1- The United States and the international standard-setting
environment are primarily driven by meeting the needs of
tax authorities.
investors and creditors.
academic researchers.
central government planners
2-
- If the retained earnings account increases from the beginning of the
year to the end of the year, then
net income is less than dividends.
a net loss is less than dividends.
the company must have sold stock.
net income is greater than dividends
3-
-If an individual asset is increased, then
there must be an equal decrease in a specific liability.
there must be an equal decrease in stockholders’ equity.
there must be an equal decrease in another asset.
any of these is possible
4-The accounting process is correctly sequenced as
identification, recording, communication.