GB 518 RANK Motivated Minds/gb518rank.com GB 518 RANK Motivated Minds/gb518rank.com | Page 54

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: