Chapter 2 acct 2301 - Study guides, Class notes & Summaries

Final Exam (BCOR 2301) 2023 Questions and Answers Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. prov...

ACCT 2301 Introduction to Managerial Accounting Brewer 6th Edition 2022. Introduction to Managerial Accounting Brewer 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! Name: Introduction to Managerial Accounting Author: Brewer Garrison Noreen Edition: 6th ISBN­10: 9 Type: Test Bank This is a sample chapter c h 0 1 Student: 1.Direct material costs are generally variable costs. True False 2.Property taxes and insurance premiums paid on a...

ACCT 2301 Introduction to Managerial Accounting Brewer 6th Edition 2022. Introduction to Managerial Accounting Brewer 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! Name: Introduction to Managerial Accounting Author: Brewer Garrison Noreen Edition: 6th ISBN­10: 9 Type: Test Bank This is a sample chapter c h 0 1 Student: 1.Direct material costs are generally variable costs. True False 2.Property taxes and insurance premiums paid on a...

ACCT 2301 Introduction to Managerial Accounting Brewer 6th Edition 2022. Introduction to Managerial Accounting Brewer 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! Name: Introduction to Managerial Accounting Author: Brewer Garrison Noreen Edition: 6th ISBN­10: 9 Type: Test Bank This is a sample chapter c h 0 1 Student: 1.Direct material costs are generally variable costs. True False 2.Property taxes and insurance premiums paid on ...

Chapter 2 accounting notes for ACCT 2301: Principles of Financial Accounting class

A. Scope of Art 2 & 2A 1. Scope of Article 2 a. UCC Scope Provisions i. § 2-102-This chapter applies to transactions in goods… ii. § 2-105-“Goods”=all things that are movable at the ti me of identification to the contract for sale 1) including unborn animals, growing crops b. Art 2 “goods” Examples i. Creating a wedding dress, tailoring, though the goods don’t exist yet, sell puppies though don’t exist yet ii. NOT something intangible ex: stock in a company does not work despite ...

ACCT 2301 - Chapter 13. Questions and Answers. Texas Tech University. CH 13  Question 1 0 out of 1 points In short-run decision making, the alternative with the lowest overall cost is always chosen. Selected Answer: [None Given] Answers: True False  Question 2 0 out of 1 points A sunk cost is always relevant. Selected Answer: [None Given] Answers: True False Response Feedback: Rationale: A sunk cost is never relevant.  Question 3 0 out of 1 points Short-run ...