Walden University
Straighterline Business
ACC 101 Straighterline Business Financial
Accounting Exam
Course Title and Number: ACC 101 Straighterline
Business Financial Accounting Exam
Exam Title: ACC 101 Straighterline Business Financial
Accounting Exam
Exam Date: Exam 2024- 2025
Instructor: [Insert Instructor’s Name]
Student Name: [Insert Student’s Name]
Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you
have completed the Exam.
6. This test has a time limit, The test will save and submit
automatically when the time expires
7. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck!
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, Straighterline Business 2024-2025
ACC 101 Straighterline Business Financial Accounting
Exam 1 Topic 1 Chapter 1 Review Questions and
Answers | 100% Pass Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Information and Measurement system that identifies,
records, and communicates relevant, reliable, and
comparable information about an organizations
business activities. - Answer>> Accounting
A recording of transactions and events. - Answer>>
Record Keeping
Users not directly involved in running the organization.
Shareholders, lenders, directors, customers, suppliers,
regulator, lawyers, brokers, and the press. - Answer>>
External Users
Area of accounting aimed at serving external users by
providing them with general-purpose financial
statements. - Answer>> Financial Accounting
Loan money or other resources to an organization.
Example: Banks, savings and loans, co-ops, and
mortgage and finance companies. - Answer>> Lenders
Owners of a corporation. They use accounting reports
in deciding whether to buy, hold, or sell stock. They
typically select a board of directors to oversee their
interests in an organization. - Answer>> Shareholders
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