B.Multiple Choice 1. Historical Cost basis: the company records and reports its assets at the value of a. appraisal value. b. cost. c. market price. d. current value. 2 Which of the following events cannot be measured in monetary terms and is not recorded? as an accounting transaction a. Discussion of cooperation contracts with business partners, b. Purchase of a new computer c. Shop Equipment Sales. d. Debt repayment 3. For companies, shares are? a. Company capital. b. Company debt. c. Company wealth. d. Company investment 4. Financial statements showing Assets, Liabilities (liabilities) and Equity a. Notes to Financial Statements b. Cash Flow Statement c. Income statement d. Financial Position 5. Are the following transactions included in the Income Statement (IS), Statement of Financial Position (FP), Retained Earning Statement (RE), atatu Comprehensive Income Statement (CI): a. Other Comprehensive Income b. Salaries expense c. Share Capital Ordinary d. Acount Payable e. Dividend f. Service Revenue