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10 points QUESTION 9 The organization(s) primarily responsible for establishing generally accepted accounting principles is(are) the FASB SEC O a no O b.yes . no yes O d.yes yes no no Question Completion Status: QUESTION 10 10 point Which of the following events is not a business transaction? a. Issuance of stock in exchange for cash Ob. Hired employees O c. Incurred utility expenses for the month O d. Earned revenue for services provided QUESTION 14 Owner's equity is best depicted by the following: O a. Assets = Liabilities. O b. Liabilities + Assets. Oc Residual equity + Assets. O d. Assets - Liabilities. * Question Completion Status: QUESTION 11 10 points A small neighborhood barber shop that is operated by its owner would likely be organized as a O a joint venture. O b.partnership O c. corporation. Od proprietorship. nt AREAS QUESTION 13 10 points sive A private accountant can perform many activities in a business organization but would not work in O a budgeting Ob accounting information systems. O external auditing. Od tax accounting. me to me all ansies Save All AS Save and QUESTION 12 1 Sources of increases to stockholders' equity are O a.additional investments by owners. Ob.purchases of merchandise. Oc dividends. O d.expenses

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