1- All of the capital market accounting research finds significant effect of accounting disclosures on the stock price

Select one:

a. True

b. False

2- Exploration costs ,Select one:

a. Must be capitalized under both methods

b. Can be capitalized under successful effort method and must be capitalized under full cost method

c. must be expensed under both methods.

d. Must be expensed under full cost method and must be capitalized under successful effort method

3- Which one of the following statements in terms of partnership is correct?

Select one:

a. The life of the partnership is unlimited

b. Dissolution means the business of the partnership is ended

c. Liquidation means the business of partnership is ended

d. None of the answers

4- Replacement cost is

Select one:

a. None of the answers.

b. The amount of loss that a business would suffer if an asset could no longer be used.

c. The amount of cash that has to be paid to replace an asset with a brand new one.

d. The amount of cash paid to acquire an asset at the time of its acquisition.

Please answer all questions.