Acct 201 exam 1 - Study guides, Class notes & Summaries
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ACCT 201 ACCOUNTING EXAM 1 QUESTIONS AND WELL ELABORATED SOLUTION
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ACCT 201 ACCOUNTING 
EXAM 1 QUESTIONS AND 
WELL ELABORATED 
SOLUTION 
Accounting Period - ANSWER -Time span covered by the financial statements; 
normally one year, but may be a quarter, month or some other time interval 
Accrual - ANSWER -Accounting recognition of revenue or expense in a period 
before cash is exchanged 
Accrual Accounting - ANSWER -Accounting system which recognizes revenues 
when earned and expenses when incurred regardless of when the related cash is 
exchanged 
Adverse O...
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution
- Exam (elaborations) • 289 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution 
Liberty University ACCT 370 Exam 4 Complete solution 
100% satisfied: 

solutions 
1. Condensed financial data are presented below for the Phoenix 
Corporation: 
2. 3. 2019 4. 5. 2018 
6. Accounts 
receivabl 
e 
8. 267,500 9. 10.11.$ 
12.230,00 
0 
13. 
14.Inventory 15. 16.312,500 17. 18.19. 
20.257,50 
0 
21. 
22.Total 
current 
assets 
23. 24.670,000 25. 26.27. 
28.565,00 
0 
29. 
30.Intangibl 
e assets 
31. 32.50,000 3...
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution
- Exam (elaborations) • 289 pages • 2021
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- $8.49
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Liberty University ACCT 370 Exam 4 Complete solution 
Liberty University ACCT 370 Exam 4 Complete solution 
100% satisfied: 

solutions 
1. Condensed financial data are presented below for the Phoenix 
Corporation: 
2. 3. 2019 4. 5. 2018 
6. Accounts 
receivabl 
e 
8. 267,500 9. 10.11.$ 
12.230,00 
0 
13. 
14.Inventory 15. 16.312,500 17. 18.19. 
20.257,50 
0 
21. 
22.Total 
current 
assets 
23. 24.670,000 25. 26.27. 
28.565,00 
0 
29. 
30.Intangibl 
e assets 
31. 32.50,000 33. 34.35. 36.60,0003...
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Acc 201 CSULB midterm 1 b Question and answers rated A+ 2024


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