10.

The information content of accounting numbers theory was developed based on

a.

Negative theory

b.

Large theory

c.

Positive theory

d.

Normative theory

11.

ECONOMICS + STATISTICS = -----

a.

Sociometrist

b.

Biometrics

c.

Geometric

d.

Econometric

12.

Warranty liability account is

a.

Non-monetary assets

b.

Non-monetary liability

c.

Monetary liability

d.

Monetary assets

Clear my choice

13.

Copying accounting methods and procedures from practice to textbooks is based on

a.

Normative approach

b.

Deductive approach

c.

Prescriptive approach

d.

Positive approach

14.

The international accounting standard that related to inflation is

a.

IAS 29

b.

IAS 2

c.

IAS 28

d.

IAS 23

15.

Nonmonetary assets do not include

a.

Inventory

b.

Equipment

c.

Fixed assets

d.

Account receivables

16.

19.

---------- is not an example of a monetary item.

a.

Cash

b.

Receivables

c.

Payables

d.

Fixed assets