Which of the following principles states that a business's financial statements must report enough information for outsiders to make knowledgeable decisions about the company?
A) conservatism
B) materiality concept
C) disclosure principle
D) consistency principle
C) disclosure principle
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Venture Enterprises' accountant determined the following: Common stock, $0.01 par value $50,000 Where would this item be reported on Venture's financial statements?
a. In the Stockholders' Equity section of the balance sheet b. In the Treasury Stock section of the balance sheet c. On the statement of retained earnings d. On both the balance sheet and statement of retained earnings
The use of audit software makes the audit of the revenue cycle more effective, but not more efficient
a. True b. False Indicate whether the statement is true or false
What is the major advantage of the accounting rate of return relative to the other techniques that can be used to evaluate capital projects?
The________rule requiresthat an acceptance of an offer must not change any of the terms or conditions ofthe offer
Fill in the blanks with correct word