1. One of the following is an assumption (2 points) Materiality Matching Going concen O Relevance 2. One of the following is constraint (2 points) O Liabilities Measurement Reliability Conservation 3. One of the following is enhancing quality (2 points) Neatrality Relevance O Venaby Predictive valor 4. if 20 units of a good can be purchased by 4JDs in Jan.1.2018, assuming the initiation during 2018 reflected prices of all goods and services. At Deca1,2018 the 41s purchased only 15 units of the good then general price index equal 2 points) 127 14 13 20 Uride GAAP, revenue should be recognized when the revenue has been came and has been reached or disable Points) 5. Under GAAP, revenue should be recognized when the revenue has been earned and revenue has been realized or it is realizable (2 points) True False 6. The primary objective of a financial accounting is to provide information useful to creditors in making predictions about enterprise performance (2 Points) True Talse 7. Psychic income is difficult, because the human wants are not quantifiable and are satisfied on various levels (2 points) True False 8. Money income is easily measured and take into consideration changes in the value of monetary unit (2 points) True Tako 9. Economists have focused on the determination of (2 Points e Paychicino Money income Fincome come 10. A Compt of capital maintenance is critical to distinguish between ( Points done Real income 10. A concept of capital maintenance is critical to distinguish between: (2 points) Cash in and Cashout Cath in and Return on Return of and Retum on Return of and Cath in 11. The primary difference between physical capital maintenance and financial capital maintenance lies in the treatment of holding gains and losses (2 points) False Next 07 SA