Acct 211 exam 3 - Study guides, Class notes & Summaries
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ACCOUNTING 211 Liberty University -ACCT 211 Exam 3 questions with answers
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ACCT 211 Exam 3(Ch. 7) Long-Term Assets 
Tangible Asset - correct answer Material: Land, buildings, equipment, etc. 
 
(Ch. 7) Long-Term Assets 
Intangible Asset - correct answer Non-material: Patents, trademarks, copyrights, etc. 
 
(Ch. 7) Long-Term Assets 
Tangible and intangible assets are recorded in the _____________________ - correct answer Balance sheet 
 
(Ch. 7) Long-Term Assets 
We record a __________________ at its cost PLUS all expenditures necessary - correct answer Long-term asset...
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ACCT 211 Exam 3 questions n answers graded A+
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ACCT 211 Exam 3 questions n answers graded A+(Ch. 7) Long-Term Assets 
Tangible Asset - correct answer Material: Land, buildings, equipment, etc. 
 
(Ch. 7) Long-Term Assets 
Intangible Asset - correct answer Non-material: Patents, trademarks, copyrights, etc. 
 
(Ch. 7) Long-Term Assets 
Tangible and intangible assets are recorded in the _____________________ - correct answer Balance sheet 
 
(Ch. 7) Long-Term Assets 
We record a __________________ at its cost PLUS all expenditures necessary - ...
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Acct 211 Exam 3 Liberty With Complete Solutions
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Acct 211 Exam 3 Liberty With Complete Solutions
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ACCT 211 Exam Liberty university Questions with complete solution
- Exam (elaborations) • 15 pages • 2024
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ACCT 211 Exam Liberty university Questions with complete solution ACCT 211 Exam 3 
 
 
(Ch. 7) Long-Term Assets 
Tangible Asset - correct answer Material: Land, buildings, equipment, etc. 
 
(Ch. 7) Long-Term Assets 
Intangible Asset - correct answer Non-material: Patents, trademarks, copyrights, etc. 
 
(Ch. 7) Long-Term Assets 
Tangible and intangible assets are recorded in the _____________________ - correct answer Balance sheet 
 
(Ch. 7) Long-Term Assets 
We record a __________________ at i...
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ACCT 211-Liberty University EXAM 1 Question and answers rated A+
- Exam (elaborations) • 6 pages • 2024
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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...
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ACCOUNTING 211 Liberty University -ACCT 211-Liberty University EXAM 1 correctly answered
- Exam (elaborations) • 6 pages • 2024
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ACCT 211-Liberty University EXAM 1Importance 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 Fraud Triangle - corr...
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ACCT 211-Liberty University EXAM 1 with verified answers
- Exam (elaborations) • 6 pages • 2024
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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...
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ACCT-211 Exam 1 Questions & Answer Liberty university rated A+
- Exam (elaborations) • 3 pages • 2024
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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...
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ACCT-211 Exam 1 Questions & Answer Liberty university rated A+
- Exam (elaborations) • 3 pages • 2024
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Available in package deal
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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...
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ACCT 211-Liberty University EXAM 1
- Exam (elaborations) • 5 pages • 2022
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ACCT 211-Liberty University EXAM 1...
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