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Question 13 (3 points) When analysing transactions we ask what happened, which accounts will we use, and how is the equation affected. FALSE TRUE

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Question 13 (3 points) When analysing transactions we ask what happened, which accounts will we use, and how is the equation affected. FALSE TRUE Question 14 (4 points) Generally accepted accounting principles (GAAP) includes the rules and procedures hat accountants use. FALSE TRUE Question 15 (4 points) Revenue is not recognized (recorded) unless delivery of goods has occurred or services have been completed. FALSE TRUE Question 16 (4 points) he primary purpose of financial accounting is to gather, process, and communicate financial information about the individual owner of a business to interested users. DO FALSE TRUE

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