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Financial Accounting (BUS 302L) Questions and Answer | Latest Update 2024/2025 $14.09   Add to cart

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Financial Accounting (BUS 302L) Questions and Answer | Latest Update 2024/2025

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  • Course
  • BUS 302L
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  • BUS 302L

Comparing actual outcomes with budget outcomes, then following up, is an example of a a. planning activities b. operating activities c. controlling activities d. accounting activities e. staffing activities ~~> c. controlling activities Which of the following is typically a starting ...

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  • September 16, 2024
  • 99
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUS 302L
  • BUS 302L
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1 | P a g e | © copyright 2024/2025 | Grade A+




Financial Accounting (BUS 302L)
Questions and Answer | Latest
Update 2024/2025
Comparing actual outcomes with budget outcomes, then following up, is an

example of a




a. planning activities




b. operating activities




c. controlling activities




d. accounting activities




e. staffing activities


✓ ~~> c. controlling activities




Which of the following is typically a starting point for the budget process?




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+




a. a summary cash budget




b. a sales budget




c. a budget balance sheet




d. a production budget




e. a materials purchase budget


✓ ~~> b. a sales budget




Tax accounting is generally most used by:




a. Share holder




b. Manager




Master01 | September, 2024/2025 | Latest update

, 3 | P a g e | © copyright 2024/2025 | Grade A+


c. Creditors




d. Internal revenue service




e. Decision makers


✓ ~~> d. Internal revenue service




Management accountant place more emphases on which of the following:




a. certified financial statement




b. future activities




c. historial cost information




d. cash flow




e. annual tax returns




Master01 | September, 2024/2025 | Latest update

, 4 | P a g e | © copyright 2024/2025 | Grade A+


✓ ~~> b. future activities




Which of the following organization would be most likely to accept a process

costing system?




a. customer homebuilder




b. law office




c. paper manufacture




d. dental office




e. TV sale and services organization


✓ ~~> c. paper manufacture




The discount rate for use in capital budgeting decision is also referred to as




a. a cost of capital


Master01 | September, 2024/2025 | Latest update

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