ACC 557 TUTOR Education Terms/acc557tutor.com ACC 557 TUTOR Education Terms/acc557tutor.com | Page 5

Question 16 The primary purpose of the statement of cash flows is to report Question 17 Retained earnings at the end of the period is equal to Question 18 A basic assumption of accounting assumes that the dollar is Question 19 All of the following are steps in analyzing ethics cases in financial reporting except Question 20 An accounting time period that is one year in length, but does not begin on January 1, is referred to as Question 21 Which of the statements below is not true? Question 22 Which of the following statements is nottrue? Question 23 A company spends $15 million dollars for an office building. Over what period should the cost be written off? Question 24