QUESTION 31

A company's Sales Revenue for an accounting period would be included in:

Select one:

a.Comprehensive Income

b.Other Comprehensive Income

c.Both Comprehensive Income and Other Comprehensive Income

d.Neither Comprehensive Income nor Other Comprehensive Income

Question32

The disclosure of income tax effects based on the item causing the tax effect is named:

Select one:

a.Cost Principle

b.Matching Principle

c.Intra-period tax allocation

d.Inter-period tax allocation

e.Full Disclosure Principle

Question33

Which is a typical result of a declaration and distribution of a stock dividend butnota declaration and payment of a cash dividend?

Select one:

a.Retained Earnings decreases

b.Common Stock account increases

c.Net Income decreases

d.Liabilities increase

e.Liabilities decrease