Multiple Choice
Complete the following using the terms listed.
-A financial record of a company's revenues,expenses,and profits over a specific period of time is called the _____.
A) certified public accountant
B) International Financial Reporting Standards
C) asset
D) liability
E) Owners' equity
F) accounting equation
G) balance sheet
H) income statement
I) Sarbanes-Oxley Act (SOX)
J) accrual accounting
K) open book management
L) budget
M) generally accepted accounting principles (GAAP)
N) Financial Accounting Standards Board (FASB)
O) profitability ratios
P) International Accounting Standards Committee (IASC)
Q) Leverage ratios
R) management accountant
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Accountants play a role in all three
Q14: Complete the following using the terms listed.<br>-The
Q17: Haley is a corporate certified public accountant
Q21: Last year,a firm had a current ratio
Q22: Define GAAP and explain its purpose.
Q89: Which of the following is an accounting
Q104: Profitability ratios measure a firm's ability to
Q105: Few not-for-profit organizations publish financial information since
Q111: Financing activities focus on providing valuable assets
Q240: The balance sheet is based on the