Creative accounting - Study guides, Revision notes & Summaries

CBE ExamThe financial statement that represent the position of a company at a point in time is the - correct answer Balance Sheet The financial statement that represents the position of a company over a period of time is the - correct answer Income Statement The statement of cash flows is divided into sections of - correct answer Operating, Investing, & Financing The footnotes to the financial statements are - correct answer an integral part A ________ increases the fixed assets acco...

CLFP Exam Questions and Answers Latest Update | Scored A+. Oldest Record of Leasing correct answer2010 B.C. in Sumerian City of Ur using Clay tablets for ag tools, land & Water rights, oxen and other animals Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of Leasing First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew requiring them to assume benefits and obligations of ownership Statue of Wales co...

Intermediate Accounting Chapter 10When a *long-lived asset is acquired*, it is typically classifies into one of two categories: - correct answer (1) property, plant, and equipment (2) intangible assets property, plant, and equipment (PP&E) *derive their value* from long-term use in..... examples include.. - correct answer operations. land, land improvements, buildings, machinery, and natural resources intangible assets lack _____________ and have long-term but typically ______ fut...

FBLA Entrepreneurship Test Questions With Verified Answers Latest 2024/2025 (Graded A+) Most startup companies can expect to need _____ capital than they anticipate. - ANSWER More The primary cause of small business failures is: - ANSWER Management Mistakes Entrepreneurs tend to be overly ______ and misjudge the ______ requirements to start a new business. - ANSWER Optimistic; Financial The ability to develop new ideas is known as: - ANSWER Creativity Which one of the following is usually ...

Macon Industries writes a purchase order for bolts, washers, and nails and sends the order to the Stanton Company to process. A. letter of intent. B. open order. C. accounts-receivable document. D. sales contract. - ANSWER-D Sales contract. A purchase order is a form that a business fills out to order goods. Because the order indicates that the business is willing to do something (pay for the items it orders) in exchange for something else (take possession of the goods), the purchase or...

Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? correct answers service Gabe has worked as a journeyman electrician for an employer for the past 16 years. He is paid a good salary. His only dissatisfaction is the hours are long and...

Maintaining backup copies of files, correcting data entry errors, and resubmitting transactions for subsequent processing are examples of what type of control? - ANS Corrective Control According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is directly responsible for - ANS hiring and firing external auditors Internal control is often referred to as a(n) ________, because it permeates an organization's operating activities and is an integ...

1.List all the specific wage orders by number with industries or occupations. correct answer: Wage order #1 Manufacturing Industry Wage order #2 Personal Services Industry Wage order #3 Canning, Freezing, and preserving industry Wage order #4 Professional, technical, Clerical, Mechanical, and Similar Occupations Wage order #5 Public Housekeeping Wage order #6 Laundry, Linen Supply, Dry Cleaning, and Dyeing Industry Wage order #7 Mercantile Industry Wage order #8 Industries handling Produ...

Online Networking - Answer Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? Increase of service - Answer Ophelia discovers her competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? Which three things are defined when doing a self-assessment? - Answer Risk tolerance, strengths, and weaknesses Which descripti...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...