ACC341 - Topic 4

Descrição

Quiz sobre ACC341 - Topic 4, criado por mentor em 15-09-2014.
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Criado por mentor
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Criado por mentor aproximadamente 12 anos atrás
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Resumo de Recurso

Questão 1

Questão
The ranking of items in a balance sheet by liquidity is an example of what type of scale?
Responda
  • Ordinal
  • Nominal
  • Interval
  • Ratio

Questão 2

Questão
What is the key advantage a ratio scale has over an interval scale?
Responda
  • Equal units
  • Equal gaps between units
  • A neutral zero point
  • Rank order

Questão 3

Questão
Which of the following is a characteristic of fiat measurement:
Responda
  • Consistency
  • Arbitrary definitions
  • Accuracy
  • Reliability

Questão 4

Questão
Accounting is best described as a form of:
Responda
  • Fundamental measurement
  • Derived measurement
  • Ratio measurement
  • Fiat Measurement

Questão 5

Questão
Reliability in measurement is best exhibited by which of the following accounting methods:
Responda
  • Continuously Contemporary Accounting
  • Historical Cost Accounting
  • Fair values
  • Present values