1. which of the following would not appear directly on the statement of changes in equity?

- dividends declared

- net income

- service revenue

- beginning retained earnings balance

2. which of the following is not an external user of accounting data?

- economic planners

- finance directors

- customers

- labour unions

3. identify the accounting equation.

- A + E = L

- A + L = E

- A - L = E

- L = A + E

4. Purchasing a new building is an example of an

- delivery activity

- operating activity

- investing activity

- financing activity

5. To determine how much of a company's cumulative income has been disturbed to its shareholders, one would refer to the

- statement of financial position

- statement of cash flows

- statement of changes in equity

- notes to the financial statements