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*********
Question 1
4 * 4 ****
**** * ******* borrows cash **** a **** ***** ** *** ********* **** occur?
** ******** ** *****
A ******** ** ******** receivable
* ******** ** ***** ********
An ******** ** *********** capital
Question 2
* / * ****
***** ** *** following ****** ** ******* to **** ** ********* useful life?
Furniture
Land
**********
*********
Question **
4 * * ****
*** ******* ************** *** setting the ***** ** ********** ***** with the:
********* ********** Standards ***** *******
American ********* of **** ********
********* ******** Accounting ********** *******
Security and ******** ********** (SEC)
******** **
4 * * pts
***** financial ********* ******** only ***** activities **** ****** ** **** ******** ***** ****** *** ********
********* of **** flows
****** **********
******* ******
********* ** *********** *******
******** 5
* / * ****
*** ****** ********* *********
**** sales ******* **** in cash
*** ********* position ** a ********** date
Net ****** ** **** *** *** *******
Revenues ****** and expenses
******** **
* / * ****
******** *****
******** only **** **** is *****
***** ******** to ******** *********
********* ** *********** *******
******** ** credits ** ******* entries
Question 7
* * * ****
***** of the **** ***** ********* ********** ******** * snapshot of the ******** ** a ********** *****
******* sheet
********* ** *********** *******
****** statement
********* ** cash ******
******** **
* * 4 ****
*** ******** ********* ********* **** ******** use ****
Either **** ***** ** accrual ***** ***********
******* ***** ***********
**** ***** accounting
Credit ***** ***********
******** 9
* / * ****
*** statements ** financial ********** ********* *** ***** ************* ************** **** ****** **** *********** acceptable ********** ******** *** ********* ********* are collectively referred ** ****
****
*****
*****
*****
Question ***
* * 4 pts
***** ************ ****** produces ** ***** ****** ** ************ **** ********
******************
**************
********************
******** ********
Question ***
* / 4 ****
********* information **** is __________ ensures **** ** ** ******** *** ***********
*********
comparable
***********
*********
******** ***
* * * pts
**************
Is another **** *** ************ ** ***** assets
*** ** **** ** ******* *** cost ** ********** ****** **** ********* ******
** ** *********** ************ *******
Is * method **** ** ******** *** **** ** ** ********** ***** over *** ******* ****** *****
******** ***
* * 4 pts
***** for the left and right **** ** an ******* *** ***** ****
Positive/Negative
********
Debit/Credit
Increase/Decrease
Question 14
* * * ****
Activities ********* the ******** and sale ** ********* assets as **** as other ***** ***** used ** a ************** ********* are ******** ** as:
********* ***********
******** activities
********* activities
Investing activities
******** ***
* * * ****
* debit is:
* ******** ** an ********
The **** **** ** * **********
** ******** ** an account
*** ***** **** ** * T-account
******** ***
* * * pts
***** inventory ******* method ******* the ******** ***** received to cost ** ***** sold?
******** average
******** ***************
*****
FIFO
******** ***
* * * ****
***** of the ********* ********** ** true?
************ accounting ******* have ******* for ** least **** ******
****** *** ****** of * ***** economy *** ************ accounting system *** *** *********
*** ************ ********** ****** **** ***** as a result ** the ***** ***********
********** ******* ********* ** the 18thcentury ******* ** **** **** ****** **** literate
******** ***
* * * ****
*** ************ responsible for setting ** external ********* ********* ******** ** *****
Financial ********** ********* Board
******** ********* ** ********* ****** Accountants
******* Government
********** *** ******** Commission
Question ***
4 * * pts
**** ***** are made ** ******* which ** *** ********* **** *******
******** ********** **** increase
Cash **** *********
******** ******* **** decrease
Revenues **** decrease
******** ***
4 / * ****
***** ** *** ********* ** *** *** ** *** four basic financial ************
******* sheet
********** equation
Statement ** **** ******
****** **********
******** 21
* * 4 pts
**** ******** *** incurred **** ** *** effect on *** accounting **********
****** will *********
Owner’s ****** will *********
*********** **** *********
Owner’s ****** **** *********
******** ***
4 * * pts
**** faced with *********** ***** the ****** ** ***** ****** and *********** ****** ** ******** *********** should follow ***** principle in ***** ** ***** misleading ***** ** ********* statements?
************
*************
**************
***********
******** 23
* / 4 ****
Resources * ******** **** are ********
************
*******
Revenues
*********** *******
******** 24
* * 4 ****
An ******* **** *** word ******************* in the title ** a(n):
********
Liability
**********
******
******** ***
4 / * ****
Which ** *** ********* ** ** ******* ** * ********* account?
******* Rent
Unearned ********
**********
*********
Click here to download attached files:
Embry BUSW500 Module 4.6 Accounting Quiz latest 2016.docx
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