ACC 280 Final Exam (10th Set) 33 Questions

True/False Questions


1. Accounting information is used only by external users with a financial interest in a business enterprise.
A.) True
B.) False



2. The dividends account is a subdivision of the returned earnings account and appears as an expense on the income statement.
A.) True
B.) False



3. Information is relevant if it provides a basis for predicting future earnings.
A.) True
B.) False
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