In 2015, _____ Billion People Lacked Access to Basic Sanitation

question 79

Multiple Choice

In 2015, _____ billion people lacked access to basic sanitation.

• A) 1
• B) 2.3
• C) 3.6
• D) 5.2

Identify the principles of accrual accounting, including the recognition of revenues and expenses.

Recognize the definitions and treatment of prepaid expenses, accrued expenses, and deferred revenues.

Relate the effect of proper and improper adjustments on financial statements’ accuracy and completeness.

Understand the concepts of book value, depreciation, and the adjustment for depreciation.