Accounting 211 exam 1 - Study guides, Class notes & Summaries

Accounting 211 Chapter 1-4 Liberty university Questions with complete solution Accounting 211 Chapter 1-4 Three types of businesses are - correct answer 1. Financing Activities: borrowing or paying back money to lenders and receiving additional funds from stockholders or paying them dividends 2. Investing Activities: buying or selling items such as plant and equipment used in the production of beverages. 3. Operating Activities: the day-to-day process of purchasing raw tea and othe...

ACCT 211-Liberty University EXAM 1 Question and answers rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly invol...

ACCT-211 Exam 1 Questions & Answer Liberty university rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involve...

ACCT-211 Exam 1 Questions & Answer Liberty university rated A+ ACCT 211-Liberty University EXAM 1 Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involve...

ACCT 211 - Exam 1__________ is called the language of business - correct answer Accounting External users - correct answer Lender, Shareholders, Governments, Consumer Groups, External Auditors, Customers Internal users: - correct answer officers, managers, internal auditors, sales staff, budget officers, controllers GAAP - correct answer Generally Accepted Accounting Principles GAAP aims to make information - correct answer relevant, reliable, comparable Relevant information _____...

Acc 211 Exam 3 - Missouri State University – Thornton Practice Questions and Answers What are the steps in the decision making model? - Ans:-1. Recognize and define the problem 2. Identify alternatives as possible solutions to the problem 3. Identify the costs and benefits associated with each feasible alternative 4. Estimate the relevant costs and benefits for each feasible alternative 5. Assess qualitative factors 6. Make the decision by selecting the alternative with the greatest ove...

ACCTG 211 EXAM 1 | QUESTIONS AND 100% CORRECT ANSWERS | LATEST UPDATE |GRADED A+ How does the rendering of services on account affect the accounting equation? a. assets increase; stockholders' equity increases b. assets decrease; stockholders' equity decrease c. assets increase; stockholders' equity decreases d. liabilities increase; stockholders' equity decreases ANS a. assets increase; stockholders' equity increases Identify which of the following accounts appear on a balance...

WGU D080 Exam Test with Verified Answers Graded A+ 1. Globalization: Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and investors 2. trade: The action of buying and selling goods and services 3. capital: Financial assets such as funds but also equipment, facilities, and other means of production 4. outsource: To...

Excel Final Exam Review 211 Questions with Verified Answers Which group on the View Ribbon enables a user to show or hide the ruler, gridlines, Formula Bar, or headings? - CORRECT ANSWER B. Show Which of the following notebook- like features organizes the sheets for use in Excel? - CORRECT ANSWER A. Workbook Which view enables a user to create or modify a worksheet while seeing how it will look in printed format? - CORRECT ANSWER A. Page Layout Which of the following would you use to...