Cob 241 Study guides, Class notes & Summaries
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![ALL HESI EXIT Questions and Answers Test Bank; A+ Rated Guide (2022)](/docpics/4434990/65c227fdcec3d_4434990_121_171.jpeg)
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ALL HESI EXIT Questions and Answers Test Bank; A+ Rated Guide (2022)
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ALL HESI EXIT Questions and Answers Test Bank; A+ Rated Guide (2022) 
 
 
271. A client receives a new prescription for simvastatin (Zocor) 5 mg PO daily at bedtime. What action should the nurse take? 
Administer the medication as prescribed with a glass of water 
272. Which client should the nurse assess frequently because of the risk for overflow incontinence? A client 
Who is confused and frequently forgets to go to the bathroom 
273. While monitoring a client during a seizure, which interven...
![COB 241: Ch 7 Exam Questions With 100% Answers](/docpics/3618025/6529a67e364d3_3618025_121_171.jpeg)
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COB 241: Ch 7 Exam Questions With 100% Answers
- Exam (elaborations) • 8 pages • 2023
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COB 241: Ch 7 Exam Questions With 100% Answers 
 
Journal entry to recognize accrued interest includes a: - ANSWER- credit to Interest Revenue 
 
debit to Interest Receivable 
 
When a company recognizes uncollectible accounts expense, - ANSWER- cash flow from operating activities is not affected 
 
Which of the following statements is affected when a company writes-off an uncollectible account receivable - ANSWER- balance sheet 
 
when a company recognizes a write-off of an uncollectible accoun...
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COB 241: Ch 7 Exam Questions With 100% Answers
- Exam (elaborations) • 8 pages • 2023
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COB 241: Ch 7 Exam Questions 
With 100% Answers 
Journal entry to recognize accrued interest includes a: - ANSWER- credit to Interest 
Revenue 
debit to Interest Receivable 
When a company recognizes uncollectible accounts expense, - ANSWER- cash flow 
from operating activities is not affected 
Which of the following statements is affected when a company writes-off an 
uncollectible account receivable - ANSWER- balance sheet 
when a company recognizes a write-off of an uncollectible account,...
![COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS.](/docpics/3901882/6561d95d878ff_3901882_121_171.jpeg)
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COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS.
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COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS.COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 241 EXAM 1 2023 QUESTIONS WITH COMPLETE SOLUTIONS. COB 24...
![COB 241: Ch 7 Exam Questions With 100% Answers](/docpics/4181979/659d80ca4949b_4181979_121_171.jpeg)
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COB 241: Ch 7 Exam Questions With 100% Answers
- Exam (elaborations) • 8 pages • 2024
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COB 241: Ch 7 Exam Questions 
With 100% Answers 
Journal entry to recognize accrued interest includes a: - ANSWER- credit to Interest 
Revenue 
debit to Interest Receivable 
When a company recognizes uncollectible accounts expense, - ANSWER- cash flow 
from operating activities is not affected 
Which of the following statements is affected when a company writes-off an 
uncollectible account receivable - ANSWER- balance sheet 
when a company recognizes a write-off of an uncollectible account,...
![COB 241: Ch 7 Exam Questions With 100% Answers](/docpics/3837965/65545bd45b3d6_3837965_121_171.jpeg)
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COB 241: Ch 7 Exam Questions With 100% Answers
- Exam (elaborations) • 8 pages • 2023
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COB 241: Ch 7 Exam Questions 
With 100% Answers 
Journal entry to recognize accrued interest includes a: - ANSWER- credit to Interest 
Revenue 
debit to Interest Receivable 
When a company recognizes uncollectible accounts expense, - ANSWER- cash flow 
from operating activities is not affected 
Which of the following statements is affected when a company writes-off an 
uncollectible account receivable - ANSWER- balance sheet 
when a company recognizes a write-off of an uncollectible account,...
![COB 241 exam 3 Questions and answers, verified// Examinable predictor paper, APPROVED/](/docpics/4511512/65ce66f822fe2_4511512_121_171.jpeg)
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COB 241 exam 3 Questions and answers, verified// Examinable predictor paper, APPROVED/
- Exam (elaborations) • 8 pages • 2024
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COB 241 exam 3 Questions and 
answers, verified/ 
Net realizable value - -of accounts receivable represents the amount if receivables a company 
estimates it will actually collect (accounts receivable - allowance for doubtful accounts) 
Allowance for doubtful accounts - -represents a company's estimate of the amount of uncollectible 
receivables 
Allowance method of accounting for uncollectible account - -reporting accounts receivable in the 
financial statements at the net realizable value...
![COB 241 CHAPTERS 1 AND 2 EXAM 2024 WITH 100% ACCURATE SOLUTIONS](/docpics/5747910/6683743bc0455_5747910_121_171.jpeg)
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COB 241 CHAPTERS 1 AND 2 EXAM 2024 WITH 100% ACCURATE SOLUTIONS
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stakeholder - ANSWER ☑☑person or entity that has an interest in the economic performance and well being of a business 
 
