Acct 101 Study guides, Class notes & Summaries
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![ACCT 101 FINAL EXAM Questions With Correct Answers Latest Updated 2024/2025 (Rated)](/docpics/5463481/6655ea6f7fd45_5463481_121_171.jpeg)
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ACCT 101 FINAL EXAM Questions With Correct Answers Latest Updated 2024/2025 (Rated)
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ACCT 101 FINAL EXAM Questions With Correct Answers Latest Updated 2024/2025 (Rated) The comparison of a company's financial condition and performance to a base amount is 
known as: 
A. Financial reporting 
B. Vertical analysis 
C. Horizontal ratios 
D. Investment analysis 
3. The three most common tools of financial analysis are: 
A. Ratio analysis, horizontal analysis, financial reporting 
B. Horizontal analysis, vertical analysis, ratio analysis 
C. Trend analysis, financial reporting, ratio ...
![ACCT 101 FINAL EXAM Questions and Answers Updated 2024/2025.](/docpics/5482913/6657fa40d8187_5482913_121_171.jpeg)
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ACCT 101 FINAL EXAM Questions and Answers Updated 2024/2025.
- Exam (elaborations) • 31 pages • 2024
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ACCT 101 FINAL EXAM Questions and Answers Updated 2024/2025. A company's sales in 2010 were SR250,000 and in 2011 were SR287,500. Using 2010 as the 
base year, the sales trend percent for 2011 is: 
A. 100% 
B. 15% 
C. 87% 
D. 115% 
2. The comparison of a company's financial condition and performance to a base amount is 
known as: 
A. Financial reporting 
B. Vertical analysis 
C. Horizontal ratios 
D. Investment analysis 
3. The three most common tools of financial analysis are: 
A. Ratio analy...
![ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025 | Graded.](/docpics/5452470/6654a744cddbd_5452470_121_171.jpeg)
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ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025 | Graded.
- Exam (elaborations) • 31 pages • 2024
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- $12.99
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ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025 | Graded. The comparison of a company's financial condition and performance to a base amount is 
known as: 
A. Financial reporting 
B. Vertical analysis 
C. Horizontal ratios 
D. Investment analysis 
3. The three most common tools of financial analysis are: 
A. Ratio analysis, horizontal analysis, financial reporting 
B. Horizontal analysis, vertical analysis, ratio analysis 
C. Trend analysis, financial reporting, ratio analysi...
ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions With Complete Solutions
![ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025.](/docpics/5445867/665407259d250_5445867_121_171.jpeg)
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ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025.
- Exam (elaborations) • 31 pages • 2024
-
- $13.99
- + learn more
ACCT 101 FINAL EXAM Questions and Answers Latest Updated 2024/2025. A company's sales in 2010 were SR250,000 and in 2011 were SR287,500. Using 2010 as the 
base year, the sales trend percent for 2011 is: 
A. 100% 
B. 15% 
C. 87% 
D. 115% 
2. The comparison of a company's financial condition and performance to a base amount is 
known as: 
A. Financial reporting 
B. Vertical analysis 
C. Horizontal ratios 
D. Investment analysis 
3. The three most common tools of financial analysis are: 
A. Rati...
![ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions with Complete solutions](/docpics/5344904/66484588c9e4e_5344904_121_171.jpeg)
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ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions with Complete solutions
- Exam (elaborations) • 26 pages • 2024
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Accounting Correct Answer-Information and measurement system that identifies, records, and communicates information about an organization's business activities 
 
Accounting Equation Correct Answer-Assets = Liabilities + Equity 
 
Assets Correct Answer-Resources of a company owns or controls 
 
Audit Correct Answer-To check the accuracy of financial accounts and records 
 
Auditors Correct Answer-Verify the effectiveness of internal controls 
 
Balance Sheet Correct Answer-describes a company'...
ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions with Complete solutions
ACCT 101 Ivy Tech - Midterm (Ch. 1-6) Questions And Answers| verified completely
![ACCT 101B FINAL REVIEW – KEY| VERIFIED SOLUTION](/docpics/642bec093e32f_2551391.jpg)
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ACCT 101B FINAL REVIEW – KEY| VERIFIED SOLUTION
- Exam (elaborations) • 15 pages • 2023
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ACCT 101B FINAL REVIEW – KEY 
ACCT 101B FINAL REVIEW – KEY 
 
 
 
ACCT 101B FINAL REVIEW – KEY 
CH. 17 
 
An example of a cost which would not be assigned to an overhead cost pool is 
b.	freight-out. 
 
A variable cost is a cost that 
c.	varies in total in proportion to changes in the level of activity. 
 
A cost which remains constant per unit at various levels of activity is a 
a.	variable cost. 
 
A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The...
![Acct 2101 Test 1, Top Questions and answers, 100% Accurate. Verified.](/docpics/3254209/64dbd122926f4_3254209_121_171.jpeg)
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Acct 2101 Test 1, Top Questions and answers, 100% Accurate. Verified.
- Exam (elaborations) • 9 pages • 2023
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Acct 2101 Test 1, Top Questions and answers, 100% Accurate. Verified. 
 
Accounting is a system that ________, ________, and ___________ information that is __________, ________, ___________ to help users make better decisions.--identifies; records; communicates; relevant; reliable; comparable 
 
Objectivity Principle--Accounting information is supported by independent, unbiased evidence that is verifiable. 
 
Cost Principle--Accounting info is based on actual cost. 
 
Going–Concern Principle-...
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