Accounting 175 Study guides, Class notes & Summaries

Basic Statistics for Business and Economics, 9e (Lind) Chapter 3 Describing Data: Numerical Measures 1) A value that "attempts to pinpoint the center of a distribution of data" is referred to as a measure of location. Answer: TRUE Explanation: The purpose of a measure of location is to pinpoint the center of a distribution of data. An average is a measure of location that shows the central value of the data. Four measures of location are discussed in the text: the arithmetic mean, the media...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...

ACCT 1130 Final Exam Study Guide 115 Questions with Verified Answers Which of the following is NOT a privacy act specifically pertaining to payroll records? A) Computer fraud and abuse act B) U.S. department of labor OCFO-1 C) Freedom of information act D) Community property act - CORRECT ANSWER C) Freedom of information act Why is outsourced payroll popular among accounting professionals? - CORRECT ANSWER Time demands for payroll processing decrease Congress passed the _____ and ...

8/10/23, 8:26 PM Assessment 1: Attempt review Time taken 34 mins 45 secs Marks 88.00/100.00 Grade 80.00 out of 100.00 UNISA 2023 FAC1502-23-S2Welcome MessageAssessment 1 QUIZ Time left 0:43:45 Question 1 An entity has the following income and expenditure for the nancial year: Sales: R33 000; Salaries: R11 000; Interest income: R1 000; Insurance Not yet expense: R1 500. answered Marked out of The net pro t or loss of the entity using the basic accounting...

Bus 302L Financial Accounting Questions and Answers | Latest Version | 2024/2025 | Graded A+ **What activity involves comparing actual outcomes with budgeted outcomes and taking corrective actions as necessary?** - Controlling activities **Which budget component typically serves as the starting point for the budgeting process?** - Sales budget **Who primarily utilizes tax accounting practices?** - Internal Revenue Service (IRS) **Where do management accountants place gre...

Chapter 1: Introduction to Business Activities and Overview of Financial Statements and the Reporting Process TRUE/FALSE 1. The activities of a business include establishing goals and strategies, obtaining financing, making investments and conducting operations. ANS: T PTS: 1 DIF: 1 REF: pp. 3-6 OBJ: LO: 1-01 NAT: BUSPROG: Analytic STA: AICPA: FN-Reporting | ACBSP: APC-09-Financial Statements KEY: Bloom's: Knowledge 2. Goals are the end results toward which the firm directs its energies, ...

SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 9. 2 K 17. 4 K 25. 6 C sg33. 2 K 2. 1 K 10. 2 K 18. 4 C 26. 6 K sg34. 3 K 3. 1 C 11. 2 K 19. 5 C 27. 6 K sg35. 6 C 4. 1 C 12. 2 K 20. 5 K 28. 6 K sg36. 6 K 5. 1 K 13. 2 K 21. 5 C 29. 6 K sg37. 6 K 6. 1 K 14. 2 K 22. 6 K a30. 7 K 7. 1 C 15. 3 C 23. 6 C sg31. 1 K 8. 2 K 16. 3 K 24. 6 C sg32. 2 K Multiple Choice Questions 38. 1 K 66. 2 K ...

CHAPTER 1 MANAGERIAL ACCOUNTING SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 C 9. 1 K 17. 2 C 25. 3 C 33. 2 C 2. 1 K 10. 2 K 18. 2 K 26. 3 C 34. 2 K 3. 1 K 11. 2 K 19. 2 K 27. 3 K 35. 2 K 4. 1 K 12. 2 K 20. 2 K 28. 4 K 36. 3 K 5. 1 K 13. 2 K 21. 3 K 29. 4 K 37. 3 K 6. 1 K 14. 2 C 22. 3 K 30. 4 K 7. 1 C 15. 2 C 23. 3 K 31. 1 K 8. 1 K 16. 2 K 24. 3 K 32. 1 K Mult...

TEST BANK FOR ACCOUNTING,, TOOLS FOR BUSINESS DECISION MAKING 6TH EDITION PAUL D. KIMMEL, JERRY J. WEYGANDT, DONALD E. KIESO CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 12. 2 K 23. 2 K 34. 3 K 45. 3 K 2. 1 K 13. 2 K 24. 2 K 35. 3 C 46. 3 K 3. 1 K 14. 2 K 25. 2 C 36. 3 K 47. 3 K 4. 1 K 15. 2 K 26. 3 K 37. 3 K 48. 3 K 5. 1 C 16...

Question: Accounting records for Allegheny Corporation yield the following data for the year ended June 30, 2018(assume sales returns arenon-existent): Journalize Allegheny’s inventory transactions for the year under the perpetual system.The first transaction is the purchase of inventory. Record the entry. The next transaction is the sale of inventory. Do not yet record the cost related to the sale. We do this in the next journal entry. The last entry is recording the cost of inventory. Record...