Accounting 200 exam 1 - Study guides, Class notes & Summaries

Accounting 200 Exam 1 UTK Questions and Answers (100% Pass)

Accounting 200 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Accounting 200 Exam 1 Questions and Answers (100% Pass)

Accounting 200 Exam 1 Questions & Answers 2023/2024 account payable - ANSWER-a liability backed by the general reputation and credit standing at the debtor. accounting - ANSWER-the information system that measures business activities, processes that information into reports and financial statements, and communicates the results to decision makers. accounting equation - ANSWER-assets=liabilities+owners equity asset - ANSWER-an economic resource that is expected to be of benefit in t...

Accounting 200 Exam 1 Verified Answers 2 Types of Adjusting Entries ️Accruals - When revenue or expenses precedes the cash Deferrals - When revenue or expenses follow the cash 3 Types of Business Entities? ️1.) Sole Proprietorship - Simplest, most common - one person 2.) Partnership - Mutual Risk with partners 3.) Corporation - Double-taxation/Limited Liability A Debit to Retained earnings means... ️A Dividend was paid to shareholders Accounting Cycle (Definition) ️The proc...

MAN 320F Exam 1 Aroian (Oct 18) Study Guide with Complete Solutions Organizational Behavior - Answer️️ -The systematic study of the actions and attitudes that people exhibit within organizations. Goals of Organizational Behavior - Answer️️ --Explain -Predict -Influence/control Fundamental laws of business - Answer️️ -1) It always takes longer than you scheduled! 2) It always costs more than you budgeted! 3) When placed in difficult situation, people will take the path of le...

Accounting 200 Exam 1 | Questions And Answers

account payable - correct answer a liability backed by the general reputation and credit standing at the debtor. accounting - correct answer the information system that measures business activities, processes that information into reports and financial statements, and communicates the results to decision makers. accounting equation - correct answer assets=liabilities+owners equity asset - correct answer an economic resource that is expecte...

account payable - ️️a liability backed by the general reputation and credit standing at the debtor. accounting - ️️the information system that measures business activities, processes that information into reports and financial statements, and communicates the results to decision makers. accounting equation - ️️assets=liabilities+owners equity asset - ️️an economic resource that is expected to be of benefit in the future. balance sheet - ️️list of an entity's asse...

What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? Extraordinary gains/losses 2. what is false about depreciation and amortization D&A may be classified within interest expense 3. Company X's current assets increased by $40 million from while the companies current liabilities increased by $25 million over the same period. the cash impact of the change in working capital was a decrease of 15 million 4. the final component of an earnings projec...