How to record bad debts - Study guides, Class notes & Summaries
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Audit 2 Exam 148 Questions with Verified Answers,100% CORRECT
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Audit 2 Exam 148 Questions with Verified Answers 
 
What are the characteristics professions are distinguished by? - CORRECT ANSWER mastery of certain skill, or education/training; adherence to a common code of values and conducts; and acceptance of a duty to society as a whole 
 
utilitarisism - CORRECT ANSWER the greatest happiness should be achieved for the greatest number of people 
 
golden rule - CORRECT ANSWER treating others as you want to be treated (reciprocity) 
 
theory of rights - C...
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HUD Housing Counseling Exam Questions & Answers 100% Correct
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Rental Obstacle + Solutions: Low Income - Answer -Some Renters reject people whose Rent would be more than 30% of GMI 
-Solutions 
-Apply for Housing Assistance 
-Expand housing search areas 
-Get a roommate 
-Move in w/family or friends 
 
Strategies for decreasing expenses and debt - Answer Prioritize "needs over "wants" 
-reduce or eliminate "wants" 
-cancel or downgrade services(e.g. cable, telephone) 
-limit miscellaneous spending 
- stick to a shopping list 
- pay off a loan or credi...
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UGBA 135 Midterm 1 (Fall 2023)
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1. What is an emergency fund and what is used for? - Answer- - savings to cover 3 to 6 months of living expenses in readily available cash to be used only in the event of an emergency (15% of the earnings paycheck) Standard Savings account 
 
What is our definition of a millionaire? - Answer- someone who can take care of themselves without help from a government agency, financially independent, live the life they want to lead 
 
What is the rule of 72? - Answer- How long it will take to double y...
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ACCO 310 - financial reporting I MULTIPLE CHOICE—Conceptual final exam actual practice verified 2024 questions and answers Concordia University
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ACCO 310 - financial reporting I MULTIPLE CHOICE—Conceptual final exam actual practice verified 2024 questions and answers Concordia University 
 
1.	The essential characteristic(s) of accounting is (are) 
a.	communication of financial information to interested persons. 
b.	communication of financial information about economic entities. 
c.	identification, measurement, and communication of financial information. d. all of these. 
 
2.	Financial accounting is concerned with the process that cul...
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Independent Study GPSTC 320-321 Questions and Answers 100% Correct
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Independent Study GPSTC 320-321 Questions and Answers 100% Correct 
What branch of government does law enforcement fall underneath? 
executive branch 
 
 
 
primary mission of a peace officer 
enforce the law, preserve the public order, protect life and property, and prevent, detect, or investigate crime 
 
 
 
primary role of state level law enforcement agencies 
provide technical assistance to local police agencies 
 
 
 
state's largest law enforcement agency 
Georgia state patrol 
 
 
 
Geo...
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CRCR EXAM MULTIPLE CHOICE, CRCR Exam Prep, Certified Revenue Cycle Representative - CRCR (2023/2024)
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CRCR EXAM MULTIPLE CHOICE, CRCR Exam Prep, Certified Revenue Cycle Representative - CRCR (2023/2024) 
 
What are collection agency fees based on? 
A percentage of dollars collected 
Self-funded benefit plans may choose to coordinate benefits using the gender rule or what other rule? 
Birthday 
In what type of payment methodology is a lump sum or bundled payment negotiated between the payer and some or all providers? 
Case rates 
What customer service improvements might improve the patient accoun...
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CRCR EXAM WITH CORRECT CHOICES, CERTIFIED AND VERRIFIED 2023-2024
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CRCR EXAM WITH CORRECT CHOICES, 
CERTIFIED AND VERRIFIED 
What are collection agency fees based on? - CORRECT ANSWER-A percentage of 
dollars collected 
Self-funded benefit plans may choose to coordinate benefits using the gender rule or 
what other rule? - CORRECT ANSWER-Birthday 
In what type of payment methodology is a lump sum or bundled payment negotiated 
between the payer and some or all providers? - CORRECT ANSWER-Case rates 
What customer service improvements might improve the patie...
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MGT 8803 Exam 1 Questions & Answers Already Solved
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Proprietorship or Partnership - Answer Business not legally separated from owners. They have unlimited liability and no taxation. 
 
Corporations - Answer public or privately held businesses with limited liability and taxes (shareholders incl.) 
 
Assumptions - Answer Separate entity, unity of measurement, going concern, periodicity, materiality 
 
Users of Financial Reports - Answer investors, creditors, government agencies, company management, and financial analysts (Mainly outsiders) 
 
GAAP ...
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Accounting Exam 2 with correct answers 2024.
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What determines a company's use of the specific identification method of costing? 
 
A : 
when the company purchases a large number of low-unit-cost items 
B : 
when the company sells large numbers of low-unit-cost items 
C : 
when the company sells a limited number of high-unit-cost items 
D : 
when the physical flow of units cannot be determined - answer-C 
 
________ is located on the balance sheet as a current asset immediately below receivables. 
A : 
Cost Of Goods Sold 
B : 
Gross Profit ...
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UPDATED MGT 8803 FINAL EXAM ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |A+ GUARANTEED
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What are the (5) assumptions of financial accounting? - ANSWER- 1. Separate entity 
2. Unit of measurement 
3. Going concern 
4. Periodicity 
5. Materiality 
What does materiality mean? - ANSWER- The only information that needs to be 
disclosed in financial statements is information that will be useful for those who rely on 
the financial statements to make decisions. 
What are the qualities of financial statements? (6) - ANSWER- 1. Understandability 
2. Timeliness 
3. Full disclosure 
4. Compar...
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