Multiple Choice
Human resources are:
A) Valuable to the business but not owned or fully controlled by the business and as such not reportable as part of the wealth of the business
B) Valuable to the business and recorded in the statement of financial position
C) Valuable to the business but not recorded because they are difficult to quantify
Correct Answer:
Verified
Correct Answer:
Verified
Q9: All users of accounts have the same
Q10: The income statement records:<br>A) All cash transactions
Q11: Only managers use accounts.
Q12: Management are the only users of accounting
Q13: Accounting information should alway s be:<br>A) Precise
Q14: A company's annual report only contains the
Q15: Which of the following best describes accounting?<br>A)
Q16: The statement of financial position records:<br>A) Cash
Q17: Accounting only applies to businesses.
Q19: The income statement and the cash flow