Multiple Choice
Accounting consists of three basic activities which are related to economic events of an organization. These include
A) identifying, recording, and communicating
B) identifying, calculating, and responding
C) classifying, numbering, and reporting
D) issuing, reporting, and classifying
Correct Answer:

Verified
Correct Answer:
Verified
Q36: The United States and the international standard-setting
Q79: The primary purpose of the statement of
Q120: Accountants record both internal and external transactions.
Q131: A partnership must have more than one
Q139: Ted Leo is the proprietor (owner) of
Q143: Stockholders' equity is decreased by all of
Q146: Kennedy Company issued stock to Ed Kennedy
Q148: For the items listed below, fill in
Q187: The concern about international companies adopting SOX-type
Q226: Liabilities<br>A) are future economic benefits.<br>B) are existing