1. Introduction to Accounting

Each of the following are classified as an operating activity except:

Which of the following best describes what an allocation base should be in accounting?

Which of the following is an example of managerial accounting?

Which type of accounting reports typically use both internal and external data sources?

Which of the following is an example of using unsecured credit?

Which type of accounting includes any activity related to making a product?

When opening a margin account, a customer is not required to sign which of the following documents?

Which of the following best describes the main idea of credit cards in the context of accounting?

Which of the following is NOT typically considered one of the main types of accounting?

Which of the following is a reason why savers work through financial institutions to lend money to investors?

If an options contract is exercised, which of the following statements is true?

Which type of accounting is primarily concerned with planning and promoting the sale of goods or services by advertising them or displaying them attractively?

Which type of account typically requires money to be deposited for a fixed period, during which it cannot be withdrawn without penalty?

Which of the following is NOT considered an asset in financial accounting?

Which of the following is true about accounting careers?