1. in Making a forecast the accountant minimizes expected revenues and maximizes expected expenses this generally accepted accounting principle is. A. materiality B. going concern C. monetary concept D. conservatism

2. Accounting reports are prepare for and pertain to specific entities this generally accepted accounting principle is. A. matching B. economic entity C. reliability D. conservatism

3. Of a port showing recent inventory levels with sent by Jane Thompson to her manager this is an example of A tax accounting B financial accounting C managerial accounting D None

4. an inventory level forecast is an example of A tax accounting B managerial accounting C financial accounting D none

5. Academic accountants are members of which are the following associations A. FASB B. AAA C. CASB D. SEC

6. If to estimate of Receipts are equally likely the lesser amount should be reported. This generally accepted accounting principle is A. going concern B. matching C. monetary concept D. none

7. On the balance sheet adjusted cost of equipment equals acquisition less A. original cost B. depreciation C. maintainance D. none

8. to increase a liability account use a A. debit entry B. credit entry C. neither

9. Brown LLC has PP and E (net) of 250 on 12/31/15 and 230 on 12/31/14. Depreciation for 2015 is 240. acquisitions net of dispositions for 2015 is A. 300 B. 310 C. 320 D. none