• 2021-04-14
    A ____________________ helps in preparing financial statements, is useful in preparing interim statements, and is helpful in showing the effects of proposed transactions.
  • work sheet

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    • 0

      The responsibilities of management include A: preparing for financial statements B: establishing effective internal control over financial reporting C: compliance of regulations of companies D: compliance with auditing standards

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      Read the following statements about preparing a resume and tickle the ones which you agree. When you preparing a resume, you should:

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      The rules adopted by the accounting profession as guides in preparing financial statements are: A: Comprised of both general and specific principles. B: Known as generally accepted accounting principles. C: Abbreviated as GAAP. D: Intended to make information in financial statements relevant, reliable, and comparable. E: All of these.

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      Which of the following statements about financial statements and reporting standards is least accurate() A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Reporting standards ensure that the information in financial statements is useful to a wide range of users.

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      Accounting cycle usually can be divided into the following steps:(1) from source documents.(2)Applying double-entry system to .(3) the entries in the journals into the general(and the subsidiary) ledger accounts.(4) the general ledger accounts.(5) ,journalizing and posting them into ledger accounts.(6)Preparing a .(7)Preparing . A: Analyzing transactions B: record transactions in journals C: Posting D: Adjusting E: Making closing entries F: trial balance G: financial statements