What is the stable-monetary-unit concept?
A.It is the prime means of measuring assets.
B.It is the common denominator in business transactions.
C.It is an orderly basis for handling account balances to produce the financial statements.
D.It is monetary terms in accounting information.
The concept discussed in the passage is actually the ______.
A. traditional beliefs among people living in different areas
B. results of certain study on people living in different climate zones
C. belief that has no longer accepted by most of people
D. study done by Ellsworth Huntington alone
A._parent <当前页>
B._self
C._top
D._blank<空白页>
Which of the following can best serve as the title of this passage?
A.The Development of the Concept of Literature
B.The Development of Modern Concept of Literature
C.The Development of Literature
D.The Development of Literacy
(1) The entity concept requires that a business is treated as being separate from its owners.
(2) The use of historical cost accounting tends to understate assets and profit when prices are rising.
(3) The prudence concept means that the lowest possible values should be applied to income and assets and the
highest possible values to expenses and liabilities.
(4) The money measurement concept means that only assets capable of being reliably measured in monetary terms
can be included in the balance sheet of a business.
A 1 and 2
B 2 and 3
C 3 and 4
D 1 and 4
In bringing up the concept of GASP the author is making the point that ______ .
A.shareholders' interests should be properly attended to.
B.information protection should be given due attention.
C.businesses should enhance their level of accounting security.
D.the market value of customer data should be emphasized.
What is the short-coming of the concept?
A.The accountant has to restate the assets and liabilities on the balance sheet.
B.It is difficult to compare the balance sheets of different companies.
C.The balance sheet can not reflect the precise worth of the assets and liabilities.
D.Another company will not decide whether to buy the piece of land.
The word “cognition” in the last paragraph refers to __________.
A. concept
B. thinking
C. instinct
D. distinction