Financial liberty - Study guides, Class notes & Summaries
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ACCT 211 Exam 1 Liberty university Question and answers 100% correct
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ACCT 211 Exam 1 Liberty university Question and answers 100% correct ACCT 211 Exam 1 
 
 
What is managerial accounting? - correct answer Provides information and analysis to managers inside the organization to assist them in decision making. 
 
Financial Accounting vs Managerial Accounting: Primary Users of Reports - correct answer Financial Accounting is external users, stockholders, creditors, and regulators. 
 
Managerial Accounting is internal users such as managers and officers. 
 
Financ...
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McKissock Liberty University -15-hour National USPAP Course - McKissock rated A+
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McKissock Liberty University -15-hour National USPAP Course - McKissock rated A+ 
USPAP contains what 4 sections? - correct answer 1) The Preamble 
2) Definitions 
3) Rules 
4) Standards 
 
USPAP Provides... - correct answer 1. A common basis for comparison 
2. A reference source for all users of the document 
3. A basis for uniform enforcement for state regulatory agencies 
4. A reason for clients, other intended users, and the public to place their trust in the services performed by professio...
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Summary Community Disaster and Referral Plan for Atlanta/Metropolitan Area COUC604.docx COUC604 Community Disaster and Referral Plan for Atlanta/Metropolitan Area Liberty University Referral List 3 Food & Financial Assistance 3 Childcare Facilities 4 Tab
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Summary Community Disaster and Referral Plan for Atlanta/Metropolitan Area COUC COUC604 Community Disaster and Referral Plan for Atlanta/Metropolitan Area Liberty University Referral List 3 Food & Financial Assistance 3 Childcare Facilities 4 Table of Contents
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MGMT 200 FINAL || QUESTIONS WITH 100% ACTUAL SOLUTIONS.
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Caveat emptor correct answers Let the buyer beware 
 
How are law and ethics intertwined? correct answers The "law" is societies codification of ethics; laws and regulations make certain unethical conduct legal. 
 
Ethics correct answers Determining the right thing to do, via moral reasoning 
 
Wall Street Article involving ethics correct answers In a study, 1/3 of people who worked on WallStreet who said they made more than $500,000 annually, contend they have 'witnessed or have firsthand kn...
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Accounting 211- Liberty university Question and answers correctly solved
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Accounting 211- Liberty university Question and answers correctly solvedAccounting 211 
 
 
Share of common stock - correct answer certificates of ownership in a corporation 
 
Dividends - correct answer earnings of a corporation distributed to owners 
 
Fiscal Year - correct answer a year in the life of a business, does not have to match a calendar year 
 
Principal - correct answer amount a loan is made for 
 
Interest - correct answer cost of borrowing money 
 
Sole Proprietorship - correct...
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McKissock Liberty University -15-hour National USPAP Course - McKissock questions with answers
- Exam (elaborations) • 16 pages • 2024
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McKissock Liberty University -15-hour National USPAP Course - McKissock questions with answersUSPAP contains what 4 sections? - correct answer 1) The Preamble 
2) Definitions 
3) Rules 
4) Standards 
 
USPAP Provides... - correct answer 1. A common basis for comparison 
2. A reference source for all users of the document 
3. A basis for uniform enforcement for state regulatory agencies 
4. A reason for clients, other intended users, and the public to place their trust in the services performed b...
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Accounting 211 Exam 1 Liberty university Question and answer already passed
- Exam (elaborations) • 12 pages • 2024
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Accounting 211 Exam 1 Liberty university Question and answer already passed Accounting 211 Exam 1 
 
 
Chapter 1 - correct answer 
 
managerial accounting - correct answer field of accounting that provides economic and financial information for managers and other internal users 
 
main differences between managerial and financial - correct answer managerial: 
-for internal users 
-doesn't have to follow GAAP 
-detailed reports for a specific decision 
-reports as frequently as needed 
 
3 ac...
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Accounting 211 Liberty university Question and answers verified to pass
- Exam (elaborations) • 57 pages • 2024
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Accounting 211 Liberty university Question and answers verified to pass Accounting 211 
 
 
Accounting Transactions - correct answer -Economic events that require recording in the financial statements 
-Exchange of assets, liabilities, and stockholders equity 
 
Accounting Equation - correct answer Assets = Liabilities + Stockholders' Equity 
 
Transaction Analysis - correct answer The process of identifying the specific effects of economic events on the accounting equation 
 
Stockholders' E...
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CMY3706 WITH 100% VERIFIED QUESTIONS AND ANSWERS South African common law defines kidnapping as follows: - ANSWER-"it consists in unlawfully and intentionally depriving a person of his or her freedom of movement and/or, if such a person is a child,
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CMY3706 WITH 100% VERIFIED QUESTIONS AND ANSWERS 
 
South African common law defines kidnapping as follows: - ANSWER-"it 
consists in unlawfully and intentionally depriving a person of his or her 
freedom of movement and/or, if such a person is a child, the custodians 
of their control over the child" 
kidnapping can include a broad range of actions that can be associated 
with other criminal acts, such as - ANSWER-hijacking or robbery 
Kidnapping for ransom is associated with instances wh...
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ACCOUNTING 211 Liberty University -ACCT 211: Chapter 1, Financial Accounting fully solved
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ACCOUNTING 211 Liberty University -ACCT 211: Chapter 1, Financial Accounting fully solvedRevenue Recognition - correct answer Revenue is recognized and recorded when earned. 
 
Matching - correct answer Expenses are recorded in the time period when they are incurred to generate revenues 
 
Cost - correct answer Assets are recorded and maintained at their historical costs 
 
Asset - correct answer A resource of a business with future value 
 
liability - correct answer an obligation of a business...
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