Accounting 101 Exam 1 Questions With
100% Correct Answers Guaranteed Pass.
D. All of the above - AnswerEthics deals with the moral quality, fitness, or propriety of a
course of action that may injure or benefit people. I can make an ethical decision while taking the
exam by:
a. Relying upon my...
D. All of the above - Answer✔Ethics deals with the moral quality, fitness, or propriety of a
course of action that may injure or benefit people. I can make an ethical decision while taking the
exam by:
a. Relying upon my own efforts in completing this exam
b. Using only approved resources (i.e. calculator vs cell phones) while taking this exam c.
Refraining from looking at my neighbor's exam for answers
d. All of the above
A. Managerial accounting uses both financial and non-financial measures of performance. -
Answer✔Which of the following statements correctly distinguishes between financial and
managerial accounting?
a. Managerial accounting uses both financial and non-financial measures of performance
b. Financial accounting is oriented toward the future
c. Financial accounting is primarily concerned with providing information for internal users
d. Financial accounting is oriented toward the planning and control aspects of management. e.
Managerial accounting focuses on the whole organization
C. Product costs may appear on the balance sheet as assets. - Answer✔Product costs differ from
period expenses because
a. period expenses are not considered part of operating expenses for a manufacturing
company
b. period expenses reduce reported income whereas product costs do not
c. product costs may appear on the balance sheet as assets
d. product costs are expenses for manufacturing companies and period expenses are expenses
for service organizations.
1|Page
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Fyndlay. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $10.49. You're not tied to anything after your purchase.