Acct 101 - Study guides, Class notes & Summaries

ACCT 101 FINAL EXAM Questions With Correct Answers Latest Updated 2024/2025 (Rated) The comparison of a company's financial condition and performance to a base amount is known as: A. Financial reporting B. Vertical analysis C. Horizontal ratios D. Investment analysis 3. The three most common tools of financial analysis are: A. Ratio analysis, horizontal analysis, financial reporting B. Horizontal analysis, vertical analysis, ratio analysis C. Trend analysis, financial reporting, ratio ...

ACCT 101 FINAL EXAM Questions and Answers Updated 2024/2025. A company's sales in 2010 were SR250,000 and in 2011 were SR287,500. Using 2010 as the base year, the sales trend percent for 2011 is: A. 100% B. 15% C. 87% D. 115% 2. The comparison of a company's financial condition and performance to a base amount is known as: A. Financial reporting B. Vertical analysis C. Horizontal ratios D. Investment analysis 3. The three most common tools of financial analysis are: A. Ratio analy...

ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025 | Graded. The comparison of a company's financial condition and performance to a base amount is known as: A. Financial reporting B. Vertical analysis C. Horizontal ratios D. Investment analysis 3. The three most common tools of financial analysis are: A. Ratio analysis, horizontal analysis, financial reporting B. Horizontal analysis, vertical analysis, ratio analysis C. Trend analysis, financial reporting, ratio analysi...

ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions With Complete Solutions

ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025. A company's sales in 2010 were SR250,000 and in 2011 were SR287,500. Using 2010 as the base year, the sales trend percent for 2011 is: A. 100% B. 15% C. 87% D. 115% 2. The comparison of a company's financial condition and performance to a base amount is known as: A. Financial reporting B. Vertical analysis C. Horizontal ratios D. Investment analysis 3. The three most common tools of financial analysis are: A. Rati...

Accounting Correct Answer-Information and measurement system that identifies, records, and communicates information about an organization's business activities Accounting Equation Correct Answer-Assets = Liabilities + Equity Assets Correct Answer-Resources of a company owns or controls Audit Correct Answer-To check the accuracy of financial accounts and records Auditors Correct Answer-Verify the effectiveness of internal controls Balance Sheet Correct Answer-describes a company'...

ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions with Complete solutions

ACCT 101 MIDTERM EXAM 2025/2024 VERIFIED QUESTIONS AND ANSWERS GRADED A+(SOLVED)

Identify the users of financial information correct answers banks, owners, suppliers, customers Entity has its own separate correct answers identity An entity whose entire purpose is to produce a profit for its owners is an correct answers economic entity Funds taken from owner for personal use is correct answers withdrawals Income statement shows correct answers revenue, expenses, net income Balance sheet shows correct answers assets, liabilities, owner's equity Statement of ...

ACCT 101 EXAM 2023/2024 VERIFIED QUESTIONS AND ANSWERS GRADED A+(SOLVED)