Accounting entrance - Study guides, Class notes & Summaries

ACCT 3110 Entrance Exam - Questions and Answers On which financial statement would the ending balance of the account "accounts receivable" be found? A. Income statement B. Statement of retained earnings C. Balance sheet D. Statement of cash flows What item flows from the income statement to the statement of retained earnings? A. Net income B. Inventory C. Dividends D. Cash What item flows from the statement of retained earnings to the balance sheet? A. Cash B. Retained earnings C. Net income D...

1. Jail practices in the United States descend directly from feudal practices of twelfth-century Ireland. a. True b. False ANSWER: REFERENCES: LEARNING OBJECTIVES: KEYWORDS: False The Contemporary Jail: Entrance to the System ACIB.CLEA.17.03.01 - Describe the history of the jail and its current criminal justice system. Bloom's: Remember function in the 2. In the United States today, most jail inmates are young Caucasian males. a. True b. False ANSWER: REFERENCES: LEARNING OBJECTIVE...

Test Bank For Fundamentals of Corporate Finance 10th Edition By Ross All Chapters Newest Version 2023/2024. Which one of the following is the financial statement that shows the accounting value of a firm's equity as of a particular date? A. income statement B. creditor's statement C. balance sheet D. statement of cash flows E. dividend statement 2. Net working capital is defined as: A. total liabilities minus shareholders' equity. B. current liabilities minus shareholders' eq...

ethics jmc 366 quiz Questions with complete solution 2024/2025 ethics jmc 366 quiz #2 attack journalism - correct answer journalism engaging in pack journalism coverage of politicians and public people when there's just the hint of scandal, improprieties, mistakes, or character issues scandal coverage of past - correct answer 1) misuse of public funds 2) incompetence in the exercise of public responsibilities 3) malfeasance in office scandal coverage today - correct answer 1) ...

CRM 101 FINAL EXAM QUESTIONS 37. Managerial accounting a. is concerned with costing products. b. is governed by generally accepted accounting principles. c. pertains to the entity as a whole and is highly aggregated. d. places emphasis on special-purpose information. 38. Managerial accounting information is generally prepared for a. stockholders. b. managers. c. regulatory agencies. d. investors. 39. Managerial accounting information a. pertains to the entity as a whole and is h...

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...

Test Bank For Fundamentals of Corporate Finance 10th Edition By Ross All Chapters Newest Version . Net working capital is defined as: A. total liabilities minus shareholders' equity. B. current liabilities minus shareholders' equity. C. fixed assets minus long-term liabilities. D. total assets minus total liabilities. E. current assets minus current liabilities. 3. The common set of standards and procedures by which audited financial statements are prepared is known as the: A. mat...

ACCT 3110 Entrance Exam 2023-2024 Questions and Answers Complete Financial statements can be used by which of the following groups? A. Individuals B. Investors and creditors C. Regulatory bodies D. All of the above. D. All of the above. Nicholas is a software engineer and is starting a consulting practice. What form of business organization limits his liability to the amount he has invested in the business? A. Corporation B. Proprietorship C. Partnership D. None of the abov...

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measurement, presentation, discl...

CRM 101 FINAL EXAM QUESTIONS 37. Managerial accounting a. is concerned with costing products. b. is governed by generally accepted accounting principles. c. pertains to the entity as a whole and is highly aggregated. d. places emphasis on special-purpose information. 38. Managerial accounting information is generally prepared for a. stockholders. b. managers. c. regulatory agencies. d. investors. 39. Managerial accounting information a. pertains to the entity as a whole and is h...