Accounting 211 - Study guides, Class notes & Summaries
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TEST BANK Radiographic Pathology for Technologists 6th Edition by Nina Kowalczyk
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TEST BANK Radiographic Pathology for Technologists 6th Edition by Nina KowalczykTable of Contents Chapter 1: Introduction to Pathology .................................................................................................... 1 Chapter 2: Skeletal System .................................................................................................................. 6 Chapter 3: Respiratory System ...........................................................................................
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ACCOUNTING 211 Liberty University - ACCT 211 CH 1-3 verified/passed
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ACCT 211 CH 1-3accounting - correct answer An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities 
 
bookkeeping - correct answer The recording of transactions and events, either manually or electronically 
 
what is the language of business? - correct answer Accounting 
 
external users - correct answer Not directly involved in running the organization, Includes shareholders (inv...
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Accounting 211 questions with answers
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Accounting 211 questions with answersAccounting Transactions - correct answer -Economic events that require recording in the financial statements 
-Exchange of assets, liabilities, and stockholders equity 
 
Accounting Equation - correct answer Assets = Liabilities + Stockholders' Equity 
 
Transaction Analysis - correct answer The process of identifying the specific effects of economic events on the accounting equation 
 
Stockholders' Equity - correct answer -Common stock is affected when th...
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ACCOUNTING 211 Liberty University -Accounting 211 exam 1 graded A+ passed
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Accounting 211 exam 1What is the proper closing entry for dividends? - correct answer *Debit retained earnings, credit dividends* 
 
Ken just started a business and made the following 3 inventory purchases in November: 
-Nov 1- 150 units @ $780 
-Nov 8- 200 units @ $1170 
-Nov 22- 200 units @ $1260 
A physical count of merchandise inventory on Nov 30 reveals that there are 150 units on hand. Using the average cost method, the amount allocated to ending inventory for November is: - correct answer...
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Accounting 211 fully solved
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Accounting 211 fully solvedShare of common stock - correct answer certificates of ownership in a corporation 
 
Dividends - correct answer earnings of a corporation distributed to owners 
 
Fiscal Year - correct answer a year in the life of a business, does not have to match a calendar year 
 
Principal - correct answer amount a loan is made for 
 
Interest - correct answer cost of borrowing money 
 
Sole Proprietorship - correct answer single owner of a business 
 
Parntership - correct answe...
And that's how you make extra money
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ACCOUNTING 211 Liberty University -ACCT 211 Exam 1 well answered
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ACCT 211 Exam 1What is managerial accounting? - correct answer Provides information and analysis to managers inside the organization to assist them in decision making. 
 
Financial Accounting vs Managerial Accounting: Primary Users of Reports - correct answer Financial Accounting is external users, stockholders, creditors, and regulators. 
 
Managerial Accounting is internal users such as managers and officers. 
 
Financial Accounting vs Managerial Accounting: types/frequencies of reports - corr...
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ACCOUNTING 211 Liberty University -Accounting 211 correctly answered rated A+
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Accounting 211Accounting Transactions - correct answer -Economic events that require recording in the financial statements 
-Exchange of assets, liabilities, and stockholders equity 
 
Accounting Equation - correct answer Assets = Liabilities + Stockholders' Equity 
 
Transaction Analysis - correct answer The process of identifying the specific effects of economic events on the accounting equation 
 
Stockholders' Equity - correct answer -Common stock is affected when the company issues new sh...
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ACCOUNTING 211 Liberty University -Accounting 211 fully solved
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Accounting 211Share of common stock - correct answer certificates of ownership in a corporation 
 
Dividends - correct answer earnings of a corporation distributed to owners 
 
Fiscal Year - correct answer a year in the life of a business, does not have to match a calendar year 
 
Principal - correct answer amount a loan is made for 
 
Interest - correct answer cost of borrowing money 
 
Sole Proprietorship - correct answer single owner of a business 
 
Parntership - correct answer owned by t...
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Accounting 211 exam 1 questions well answered graded A+
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Accounting 211 exam 1 questions well answered graded A+What is the proper closing entry for dividends? - correct answer *Debit retained earnings, credit dividends* 
 
Ken just started a business and made the following 3 inventory purchases in November: 
-Nov 1- 150 units @ $780 
-Nov 8- 200 units @ $1170 
-Nov 22- 200 units @ $1260 
A physical count of merchandise inventory on Nov 30 reveals that there are 150 units on hand. Using the average cost method, the amount allocated to ending inventory...
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accounting 211 midterm Questions With Complete Solutions
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accounting 211 midterm Questions With Complete Solutions
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ACCOUNTING 211 Liberty University -Accounting 211 Exam 1 with answers rated A+
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Accounting 211 Exam 1Chapter 1 - correct answer 
 
managerial accounting - correct answer field of accounting that provides economic and financial information for managers and other internal users 
 
main differences between managerial and financial - correct answer managerial: 
-for internal users 
-doesn't have to follow GAAP 
-detailed reports for a specific decision 
-reports as frequently as needed 
 
3 activities and responsibilities of management - correct answer 1. planning 
2. directi...
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