3 Questions
Which of the following is an example of an intangible asset in accounting?
Patents and trademarks
What is the formula to calculate Return on Investment (ROI) in accounting?
Net Profit / Shareholders' Equity
Which accounting principle states that expenses should be recognized in the same period as the revenues to which they relate?
Matching principle
Test your knowledge of accounting with this 12-question paper for the second mid-term. Evaluate your understanding of intangible assets, Return on Investment (ROI) calculation, and accounting principles. Perfect for students and professionals looking to sharpen their accounting skills.
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