Acc 2101 exam - Study guides, Class notes & Summaries
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Acc 2101 Exam Questions with Correct Answers
- Exam (elaborations) • 142 pages • 2023
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Acc 2101 Exam Questions with Correct Answers 
Accounting is a system of maintaining records of a company's operations and communicating this information to decision makers - ANSWER True 
 
Accounting information is used by investors to decide whether to invest in a company's stock - ANSWER True 
 
Accounting information is used by creditors to decide whether to invest in a company's stock - ANSWER False 
Feedback: Creditors lend money to a company. 
 
The primar...
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Acct 2101 Top Exam Questions and answers, 100% Accurate. Graded A+
- Exam (elaborations) • 12 pages • 2023
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Acct 2101 Top Exam Questions and answers, 100% Accurate. Graded A+ 
 
Accounting area focused on providing information to assist business owner and managers in making business decisions	Managerial Accounting 
 
standards of conduct for judging right from wrong, honest from dishonest, and fair from unfair	Ethics 
 
focuses on three factors that affect the accounting reporting environment – opportunity, incentives, and character	Sarbanes Oxley Act of 2002 
 
costs that can be traced to the objec...
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