1. Introduction to Accounting

Which of the following costs are reported on both a company's income statement and balance sheet?

Based on the following table showing the assets and liabilities of the Smith family in 2005 and 2009, which financial statement would best summarize the family's financial position at each of these dates?

Financial statements are typically prepared in the following order:

In testing the existence assertion for an asset, an auditor ordinarily works from the:

Which of the following is NOT one of the four basic financial statements?

Which of the following are typically included in the three heading lines of a financial statement?

Which of the following sections are included in the statement of cash flows?

Which of the following accounts does NOT appear on the balance sheet?

Which financial statement summarizes what a company owns and owes on a particular date?

Which of the following is a proper income statement classification of contingent events?

The statement of stockholders' equity reports changes in which of the following amounts?

The order in which liabilities are reported on the balance sheet is based on when the liability is:

Which of the following items should be included in the heading of a balance sheet?

Which of the following is NOT a balance sheet account?

Which of the following pieces of information is typically found on a purchase invoice?