Acc 280 - Study guides, Class notes & Summaries

ACC 455 WEEK 1 KNOWLEDGE CHECKACC 455 WEEK 1 KNOWLEDGE CHECK Which of the following results in an ordinary gain or loss? a) Sale of a machine at a gain b) Sale of stock held for investment c) Sale of a §1231 asset d) Sale of inventory e) None of the choices are correct 2. Mary exchanged an office building used in her business for some land. Mary originally purchased the building for $45,000 and it had an adjusted basis of $20,000 at the time of the exchange. The land had a fair market ...

ACC 280 Final Exam 2 1. Accountants refer to an economic event as a 2. The use of computers in recording business events 3. Which of the following is an external user of accounting information? 4. The origins of accounting are generally attributed to the work of 5. Generally accepted accounting principles are 6. Which one of the following is not a part of an account? 7. Credits 8. A debit to an asset account indicates 9. The normal balance of any account is the 10. ...

ACC 280 Final Exam 6 1. (TCO 1) Which of the following would not be considered an internal user of accounting data for a company? 2. (TCO 1) Resources owned by a business are referred to as . 3. (TCO 1) To show how successfully your business performed during a period of time, you would report its revenues and expenses in the 4. (TCO 1) Henson Company began the year with retained earnings of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and paid ...

The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepwis e approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their providers or a pharmacist first? 6. Second-generat...

ACC 280 Final Exam 4 1. Because accounting often requires estimates to be made to assess the effect of a transaction, the shorter the time period, the easier it becomes to determine the proper adjustments. 4. A company's calendar year and fiscal year are always the same. 5. Accounting time periods that are one year in length are referred to as interim periods. 6. Income will always be greater under the cash basis of accounting than under the accrual basis of accounting. 7. The...

ACC 280 Final Exam 5 1. An account 2. The left side of an account is 3. The double-entry system requires that each transaction must be recorded 4. Which one of the following represents the expanded basic accounting equation? 5. Dawson’s Delivery Service purchased equipment for $2,500. Dawson paid $500 in cash and signed a note for the balance. Dawson debited the equipment account, credited cash and 6. Credits 7. On January 14, Franco Industries purchased supplies of $500 on account. T...

NSG 6005 Midterm Exam Test Bank 1. The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepwise approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their p...

. The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepw ise approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their providers or a pharmacist first? 6. Second-gener...

NSG 6005 Midterm Exam Test Bank 1. The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepwise approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their p...

NSG 6005 Midterm Exam Test Bank 1. The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepwise approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their p...