Within the United States, which of the following organizations has the primary responsibility for developing accounting standards?
a. IASB
b. FASB
c. SEC
d. None of these choices.
b
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Elements that are likely to explain how are thinking impacts our behavior include?
a. Beliefs, behaviors, and self-talk b. Beliefs, imagined experiences, and thought patterns c. Beliefs, imagined experiences, and behaviors d. Thought patterns, behaviors, and self-talk
Which balance sheet accounts are most affected by operating activities?
a. Current assets and current liabilities b. Long-term assets c. Long-term liabilities d. Stockholders' equity.
The accounting equation is:
a. owners’ equity + assets = liabilities b. assets = owners’ equity – liabilities c. liabilities + assets = owners’ equity d. owners’ equity – assets = liabilities e. assets = liabilities + owners’ equity
The journal entry for accrued interest on a note payable includes ________
A) a debit to Interest Expense and credit to Cash B) a debit to Interest Expense and credit to Interest Payable C) a debit to Interest Payable and credit to Cash D) a credit to Interest Expense and debit to Notes Payable