Multiple choice question. please answer all for a like thank you

Question 8

According to the time value of money principle

a. none of these

b. cash flows received later rather than earlier are in order

c. money should at all times be invested to earn a return

d. all of these

e. there is an opportunity cost involved in waiting to receive an amount of money

Question 9

Applying the same methods and procedures from period to period is an accounting principle:

a. True

b. False

Question 10

The double-entry system refers to always having credit for credit entries

a. True

b. False

Question 11

Creditors are interested in determining the credit worthiness of the business firm, meaning:

a. for issuing credit ratings

b. all of these

c. its ability to repay funds

d. none of these

e. to make the right decisions to accomplish set objectives

Question 12

According to the historic cost the price of an asset on the balance sheet is based on its current cost:

a. False

b. True

Question 13

Owners of a limited company are called

a. Members

b. Shareholders

c. Partners

d. Sole traders

Question 14

Conservatism Principle refers to:

a. no overstating or understating business affairs resulting from operations

b. apply the same methods and procedures from period to period

c. only declare losses and not profits

d. only consider transactions in current period

Question 15

Current assets are not easily convertible to cash

a. False

b. True