Question
What are generally accepted accounting principles? a set of globally accepted accounting standards for public companies accounting rules and standards used only for private companies
What are generally accepted accounting principles?
| a set of globally accepted accounting standards for public companies | ||
| accounting rules and standards used only for private companies | ||
| the former financial accounting rules and standards for accountants in Canada | ||
| what is taught in accounting courses |
Which of the following is the correct order for information shown on the balance sheet?
| assets, owners' equity, liabilities | ||
| owners' equity, financial position, assets | ||
| assets, liabilities, owners' equity | ||
| owners' equity, assets, liabilities |
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285866304, 978-1285866307
