BUS 401 - W1 Quiz

1.

Question :

Which is not one of the three principles that accrual accounting is based on?

Student Answer:

The matching principle

First-in, first-out inventory management

Revenue recognition

Depreciation of long-lived assets

Instructor Explanation:

The answer can be found in Section 2.1: A Review of Accounting.

Points Received:

1 of 1

Comments:

Question2.

Question :

Time is a factor when determining the value of a possible investment. As investors, all else being equal, we value investments:

Student Answer:

more the longer we have to wait for the payoff.

less the longer we have to wait for the payoff.

with predefined wait times for payoff.

regardless of time because a dollar is always a dollar.

Instructor...