《会计学原理》英文版-考试复习练习(1-4章)资料.docxVIP

精品文档 精品文档 精品文档 精品文档 Accounting is an information system that: Identifies business activities. Records business activities. Communicates business activities. Helps people make better decisions. All of these. Creditors claims on the assets of a company are called: Net losses. Expenses. Revenues. Equity. Liabilities. The excess of expenses over revenues for a period is: Net assets. Equity. Net loss. Net income. A liability. On June 30 of the current year, the assets and liabilities of Phoenix Phildell are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; A