Acct 211 test 1 - Study guides, Class notes & Summaries
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acct 211 test 1 questions with 100% correct answers
- Exam (elaborations) • 9 pages • 2024
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acct 211 test 1 questions with 100% correct answersservice company - correct answer Provides a service - does something for you instead of providing something to you 
ex. lion tutors 
 
merchandising company - correct answer Buys goods, adds value to the goods and then resells the goods with added value 
Ex. Target 
 
manufacturing company - correct answer Makes goods then sells them 
Ex: Boeing 
 
financial services company - correct answer Provide a services related to money 
 
Ex: Investment ...
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ACCOUNTING 211 Liberty University -acct 211 test 1 with answers rated A+
- Exam (elaborations) • 9 pages • 2024
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acct 211 test 1service company - correct answer Provides a service - does something for you instead of providing something to you 
ex. lion tutors 
 
merchandising company - correct answer Buys goods, adds value to the goods and then resells the goods with added value 
Ex. Target 
 
manufacturing company - correct answer Makes goods then sells them 
Ex: Boeing 
 
financial services company - correct answer Provide a services related to money 
 
Ex: Investment banks 
 
share of common stock - cor...
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acct 211 test 1 Liberty university Question and answers already passed
- Exam (elaborations) • 9 pages • 2024
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acct 211 test 1 Liberty university Question and answers already passed acct 211 test 1 
 
 
service company - correct answer Provides a service - does something for you instead of providing something to you 
ex. lion tutors 
 
merchandising company - correct answer Buys goods, adds value to the goods and then resells the goods with added value 
Ex. Target 
 
manufacturing company - correct answer Makes goods then sells them 
Ex: Boeing 
 
financial services company - correct answer Provide a ...
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ACCT 211 - EXAM 2 - KOSS Liberty university Question and answer rated A+
- Exam (elaborations) • 4 pages • 2024
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ACCT 211 - EXAM 2 - KOSS Liberty university Question and answer rated A+ ACCT 211 - EXAM 2 - KOSS 
 
 
days' sales uncollected - correct answer (Accounts receivable/ net sales) x 365 
 
current ratio - correct answer current assets/ current liabilities 
 
acid test ratio - correct answer (cash and cash equivs + short term investments + current receivables)/ current liabilities 
 
current liabilities - correct answer payables and unearned rev 
 
current assets - correct answer cash, short term...
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ACCOUNTING 211 Liberty University -ACCT 211 - EXAM 2 - KOSS fully solved rated
- Exam (elaborations) • 4 pages • 2024
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ACCT 211 - EXAM 2 - KOSSdays' sales uncollected - correct answer (Accounts receivable/ net sales) x 365 
 
current ratio - correct answer current assets/ current liabilities 
 
acid test ratio - correct answer (cash and cash equivs + short term investments + current receivables)/ current liabilities 
 
current liabilities - correct answer payables and unearned rev 
 
current assets - correct answer cash, short term investments, a/r, notes receivable, inventory, prepaids 
 
how many entries do y...
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ACCT 211 - EXAM 2 - KOSS fully solved graded A+
- Exam (elaborations) • 4 pages • 2024
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ACCT 211 - EXAM 2 - KOSS fully solved graded A+days' sales uncollected - correct answer (Accounts receivable/ net sales) x 365 
 
current ratio - correct answer current assets/ current liabilities 
 
acid test ratio - correct answer (cash and cash equivs + short term investments + current receivables)/ current liabilities 
 
current liabilities - correct answer payables and unearned rev 
 
current assets - correct answer cash, short term investments, a/r, notes receivable, inventory, prepaids 
...
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Tyler junior college catalog 2022 2023
- Other • 286 pages • 2023
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Table of Contents 
ABOUT TJC 9 
Board of Trustees................................................................................ 9 
Accreditation........................................................................................ 9 
TJC Mission Statement...................................................................... 9 
TJC Vision Statement......................................................................... 9 
TJC Civility Statement...................................................
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ACCT 211 Connect Homework Chapter 4 Problems Liberty University answers complete solutions (latest 2022/2023) Valley Company’s adjusted trial balance on August 31, 2017, its fiscal year-end, follows. 	 	 	Debit	 	 	Credit	 Merchandise inventory	 	$	
- Summary • 44 pages • 2020
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ACCT 211 Connect Homework Chapter 4 Problems Liberty University answers complete solutions (latest 2022/2023) 
 
Valley Company’s adjusted trial balance on August 31, 2017, its fiscal year-end, follows. 
 
 	 	 	Debit	 	 	Credit	 
Merchandise inventory	 	$	41,000	 	 	 	 
Other (noninventory) assets	 	 	130,400	 	 	 	 
Total liabilities	 	 	 	 	$	25,000	 
Common stock	 	 	 	 	 	10,000	 
Retained earnings	 	 	 	 	 	94,550	 
Dividends	 	 	8,000	 	 	 	 
Sales	 	 	 	 	 	225,600	 
Sales di...
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