1. Introduction to Accounting

Which two functions are considered primary activities in financial accounting?

Which of the following usually is not classified as a long-term asset?

Which of the following are the three main elements that affect overall financial planning in accounting?

Which of the following types of accounting is primarily concerned with the valuation and reporting of inventory (stock) in financial statements?

Which of the following is a permanent account?

In financial accounting, brands are considered intangible assets. Which of the following entities can legally own brands?

In the context of accounting, data scientists can help businesses achieve their goals by:

Which of the following types of bond mutual funds primarily invest in tax-exempt securities?

Which of the following is an example of work-in-process inventory for an automobile company?

Which type of accounting would most likely record the additional costs incurred after purchasing a computer, such as installation and setup fees, as part of the asset's value?

A savings account is primarily used for ___________.

Which of the following statements is true regarding financial accounting?

Which type of accounting most commonly deals with the classification and allocation of factory overhead, which includes all manufacturing costs except direct materials and direct labor?

Which of the following is classified as a liability account?

All of the following statements about bank accounts are true except: