100 % Score ) ACC 556 Chapter 22 Quiz ( 100 % Score ) =========================================
ACC 556 Chapter 1 Quiz ( 100 % Score ) For more course tutorials visit www . tutorialrank . com
Chapter 1 Quiz
Question 1
A business organized as a separate legal entity owned by stockholders is a partnership .
Question 2
Accounting communicates financial information about a business to both internal and external users .
Question 3
The primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments of a company for a specific period of time .
Question 4
One way of stating the accounting equation is : Assets + Liabilities = Stockholders ‘ Equity .