MGT 5000 Quizzes | Questions and Answers | 2025 Update | 100% Correct.

MGT 5000 Quizzes | Questions and
Answers | 2025 Update | 100% Correct.

Results
Cheryl Guckian
Assessment Statistics
90%
90 out of 100 points
90
Out of 100 points
Time for this attempt: 9 minutes 40 seconds
9 minutes 40 seconds09:40
Time for this attempt
Your Answers:
Results for question 1.
1
points
Accounting can be categorized as either financial or managerial?
Correct answer:
True
False
Results for question 2.
2
points
Form 10-K is filed with the applicable state agency each year?
True
Correct answer:
False
Results for question 3.
3
points
The balance sheet is referred to as the statement of financial position?
Correct answer:
True
False
Results for question 4.
4
points
The accountant's equation is defined as assets + liabilities = owners' equity?

,True
Correct answer:

, False
Results for question 5.
5
points
Corporations have the disadvantage of double taxation?
Correct answer:
True
False
Results for question 6.
6
points
Sole proprietorships have limited liability?
True
Correct answer:
False
Results for question 7.
7
points
Common stock is typically isssued at par value?
True
Incorrect answer:
False
Correct Answer:True
Results for question 8.
8
points
The board of directors is elected by management?
True
Correct answer:
False
Results for question 9.
9
points
Most auditor opinions are unqualified?
Correct answer:
True
False
Results for question 10.
10
points