1. Which of the following statements would be true if you own stock in a company? You are an owner of the retained earnings and capital stock of the company. You have a claim to the assets of the business You have the right to receive interest on an annual basis. d. You have the right to a portion of the company’s revenues each accounting period.
2. An accountant describes the effects of an economic event on an entity by recording the transaction and reporting the amount on the financial statements. What is this called? Measurement Recognition Disclosure Matching.