Wsu accounting - Study guides, Class notes & Summaries

WSU Accounting 230 Exam Questions With 100% Correct Answers

WSU Accounting 230 Exam 3 Questions with 100% Correct Answers | Verified | Latest Update

WSU Accounting 230 Exam 1 Questions With 100% Correct Answers

WSU Accounting 230 Exam 2 Questions With 100% Correct Answers

WSU Accounting 230 Exam 1 Questions With 100% Correct Answers

WSU Accounting 230 Questions And Answers Graded A+ 2024. Two primary functions of financial accounting - correct answer. 1) Measure business transactions 2) Communicate those measurements to people to make decisions Three objectives of financial accounting - correct answer. 1) Measure the relevant transactions of a company 2) Communicate these business activities to outside to company 3) GAAP - correct answer. The rules of financial accounting in the US se...

WSU Accounting 230 Exam 3 Questions And Answers Rated A+ 2024. Recording an expenditure as an asset if it increases future benefits; if it only increase benefits during the current period then we label it as an expense. - correct answer. What does the term "capitalize" mean? Land, land improvements, buildings, equipment, and natural resources. - correct answer. What is included in Plant, Property, and Equipment? The long term asset at its cost, plus all expenditu...

What are operating activities? - correct answer Transactions related to the primary operations of the company; providing products to customers, utilities, taxes, advertising, wages, rent, and maintenance. What are financing activities? - correct answer Transactions involving external sources of funding. Creditors that loan money. What are investing activities? - correct answer Purchase and sale of long-term investments; land, buildings, equipment, and machinery. How do you calcula...

WSU Accounting 230 Exam 1 Questions And Answers 100% Guaranteed Success. Accounting Equation - correct answer. Assets = Liabilities + Equity Assets - correct answer. Money and other valuables belonging to an individual or business. Liabilities - correct answer. Debts that you owe Stockholders' Equity - correct answer. The owners' claim to assets. Common Stock and Retained Earnings Dividends - correct answer. Earnings distributed to ...

What are operating activities? - correct answer Transactions related to the primary operations of the company; providing products to customers, utilities, taxes, advertising, wages, rent, and maintenance. What are financing activities? - correct answer Transactions involving external sources of funding. Creditors that loan money. What are investing activities? - correct answer Purchase and sale of long-term investments; land, buildings, equipment, and machinery. How do you calcula...