Quiz-2-Ch-2-3-ACC563

Apr 30th, 2015
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Strayer University
Course: business and management
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1 out of 1 points Under Statement of Financial Accounting Concepts No. 2, which of the following is an ingredient of the primary quality of reliability? Answer Selected Answer: Verifiability Correct Answer: Verifiability

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Question 1 1 out of 1 pointsUnder Statement of Financial Accounting Concepts No. 2, which of the following relates to both relevance and reliability?Answer Selected Answer: MaterialityCorrect Answer: MaterialityQuestion 2 1 out of 1 pointsUnder Statement of Financial Accounting Concepts No. 2, which of the following is an ingredient of the primary quality of reliability?Answer Selected Answer: VerifiabilityCorrect Answer: VerifiabilityQuestion 3 1 out of 1 pointsWhich of the following organizations published the monograph titled A Tentative Statement of Accounting Principles Affecting Annual Corporate ReportsAnswer Selected Answer: AAACorrect Answer: AAAQuestion 4 1 out of 1 pointsUnder Statement of Financial Accounting Concepts No. 2, feedback value is an ingredient of the primary quality of RelevanceReliabilityA.NoNoB.NoYesC.YesYesD.YesNoAnswer Selected Answer: DCorrect Answer: DQuestion 5 1 out of 1 pointsWhich of the following organizations published the monograph titled A Statement of Accounting Principles?Answer Selected Answer: AIACorrect Answer: AIAQuestion 6 1 out of 1 pointsWhich of the following is not one of DR Scotts hierarchy of accounting postulates and principles?Answer Selected Answer: The materiality principleCorrect Answer: The materiality principleQuestion 7

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