Assessment Statistics Chap1-1 Due on 9/2 http://blackboard.millersville.edu/webapps/assessment/stats/stats.jsp...1 of 2 9/26/05 2:42 PMAssessment Statistics Chap1-1 Due on 9/2Name: Chap1-1 Due on 9/2Average Score: 4.72Number of Attempts: 25Number of Graded Attempts: 25Number of Attempts Needing Grading: 0Instructions: This quiz may be taken only once Question 1 Multiple Choice Average Score 0.96 points The financial statements most frequently provided include all of the following except theCorrect Answers Percent Answeredbalance sheet. 0.0%statement of cash flows. 4.0%statement of retained earnings. 96.0%statement of stockholders' equity. 0.0%Unanswered <0.0% Question 2 Multiple Choice Average Score 1 points Challenges facing financial accounting include all of the following exceptCorrect Answers Percent Answeredforward-looking information. 0.0%financial measurements. 100.0%soft assets. 0.0%timeliness. 0.0%Unanswered <0.0% Question 3 Multiple Choice Average Score 0.88 points All of the following are objectives of financial reporting except to provide informationCorrect Answers Percent Answeredabout enterprise resources, claims to those resources, and changes inthem.0.0%that is useful in investment and credit decisions. 4.0%about the management and major shareholders of an enterprise. 88.0%that is useful in assessing cash flow prospects. 8.0%Unanswered <0.0% Question 4 Multiple Choice Average Score 1 points The term GAAP meansCorrect Answers Percent AnsweredGenerally Accepted Accounting Practices. 0.0%Generally Accepted Accounting Principles. 100.0%Assessment Statistics Chap1-1 Due on 9/2 http://blackboard.millersville.edu/webapps/assessment/stats/stats.jsp...2 of 2 9/26/05 2:42 PM Question 4 Multiple Choice Average Score 1 points The term GAAP meansCorrect Answers Percent AnsweredGenerally Accepted Accounting Practices. 0.0%Generally Accepted Accounting Principles. 100.0%Generally Accepted Auditing Practices. 0.0%Generally Accepted Accounting Purposes. 0.0%Unanswered <0.0% Question 5 Multiple Choice Average Score 0.88 points The most authoritative source of GAAP among the following is FASBCorrect Answers Percent AnsweredEmerging Issues Task Force Statements. 4.0%Implementation Guides. 8.0%Interpretations. 88.0%Technical Bulletins. 0.0%Unanswered