12. Which Principle of the AICPA Code of Professional Conduct is: As a member one should continually strive to improve competence and the quality of services, observe all technical and ethical standards, and provide professional responsibility to the best of his/her ability?

Due Care

The Public Interest

Scope and Nature of Services

Responsibilities

13. Which Principle of the AICPA Code of Professional Conduct is: A member, as a professional, should exercise sensitive and moral judgments in all their activities?

Responsibilities

Due Care

Objectivity and Independence

Integrity

36. Which of the following is a reason why companies use special journals?

to provide for a chronological listing of similar transactions

to reduce the time needed to complete the various accounting activities

to divide the accounting task

All of these choices are reasons why companies use special journals.

42. The SEC requires listed companies to report changes in shareholder's equity and ending balances as a separate financial statement, but smaller companies may report this information in a supporting schedule or as a note.

True

False

Answer (e) from picture.

e. Statement of Financial Accounting Concepts No. 8 describes the relationship between and decision- useful information. dropdown concepts Decision usefulnes ive of f. accounting informatio predictive value The fundamental chai qualitative characteristics rules g. information are reley faithful representation