Acct 211 exam Study guides, Class notes & Summaries

ACCT 211 Final Exam questions with verified answersSeparate legal entity, Limited liability of stockholders, transferable ownership rights, continuous life, lack of mutual agency for stockholders, ease of capital accumulation. - correct answer Advantages of a corporation Government regulation, corporate taxation. - correct answer Disadvantages of a corporation Authorize stock - correct answer The number of shares that a corporations charter allows it to sell Issued stock - correct answe...

ACCT 211-Liberty University EXAM 1 Question and answers rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly invol...

ACCT 211-Liberty University EXAM 1 with verified answersImportance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involved in running the organization 3 Parts of the...

ACCT 211 - EXAM 2 - KOSS Liberty university Question and answer rated A+ ACCT 211 - EXAM 2 - KOSS days' sales uncollected - correct answer (Accounts receivable/ net sales) x 365 current ratio - correct answer current assets/ current liabilities acid test ratio - correct answer (cash and cash equivs + short term investments + current receivables)/ current liabilities current liabilities - correct answer payables and unearned rev current assets - correct answer cash, short term...

ACCT 211 - EXAM 2 - KOSSdays' sales uncollected - correct answer (Accounts receivable/ net sales) x 365 current ratio - correct answer current assets/ current liabilities acid test ratio - correct answer (cash and cash equivs + short term investments + current receivables)/ current liabilities current liabilities - correct answer payables and unearned rev current assets - correct answer cash, short term investments, a/r, notes receivable, inventory, prepaids how many entries do y...

ACCT 211 - EXAM 2 - KOSS fully solved graded A+days' sales uncollected - correct answer (Accounts receivable/ net sales) x 365 current ratio - correct answer current assets/ current liabilities acid test ratio - correct answer (cash and cash equivs + short term investments + current receivables)/ current liabilities current liabilities - correct answer payables and unearned rev current assets - correct answer cash, short term investments, a/r, notes receivable, inventory, prepaids ...

ACCT-211 Exam 1 Questions & Answer Liberty university rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involve...

ACCT-211 Exam 1 Questions & Answer Liberty university rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involve...

ACCOUNTING 211 Liberty University -ACCT-211 Exam 1 Questions & AnswerA statement of cash flows is generated to show - correct answer The inflow and outflow of cash during the time period Which of the following sections of the statement of cash flows is presented differently between the direct and indirect method? - correct answer Operating activities Which of the following is the typical order of the sections on a statement of cash flows? - correct answer Operating, Investing, financing ...

ACCT 211-Liberty University EXAM 1 With Complete Solutions