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ACCT 201A Final Exam Review- Part 1 Questions And A

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ACCT 201A Final Exam Study Guide Questions And A

ACC 201 FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT

©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:30PM. 1 ACC 201 Final WCU Exam Questions And Answers 2025 Update. Realizable value - Answerestimated selling price - any cost to complete/sell goods working capital - Answercurrent assets - current liabilities book value per share - Answertotal stockholders equity / # of common shares outstanding sales tax collected by a retailer is recorded as a liability - Answertrue current portion of long term debt should be recorded as a current liability - Ans...

3 factors that contribute to fraud - correct answers opportunity financial pressure rationalization T/F The Sarbanes-Oxley Act applies to privately traded US corporation. - correct answers false; publicly traded organization 4 purposes for internal control - correct answers 1. safeguard assets 2. enhance accuracy and reliability of accounting records 3. increase efficiency of operations 4. ensure compliance with laws and regulations Internal control is used in business to enhance ...

ACC 201 UPDATED ACTUAL Exam Questions and CORRECT Answers Liabilities of a company are owed to - CORRECT ANSWER - creditors Which of the following is not a reason one set of international accounting standards are needed? - CORRECT ANSWER - All of these answer choices are reasons one set of international accounting standards are needed

ACC 201 UPDATED ACTUAL Exam Questions and CORRECT Answers Liabilities of a company are owed to - CORRECT ANSWER - creditors Which of the following is not a reason one set of international accounting standards are needed? - CORRECT ANSWER - All of these answer choices are reasons one set of international accounting standards are needed. If expenses are paid in cash, then - CORRECT ANSWER - assets will decrease