University of North Georgia
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Acct 2101 Test 1, Top Questions and answers, 100% Accurate. Verified. 
 
Accounting is a system that ________, ________, and ___________ information that is __________, ________, ___________ to help users make better decisions.--identifies; records; communicates; relevant; reliable; comparable 
 
Objectivity Principle--Accounting information is supported by independent, unbiased evidence that is verifiable. 
 
Cost Principle--Accounting info is based on actual cost. 
 
Going–Concern Principle-...
Acct 2101 Test 2 Questions with accurate answers, graded A+ 
 
Five Steps in the Decision Making Process--1. Identify the decision problem (issues) 
2. Determine the decision alternatives 
3. Evaluate the costs and benefits of the alternatives 
4. Make the decision 
5. Review the results of the decision 
 
One point for identify the decision problem--the problem, NOT the system 
 
One point for evaluate the costs and benefits of the alternatives--select alternatives where the benefits outweigh t...
Acct 2101 Exam 2 Top Questions and answers, 100% Accurate, graded A+ 
The term "recognition" means to report an economic event in the financial statements	TRUE 
 
The term "accrual" describes an earnings event that is recognized before cash is paid or received	TRUE 
 
The cost of a resource that will produce revenue in the future is an asset.	TRUE 
 
Adjusting entries never affect a business's cash account	TRUE 
 
An adjusting entry to accrue salary expense is a claims exchange transaction	...
These are notes from week 15 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.
These are notes from week 14 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.
These are notes from week 13 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.
These are notes from week 12 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.
These are notes from week 11 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.
These are notes from week 10 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.
These are notes from week 9 in ecology. The course number is 3500K. The notes are detailed and organized. They helped prepare me and my peers for quizzes, exams, and the final.