Accounting crash exam - Study guides, Class notes & Summaries

Accounting Crash Course Exam V4 Wall Street Exam Questions and Answers Latest Updated 2024/2025 | Graded A+. Why is Accounting Important?: Enables managers to make corporate decisions Enables the general public to make investment decisions 3. Who Uses Accounting?: Used by a variety of organizations - from the federal government to non-profit organizations to small businesses to corporations We will discuss accounting rules as they pertain to publicly-traded companies Accounting Crash Course...

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Accounting Crash Course Exam V4 Wall Street Prep Exam Questions with complete Answers | Latest Updated 2024/2025 | Graded A+. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial p...

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WGU C213 FINAL EXAM(QUESTIONS AND ANSWERS) 2023/2024 Order of assets listed on the balance sheet - CORRECT ANSWER-Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets...

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Wall Street Prep Accounting Crash Course Exam 1. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees)

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