Access over 20 million homework & study documents

search

FIN200 multiple choice questions use it as a guide only3.docx

Subject

Business

Type

Homework

Rating

Showing Page:
1/84
WEEK2 QUIZ
The partnership form of an organization
A
.
has
unlimi
ted
life.
B
.
avoids
the
double
taxatio
n of
earnin
gs and
divide
nds
found
in the
corpor
ate
form
of
organi
zation.
C
.
usuall
y
provid
es
limite
d
liabilit
y to
the
partne
rs.
D
.
simpli
fies
decisi
on
makin

Sign up to view the full document!

lock_open Sign Up
g.
2) The Sarbanes-Oxley Act was passed in an effort to
A
.
guarante
e outside
auditors
can
control
corporat
e
accounti
ng
practices
.
C
.
ensure
that
partners
hips
divide
profits
among
partners
in a fair
manner.
D
.
control
corrupt
corporat
e
behavior
.
The primary disadvantage of accrual accounting is that
A
.
it does
not
recogn
ize
accou
nts
receiv
able.

Sign up to view the full document!

lock_open Sign Up
B
.
it does
not
match
revenu
es and
expens
es in
the
period
in
which
they
are
incurr
ed.
D
.
it does
not
adequ
ately
show
the
actual
cash
flow
positio
n of
the
firm.
4) A firm's purchase of plant and equipment would be considered a
A
.
source
of cash
for
investm
ent
activitie
s.
B
.
use of
cash for

Sign up to view the full document!

lock_open Sign Up
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Awesome! Made my life easier.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4