Accounting 300 Study guides, Class notes & Summaries
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12 
 
Chapter 1 
 
1.	The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a.	account payable. 
b.	account receivable. 
c.	revenue. 
d.	expense. 
 
2.	The right to receive money in the future is called a(n) 
a.	account payable. b.	account receivable. 
c.	liability. 
d.	revenue. 
 
 
3.	Borrowing money is an example of a(n) 
a.	delivering activity. b.	financing activity. 
c.	inves...
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C214 OA Financial Management Exam Questions And Answers (2022/2023) Verified Answers.
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C214 OA Financial Management Exam Questions And Answers (2022/2023) Verified Answers. 
1. The stock price of a company increases and the market is deemed efficient. What assumption can be made? 
A. A new, patented, product was introduced to the market. 
B. New machinery was purchased with a useful life of 20 years. 
C. Management is optimizing its resources and operating efficiently. 
D. Management hired new employees and invested in a training program. 
2. Which statement is true about how the...
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Accounting 2401 Final Exam Study Guide
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Accounting 2401 Final Exam Study Guide 
ACCOUNTING 2401 FINAL EXAM STUDY GUIDE 
 
 
 
 
 
Accounting 2401 Final Exam Study Guide 
 
Multiple Choice (2.5 points each) 
1.	During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. 
 
Parker’s gross profit is 
a. $24,000. 
b. $27,000. 
c. $45,000. 
d. $90,000. 
 
2.	During 2014, Parker Ente...
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WGU C838 MANAGING CLOUD SECURITY FINAL EXAM OA 100 QUESTIONS AND ANSWERS LATEST 2023/2024
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You are the security subject matter expert (SME) for an organization considering a transition from the legacy environment into a hosted cloud provider 's data center. One of the challenges you 
're facing is whether the cloud provider will be able to comply with the existing legislative and contractual frameworks your organization is required to follow. This is a _________ issue. 
a. Resiliency 
b. Privacy 
c. Performance 
d. Regulatory 
D 
76. You are the security subject matter expert (SME) ...
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Solutions Manual For Fundamental Accounting Principles Volume 1 Canadian 15th Edition By Larson - Newest Version Complete Chapters (2024/2025)
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Solutions Manual For Fundamental Accounting Principles Volume 1 Canadian 15th Edition By Larson - Newest Version Complete Chapters (2024/2025) When a company sells services or goods, they will exchange their service or good 
for cash. When the company sells services or goods, they earn revenue. In the 
account equation, Cash (Asset) increases and Revenue (Equity) increases. If the 
customer does not pay today, the company records an accounts receivable instead 
of cash. Accounts receivable holds...
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Solutions Manual For Fundamental Accounting Principles Volume 1 Canadian 15th Edition By Larson | Newest Version 2024-2025 All Chapters Complete
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Solutions Manual For Fundamental Accounting Principles Volume 1 Canadian 15th Edition By Larson | Newest Version All Chapters Complete. An account receivable is an amount due to a company, but the amount can be 
increased by the customer (debtor) by making additional purchases. An account 
receivable is not a single document but represents the result of several written, oral, 
or implied promises to pay the creditor. A note receivable is a formal document that 
specifies the fixed amount due to...
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WGU C213 Pre-Assessment 2024 with Complete Solutions Rated A+
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WGU C213 Pre-Assessment 2024 with Complete Solutions Rated A+ 
What does accounting focus on? - Correct Answer The impact a business's activities have on its overall financial performance 
 
Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? - Correct Answer Statement of cash flows 
 
Which users would have a primary concern with an organization's ability to provide healthcare benefits? - Correct Answer Emp...
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Wall Street Prep Premium Exam correctly answered 2023
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Wall Street Prep Premium Exam correctly answered 2023What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? 
Extraordinary gains/losses 
 
 
 
what is false about depreciation and amortization 
D&A may be classified within interest expense 
 
 
 
Company X's current assets increased by $40 million from 2007-2008 while the companies current liabilities increased by $25 million over the same period. the cash impact of the change in working capital was 
a decr...
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS)
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) 
 
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QUIZ 
The definition of a liability is: 
A. A future economic resource controlled by a reporting entity as a result of a past event. 
B. A future economic resource controlled by a reporting entity as a result of a future event. 
C. A present economic resource controlled by a reporting entity as a result of a pa...
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FAC2601 EXAM PACK 2022
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FAC2601 EXAM PACK 2022 
FAC2601 - Financial Accounting And Reporting 
The following information regarding share capital in the accounting records of Mbaso Ltd was obtained 
on 28 February 2021: 
R 
Ordinary share capital at date of incorporation................................................................... 5 000 000 
Proceeds on 800 000 ordinary shares issued – 31 August 2020 ....................................... 1 200 000 
20 000 10% Cumulative preference shares ..........................