[benipald3]

Can somebody help with these four questions
1. Which of the following is not an internal event
A. Amortization
B. using raw materials in the production process
C. dividend declaration and subsequent payment
D. all of the these
I think is d

2.An example of transaction is

A. the receipt of cash from a customer prior to performing service
B. the recording of amortization
C. the accrual or salaries owed
D. all of these

I think its d

3.Why are certain cost of doing business capitalized when incurred and then amortized over subsequent accounting cycles
A to reduce income tax liability
B to adhere to the accounting constraint of conservatism
C to aid management in cash flow analysis
D to match the cost of production with revenue as earned

4.Some events are not recorded in the accounting information because
A amounts are not material
B the service has not been provided yet but cash is received
C the problem measuring them is too complex
D all of these

[decisionsupport]

q3 - you depreciate capital assets by observing the matching principle of GAAP.