27. Which is a temporary account? ____

1. Cash
2. Accounts Receivable
3. Insurance Expense
4. Accounts Payable
5. Notes Payable

28. Audit opinions cannot be classified as which of the following? _____

1. All-purpose
2. Disclaimer of opinion
3. Adverse opinion
4. Qualified opinion
5. Unqualified opinion This item need not be provided with a complete set of financial statements: _____
6. 1. A 20-year summary of operations
   2. Note disclosure of such items as accounting policies
   3. Balance sheet
   4. Income statement
   5. Statement of cash flows

7. What is the underlying concept that supports the immediate recognition of loss? _______ a. Matching

   2. Consistency
   3. Judgment
   4. Conservatism
   5. Going concern