Accounting Knowledge Assessment Pre-Test FA22UDG Accounting 1

The field of accounting may best be described as:

The art of interpreting, measuring, and describing economic activity.
Financial assets include all of the following except:

Inventories.
Which of the following is not considered an acceptable inventory cost method according to GAAP?

First-in, last-out.
Which of the following items would be included in the discontinued operations section of the income statement?

Both the income or loss from operating the segment prior to its disposal, and the gain or loss on disposal of the segment.

Author

WatchOnOdysee1

359298

Card Set

Accounting Knowledge Assessment Pre-Test FA22UDG Accounting 1

Description

Accounting Knowledge Assessment Pre-Test FA22UDG Accounting 1

Updated

2022-09-10T23:02:07Z

Show Answers