synonym of shareholder - ANSWER ☑☑stockholder, owner, investor 
 
accounting is a system of... - ANSWER ☑☑getting reliable information to some or all of the stakeholders 
 
financial vs managerial - ANSWER ☑☑financial (external) and managerial (internal) 
 
public accounting vs private accounting - ANSWER ☑☑public: work for a business that has business...
![COB 241 Final Exam Review Questions and answers, rated A+/ Examinable predictor paper, APPROVED/](/docpics/4511374/65ce62f99f1a6_4511374_121_171.jpeg)
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COB 241 Final Exam Review Questions and answers, rated A+/ Examinable predictor paper, APPROVED/
- Exam (elaborations) • 16 pages • 2024
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COB 241 Final Exam Review Questions 
and answers, rated A+ 
What is the accounting equation - -Assets= Liabilities + Equity 
What is an income statement and what is included on it - --reports operations for a period of time 
- Revenue-expenses= net income 
-closed to retained earnings at the end of the year 
What is on the Statement of Stockholder's equity - -Beginning Common stock 
+Common Stock Issued 
=Ending Common Stock 
Beginning Retained Earnings 
+Net income 
-Dividends 
=Ending Retain...
![COB 241 Accounting Final Exam Review Questions and answers, rated A+/ Examinable predictor paper, APPROVED/](/docpics/4511472/65ce6603e6865_4511472_121_171.jpeg)
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COB 241 Accounting Final Exam Review Questions and answers, rated A+/ Examinable predictor paper, APPROVED/
- Exam (elaborations) • 15 pages • 2024
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COB 241 Accounting Final Exam Review 
Questions and answers, rated A+ 
1. An account's "normal" balance is 
a. The debit side 
b. The credit side 
c. The side on which decreases are recorded 
d. The side on which increases are recorded - -D 
2. Which of the following accounts normally has a debit balance? 
a. Accumulated depreciation 
b. Depreciation expense 
c. Unearned revenue 
d. Retained earnings - -B 
3. Beginning and ending Cash balances were $7,500 and $11,000, respectively. If total...
![COB 241: Ch 7 Exam Questions With 100% Answers](/docpics/3866540/655a9687d4c60_3866540_121_171.jpeg)
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COB 241: Ch 7 Exam Questions With 100% Answers
- Exam (elaborations) • 8 pages • 2023
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- $12.49
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COB 241: Ch 7 Exam Questions 
With 100% Answers 
Journal entry to recognize accrued interest includes a: - ANSWER- credit to Interest 
Revenue 
debit to Interest Receivable 
When a company recognizes uncollectible accounts expense, - ANSWER- cash flow 
from operating activities is not affected 
Which of the following statements is affected when a company writes-off an 
uncollectible account receivable - ANSWER- balance sheet 
when a company recognizes a write-off of an uncollectible account,...
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