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Book Cover
Financial and Managerial Accounting: The Basis for Business Decisions, 12/e
Jan R. Williams, University of Tennessee
Susan F. Haka, Michigan State University
Mark S. Bettner, Bucknell University
Robert F. Meigs
The Accounting Cycle: Reporting Financial Results

True/False Quiz

Please answer all questions



1

Each year the FASB issues a comprehensive list of the information that must be disclosed in notes to the financial statements for each industry.
A)True
B)False
2

In a worksheet prepared at year-end, the number of account titles applicable to the Adjusted Trial Balance columns is usually greater than the number of account titles applicable to the Trial Balance columns.
A)True
B)False








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