ACG 2021 ch 1 quiz; Questions & Answers 100% Correct 2 Exam (elaborations) ACG 2021 Chapter 1; Questions & Answers 100% Pass 3 Exam (elaborations) ACG 2021 Chapter 1; Questions & Answers 100% Pass 4 Exam (elaborations) ACG 2021 Exam 1; Questions & Answers 100% Pass 5 Exam (elaborations) ACG 202...
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ACG 2021- Final Exam Review; Questions & Answers 100% Pass Under which of the following do computer programs that limit unauthorized access to certain files fall? CORRECT ANSWER-physical controls Which of the following is an effective internal control over cash disbursements? CORRECT ANSWER-...
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Add to cartACG 2021- Final Exam Review; Questions & Answers 100% Pass Under which of the following do computer programs that limit unauthorized access to certain files fall? CORRECT ANSWER-physical controls Which of the following is an effective internal control over cash disbursements? CORRECT ANSWER-...
ACG 2021 Exam 1(FSU Exam 1); Questions & Answers 100% Pass Balance Sheet CORRECT ANSWER-a financial statement that reports the assets and claims to those assets at a specific point in time Basic accounting equation CORRECT ANSWER-Assets= Liabilities + Equity Common Stock CORRECT ANSWER-the to...
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Add to cartACG 2021 Exam 1(FSU Exam 1); Questions & Answers 100% Pass Balance Sheet CORRECT ANSWER-a financial statement that reports the assets and claims to those assets at a specific point in time Basic accounting equation CORRECT ANSWER-Assets= Liabilities + Equity Common Stock CORRECT ANSWER-the to...
ACG 2021 Exam 1; Questions & Answers 100% Pass The entry to adjust for the cost of supplies used during the accounting period is a. debit Supplies Expense; credit Supplies b. debit Stockholders' Equity; credit Supplies c. debit Accounts Payable; credit Supplies d. debit Supplies; credit Stoc...
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Add to cartACG 2021 Exam 1; Questions & Answers 100% Pass The entry to adjust for the cost of supplies used during the accounting period is a. debit Supplies Expense; credit Supplies b. debit Stockholders' Equity; credit Supplies c. debit Accounts Payable; credit Supplies d. debit Supplies; credit Stoc...
ACG 2021 Chapter 1; Questions & Answers 100% Pass Financial Accounting CORRECT ANSWER-Communicates financial information, highly summarized, MUST adhere to GAAP. Used by external decision makers. Managerial Accounting CORRECT ANSWER-More detailed information specific to management's needs, d...
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Add to cartACG 2021 Chapter 1; Questions & Answers 100% Pass Financial Accounting CORRECT ANSWER-Communicates financial information, highly summarized, MUST adhere to GAAP. Used by external decision makers. Managerial Accounting CORRECT ANSWER-More detailed information specific to management's needs, d...
ACG 2021 Chapter 1; Questions & Answers 100% Pass The partnership form of business organization CORRECT ANSWER-is not a separate legal entity and its owners are liable for its debts. Stockholders of a corporation are considered to be CORRECT ANSWER-external users of a company's accounting in...
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Add to cartACG 2021 Chapter 1; Questions & Answers 100% Pass The partnership form of business organization CORRECT ANSWER-is not a separate legal entity and its owners are liable for its debts. Stockholders of a corporation are considered to be CORRECT ANSWER-external users of a company's accounting in...
ACG 2021 ch 1 quiz; Questions & Answers 100% Correct The sole proprietorship form of business organization CORRECT ANSWER-generally receives favorable tax treatment relative to a corporation Which forms of business organization have owners called stockholders? CORRECT ANSWER-Only corporations...
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Add to cartACG 2021 ch 1 quiz; Questions & Answers 100% Correct The sole proprietorship form of business organization CORRECT ANSWER-generally receives favorable tax treatment relative to a corporation Which forms of business organization have owners called stockholders? CORRECT ANSWER-Only corporations...
ACG 2021; Questions & Answers 100% Correct Name the Cash Flows: 1.) Cash receipts from sales 2) Cash payments for inventories 3) Lending to others 4) Cash payments of dividends 5) Cash receipts from dividends 6) Cash receipts from borrowing money 7) Cash payments for inventories 8) Cash rec...
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Add to cartACG 2021; Questions & Answers 100% Correct Name the Cash Flows: 1.) Cash receipts from sales 2) Cash payments for inventories 3) Lending to others 4) Cash payments of dividends 5) Cash receipts from dividends 6) Cash receipts from borrowing money 7) Cash payments for inventories 8) Cash rec...
ACG 2021; Questions & Answers 100% Correct Financial Accounting CORRECT ANSWER-1. Measure business activity 2. Communicate measurements to people for decision making Primary external users of financial accounting info CORRECT ANSWER-Investors and creditors Financing Activities CORRECT ANSWER-I...
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Add to cartACG 2021; Questions & Answers 100% Correct Financial Accounting CORRECT ANSWER-1. Measure business activity 2. Communicate measurements to people for decision making Primary external users of financial accounting info CORRECT ANSWER-Investors and creditors Financing Activities CORRECT ANSWER-I...
ACG 2021; Questions & Answers 100% Correct proprietorship CORRECT ANSWER-owned by one person, small businesses, personally liable for debts of business, tax advantages partnership CORRECT ANSWER-owned by two or more persons, personally liable for debts of the business, tax advantages corporat...
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Add to cartACG 2021; Questions & Answers 100% Correct proprietorship CORRECT ANSWER-owned by one person, small businesses, personally liable for debts of business, tax advantages partnership CORRECT ANSWER-owned by two or more persons, personally liable for debts of the business, tax advantages corporat...
ACG 2021 Test #1 Study Guide (Chapter 1 & 2); Questions & Answers 100% Pass Accounting Equation CORRECT ANSWER-Assets = Liabilities + Owner's Equity MUST BE BALANCED Generally Accepted Accounting Principles (GAAP) CORRECT ANSWER-Financial accounting is governed by concepts and rules known as ...
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Add to cartACG 2021 Test #1 Study Guide (Chapter 1 & 2); Questions & Answers 100% Pass Accounting Equation CORRECT ANSWER-Assets = Liabilities + Owner's Equity MUST BE BALANCED Generally Accepted Accounting Principles (GAAP) CORRECT ANSWER-Financial accounting is governed by concepts and rules known as ...
ACG 2021- Chapter 1- Account identification; Questions & Answers 100% Pass What is the definition of asset? CORRECT ANSWER-An economic resource that is expected to benefit the business in the future. Something of value that the business owns. What is the definition of liability? CORRECT ANSWER-...
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Add to cartACG 2021- Chapter 1- Account identification; Questions & Answers 100% Pass What is the definition of asset? CORRECT ANSWER-An economic resource that is expected to benefit the business in the future. Something of value that the business owns. What is the definition of liability? CORRECT ANSWER-...
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