Acg 201 final exam uncw 1 - Study guides, Class notes & Summaries
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ACG 201 Final Exam (uncw) (1)
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ACG 201 Final Exam (uncw) (1)
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ACG 201 Final Exam (uncw) Exam Questions With Correct Answers
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ACG 201 Final Exam (uncw) Exam 
Questions With Correct Answers 
Chapter One 
1. Characteristics of Corporations (1) - answer• Separate legal entity owned by stockholders 
• Easy to transfer ownership 
• Greater capital ($) raising potential 
• Unfavorable tax treatment 
• Lower legal liability for owners - only lose what they invested 
2. Retained Earnings Calculation (1) - answerBeginning RE+/- Net Income- Dividends paid 
3. Accounting Equation - answerA=L+SE 
Assets - answerCash, A/R...
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