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Ngọc 31201022522 - Nguyễn Phan Bảo: Câu Hỏi

The document is a self-test quiz summary for Chapter 2 in accounting and finance. It shows the test taker got 3 out of 5 questions correct, scoring 3 points out of 5 total or 60%. It then lists the 5 multiple choice questions asked, showing whether the test taker's answer for each was correct or incorrect.

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NGỌC NGUYỄN PHAN BẢO
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115 views4 pages

Ngọc 31201022522 - Nguyễn Phan Bảo: Câu Hỏi

The document is a self-test quiz summary for Chapter 2 in accounting and finance. It shows the test taker got 3 out of 5 questions correct, scoring 3 points out of 5 total or 60%. It then lists the 5 multiple choice questions asked, showing whether the test taker's answer for each was correct or incorrect.

Uploaded by

NGỌC NGUYỄN PHAN BẢO
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Ngọc 31201022522 - Nguyễn Phan Bảo 

Nhà của tôi  Các khoá học của tôi  PTTC - FNC05 - ST3 - B1-407  Báo cáo tài chính và phân tích  Self test!!! Trắc nghiệm
chương 2

Bắt đầu vào lúc Chủ nhật, 19 Tháng 2 2023, 9:38 AM


Trạng thái Đã xong
Kết thúc lúc Chủ nhật, 19 Tháng 2 2023, 9:51 AM
Thời gian thực hiện 13 phút 36 giây
Điểm 3,00/5,00
Điểm 6,00 trên 10,00 (60%)

Câu Hỏi 1 Sai Đạt điểm 0,00 trên 1,00

All of the following are basic approaches to valuation except

a. income approach

b. cost approach

c. market approach

d. book value approach

Your answer is incorrect.


The correct answer is:
book value approach
Câu Hỏi 2 Đúng Đạt điểm 1,00 trên 1,00

The matching principle requires that:

a. assets will be matched to the liabilities incurred to purchase them

b. a proportion of each dollar collected will be assumed to be a recovery of cost

c. revenues earned and expenses incurred in generating those revenues should be reported in the same
income statement.

d. non-operating gains and losses should be netted against each other

Your answer is correct.


The correct answer is:
revenues earned and expenses incurred in generating those revenues should be reported in the same income
statement.
Câu Hỏi 3 Đúng Đạt điểm 1,00 trên 1,00

Byfort Company reports the following in its financial statements:

All sales are on credit.


How much sales would have been reported by the company in 2006 if Byfort used cash accounting and not
accrual accounting?

a. $488,900

b. $445,389

c. $454,611

d. $484,289

Your answer is correct.


The correct answer is:
$454,611
Câu Hỏi 4 Sai Đạt điểm 0,00 trên 1,00

Relevance, one of the desirable qualities of accounting information, implies:

a. the capacity of information should be based on market expectations

b. the capacity of information to affect a decision

c. the capacity of information should be based on five-year average historical data

d. that all companies should use same valuation methods such as LIFO and FIFO

Your answer is incorrect.


The correct answer is:
the capacity of information to affect a decision

Câu Hỏi 5 Đúng Đạt điểm 1,00 trên 1,00

Which of the following statements about accruals is true? 

a. Accrual income is less relevant than cash flow

b. Accruals cannot be manipulated.

c. Accruals are less reliable than cash flows

d. All accrual accounting adjustments are value irrelevant

Your answer is correct.


The correct answer is:
Accruals are less reliable than cash flows

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