Question Details

Expensing the cost of copy paper when the paper is acquired is an example of which constraint 



1.	Which of the following is a constraint in presenting financial information?
a.	Materiality.
b.	Full disclosure.
c.	Relevance.
d.	Consistency.

2.	All of the following represent costs of providing financial information except
a.	preparing.
b.	disseminating.
c.	accessing capital.
d.	auditing.

	3.	Which of the following are benefits of providing financial information?
a.	Potential litigation.
b.	Auditing.
c.	Disclosure to competition.
d.	Improved allocation of resources.

	4.	Where is materiality not used in providing financial information?
a.	Applying the revenue recognition principle.
b.	Determining what items to include in the financial statements.
c.	Applying the going concern assumption.
d.	Determining the level of disclosure.

	5.	Expensing the cost of copy paper when the paper is acquired is an example of which constraint ?
a.	Materiality.
b.	Cost-benefit.
c.	Conservatism.
d.	Industry practices.




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help