ACC 561 week 6 final Exam

ACC 561 Week 6 Finals.  ( All 30 Mcq, March 2014, latest)

1.    Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?

2.    The group of users of accounting information charged with achieving the goals of the business is its

3.    Which of the following financial statements is concerned with the company at a point in time?

4.    An income statement

5.    The most important information needed to determine if companies can pay their current obligations is the

6.    A liquidity ratio measures the

7.    The convention of consistency refers to consistent use of accounting principles

8.    Horizontal analysis is also known as

9.    Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time

10.  Vertical analysis is a technique that expresses each item in a financial statement