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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 755 |
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must end on the last day of a month.
10. Which of the following is not a principal form of business organization?
a. Partnership.
b. Sole proprietorship.
c. Limited unregistered business.
d. Corporation.
e. None of these.
11. Which of the following entities would not require accounting information pertaining to their economic activities?
a...
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Social clubs.
b. Not-for-profit entities.
c. State governments.
d. All of these require accounting information.
e. None of these requires accounting information.
12. Which of the following is not an objective of financial reporting described in FASB Concepts Statement No. 1?
a. To provide information about how management of an enterprise has discharged its stewardship responsibility to owners...
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