Fabm - Study guides, Class notes & Summaries
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FABM – TAXATION UPDATED Exam Questions and CORRECT Answers
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FABM – TAXATION UPDATED Exam 
Questions and CORRECT Answers 
Improvement of Subdivision Road - Correct ANSWER- A tax must be imposed for public 
purpose. Which of the following is not a public purpose? 
Power to Veto - Correct ANSWER- They exist independent of the constitution being 
fundamental powers of the State, except: 
Police Power - Correct ANSWER- The power to regulate liberty and property to promote the 
general welfare. 
Power of Taxation - Correct ANSWER- Power to demand proport...
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FABM- Introduction to Taxation
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FABM- Introduction to Taxation
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FABM 1 Question and answers correctly solved 2024/2025
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FABM 1 Question and answers correctly solved 2024/2025 FABM 1 
 
Accounting - correct answer Defined as an information system that measures processes and communicates information primarily financial nature 
 
Accounting - correct answer Referred to as the language of business because it is the communication link between the entity and the users of financial information 
 
Fra Luca Pacioli - correct answer Father of accounting - author of "summa de arithmetica geometrica proportioni et ...
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FABM 2 (1 QUARTER) QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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FABM 2 (1 QUARTER) QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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FABM- Introduction to Taxation UPDATED Exam Questions and CORRECT Answers
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FABM- Introduction to Taxation UPDATED 
Exam Questions and CORRECT Answers 
tax - Correct ANSWER- is an imposition by the government upon person, property or rights 
exercised within its jurisdiction 
Taxation - Correct ANSWER- power of the state by which the sovereign raises revenue to 
defray the necessary expenses of the government 
Sovereign - Correct ANSWER- is an attribute of a nation which means it is independent 
food, clothing, shelter and health services - Correct ANSWER- basic serv...
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FABM 2 (1 QUARTER) QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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FABM 2 (1 QUARTER) QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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FABM 1, Chapter 6 (Accounting Principles)
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FABM 1, Chapter 6 (Accounting Principles)
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A summary of the FABM
- Class notes • 4 pages • 2024
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This is just a quick guide regarding F Accountancy, Business, and Management
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financial statements
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notes for midterm examination of fabm
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Fundamentals of Accountancy, Business, and Management 1 (FABM 1)
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Summary topic discussions on the different topics in Fundamentals of Accountancy, Business and Management 1 (FABM 1). Topics on the different types of Major Accounts (Assets, Liability, Equity, Revenue/Income, and Expense), the definition of accounting with brief history, Branches and Users of Accounting Information, and Accounting Principles
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