1 . Which of the following is an advantage of corporations relative to partnerships and sole proprietorships ?
2 . The group of users of accounting information charged with achieving the goals of the business is its
3 . Which of the following financial statements is cornered with the company at a point in time ?
4 . An income statement
5 . The most important information needed to determine if companies can pay their current obligations is the
6 . A liquidity ratio measures the
7 . The convention of consistency refers to consistent use of accounting principles
8 . Horizontal analysis is also known as
9 . Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time
10 . Vertical analysis is a technique that expresses each item in a financial statement
11 . Process costing is used when 12 . An important feature of a job order cost system is that each job 13 . In a process cost system , product costs are summarized :
14 . An activity that has a direct cause-effect relationship with the resources consumed is a ( n )
15 . Activity-based costing