1.Accounting standards in the United States have been developed by all except: Select one: a. American Institute of CPAs b. Financial Accounting Standards board c. Independent Accounting Corporation d. Securities and Exchange Commission (SEC) e. Internal Revenue Service (IRs)

2.accounting Standards and concepts used in preparation of financial statements include all except: Select one: a. usage and contribution b. historical costs c. conservatism d. consistency e. comparability

3.

Financial statements include the following concepts except:

Select one:

a. assets

b. liabilities

c. own

e. pro bono activity

d. financial position

4.

The income statement shows all except:

Select one:

a. revenue

b. expenses

c. net income

d. cash flows

e. net loss

5.

Assets on the balance sheet include all except:

Select one:

a. cash

b. accounts receivable

c. specialized personnel

d. office supplies

e. office equipment

6.

Statement of cash flows and cash flows analysis answers all except:

Select one:

a. is the company growing

b. will the company be able to meet its financial obligations

c. where did the company obtain its funds

d. what use was made of net income

e. who benefited from excess profits

8.

The statement of cash flows classifies all except:

Select one:

a. cash receipts

b. cash payments into illegal activities

c. cash payments into operating activities

d. cash payments into investing activities

e. cash payments into financing activitie

e. pro bono activity