Question 23. Question: Increases in retained earnings from a company ' s earnings activities are:
Assets
Revenues Liabilities Stockholder ' s Equity Expenses
Question 24. Question: Which of the following accounting principles dictates when expenses are recognized?
Revenue recognition principle
Monetary unit principle Business entity principle Matching principle Full disclosure principle
Question 25. Question: Prepaid expenses are: Payments made for products and services that do not ever expire Classified as liabilities on the balance sheet
Question 23. Question: Increases in retained earnings from a company ' s earnings activities are:
Assets
Revenues Liabilities Stockholder ' s Equity Expenses
Question 24. Question: Which of the following accounting principles dictates when expenses are recognized?
Revenue recognition principle
Monetary unit principle Business entity principle Matching principle Full disclosure principle
Question 25. Question: Prepaid expenses are: Payments made for products and services that do not ever expire Classified as liabilities on the balance sheet