CHAPTER 1

THE DEVELOPMENT OF THE ACCOUNTING PROFESSION

1-1.
1. e 6. f
2. a 7. i
3. g 8. a
4. b, d 9. b, c
5. f 10. h
1-2.
1. g 6. f, k 11. o
2. k 7. d 12. h
3. r 8. a 13. u
4. p 9. e 14. i
5. t 10. j 15. p
MULTIPLE CHOICE QUESTIONS
Theory
MC1 C MC11 B MC21 C MC31 A
MC2 D MC12 C MC22 C MC32 C
MC3 B MC13 C MC23 C MC33 A
MC4 B MC14 C MC24 B MC34 A
MC5 B MC15 D MC25 C
MC6 C MC16 C MC26 C
MC7 B MC17 A MC27 A
MC8 C MC18 C MC28 D
MC9 A MC19 D MC29 C
MC10 C MC20 D MC30 D