Acct 2101 final exam - Study guides, Class notes & Summaries
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12
- Exam (elaborations) • 20 pages • 2022
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12 
 
Chapter 1 
 
1.	The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a.	account payable. 
b.	account receivable. 
c.	revenue. 
d.	expense. 
 
2.	The right to receive money in the future is called a(n) 
a.	account payable. b.	account receivable. 
c.	liability. 
d.	revenue. 
 
 
3.	Borrowing money is an example of a(n) 
a.	delivering activity. b.	financing activity. 
c.	inves...
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ACCT 2101 FINAL EXAM STUDYGUIDE ALL SOLUTIONS CHAPTERS 1-12 ALL ACCURATE QUESTIONS AND ANSWERS CERTIFIED 100% GRADED A+
- Exam (elaborations) • 38 pages • 2024
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ACCT 2101 FINAL EXAM STUDYGUIDE ALL SOLUTIONS CHAPTERS 1-12 ALL ACCURATE QUESTIONS AND ANSWERS CERTIFIED 100% GRADED A+ 
 
 
Chapter 1 
 
1. The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a. account payable. b. account receivable. c. revenue. d. expense.
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12
- Exam (elaborations) • 20 pages • 2022
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ACCT 2101 
 Final Exam 
 Study Guide Solutions 
Chapters 1 - 12 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ACCT 2101 Final Exam Study Guide Chapters 1 – 12 
 
Chapter 1 
 
1.	The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a.	account payable. 
b.	account receivable. 
c.	revenue. 
d.	expense. 
 
2.	The right to receive money in the future is called a(n) 
a.	account payable. b.	account receiva...
-
ACCT 2101 Final Exam Study Guide Chapters 1 – 12
- Exam (elaborations) • 20 pages • 2022
-
- $16.49
- + learn more
ACCT 2101 Final Exam Study Guide Chapters 1 – 12 
 
Chapter 1 
 
1.	The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a.	account payable. 
b.	account receivable. 
c.	revenue. 
d.	expense. 
 
2.	The right to receive money in the future is called a(n) 
a.	account payable. b.	account receivable. 
c.	liability. 
d.	revenue. 
 
 
3.	Borrowing money is an example of a(n) 
a.	delivering activity. b.	financing activity. 
c.	inves...
-
ACCT 2101 FINAL EXAM STUDY GUIDE CHAPTER 1 - 12 Questions with completed solutions
- Exam (elaborations) • 19 pages • 2022
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- $20.49
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Chapter 1 
1.The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) 
a. account payable. 
b. account receivable. 
c. revenue. 
d. expense. 
2.The right to receive money in the future is called a(n) 
a. account payable. 
b. account receivable. 
c. liability. 
d. revenue. 
3.Borrowing money is an example of a(n) 
a. delivering activity. 
b. financing activity. 
c. investing activity. 
d. operating activity. 
4.Which activities inv...
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ACCT 2101 Final Exam Study Guide - Solutions Chapters 1 - 12
- Exam (elaborations) • 24 pages • 2021
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ACCT 2101 Final Exam Study Guide - Solutions Chapters 1 - 12
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