Acct 211 exam - Study guides, Class notes & Summaries

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ACCOUNTING 211 Liberty University -ACCT 211 Exam 1 well answered
  • ACCOUNTING 211 Liberty University -ACCT 211 Exam 1 well answered

  • Exam (elaborations) • 25 pages • 2024
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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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ACCT 211 Exam 1 questions well answered
  • ACCT 211 Exam 1 questions well answered

  • Exam (elaborations) • 25 pages • 2024
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  • ACCT 211 Exam 1 questions well answered What 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/freq...
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ACCOUNTING 211 Liberty University -ACCT 211 Exam 3 questions with answers
  • ACCOUNTING 211 Liberty University -ACCT 211 Exam 3 questions with answers

  • Exam (elaborations) • 15 pages • 2024
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  • ACCT 211 Exam 3(Ch. 7) Long-Term Assets Tangible Asset - correct answer Material: Land, buildings, equipment, etc. (Ch. 7) Long-Term Assets Intangible Asset - correct answer Non-material: Patents, trademarks, copyrights, etc. (Ch. 7) Long-Term Assets Tangible and intangible assets are recorded in the _____________________ - correct answer Balance sheet (Ch. 7) Long-Term Assets We record a __________________ at its cost PLUS all expenditures necessary - correct answer Long-term asset...
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ACCT 211 Exam 3 questions n answers graded A+
  • ACCT 211 Exam 3 questions n answers graded A+

  • Exam (elaborations) • 15 pages • 2024
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  • ACCT 211 Exam 3 questions n answers graded A+(Ch. 7) Long-Term Assets Tangible Asset - correct answer Material: Land, buildings, equipment, etc. (Ch. 7) Long-Term Assets Intangible Asset - correct answer Non-material: Patents, trademarks, copyrights, etc. (Ch. 7) Long-Term Assets Tangible and intangible assets are recorded in the _____________________ - correct answer Balance sheet (Ch. 7) Long-Term Assets We record a __________________ at its cost PLUS all expenditures necessary - ...
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ACCT 211 Exam 1 Liberty university Question and answers 100% correct
  • ACCT 211 Exam 1 Liberty university Question and answers 100% correct

  • Exam (elaborations) • 25 pages • 2024
  • ACCT 211 Exam 1 Liberty university Question and answers 100% correct ACCT 211 Exam 1 What 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. Financ...
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ACCT 211 Exam questions with complete  solutions
  • ACCT 211 Exam questions with complete solutions

  • Exam (elaborations) • 11 pages • 2024
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  • ACCT 211 Exam questions with complete solutionsAsset, Liability, or Equity: Accounts Payable - correct answer Liability Asset, Liability, or Equity: Accounts Recievable - correct answer Asset Asset, Liability, or Equity: Equipment - correct answer Asset Asset, Liability, or Equity: Sales Revenue - correct answer Equity (+) Asset, Liability, or Equity: Service Revenue - correct answer Equity (+) Asset, Liability, or Equity: INventory - correct answer Asset Ass...
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ACCOUNTING 211 Liberty University -ACCT 211 Exam 1 well answered
  • ACCOUNTING 211 Liberty University -ACCT 211 Exam 1 well answered

  • Exam (elaborations) • 9 pages • 2024
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  • ACCT 211 Exam 1What is the primary purpose of financial accounting? - correct answer To measure business activities of a company and then communicate them to external parties for decision making purposes. Distinguish between managerial and financial accounting. - correct answer +Managerial-Accounting information that is provided for internal users (Managers). +Financial-Accounting information that is provided for external users. Limited liability. - correct answer Prevents stockholders ...
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ACCT 211 Exam Liberty university Questions with complete solution
  • ACCT 211 Exam Liberty university Questions with complete solution

  • Exam (elaborations) • 15 pages • 2024
  • ACCT 211 Exam Liberty university Questions with complete solution ACCT 211 Exam 3 (Ch. 7) Long-Term Assets Tangible Asset - correct answer Material: Land, buildings, equipment, etc. (Ch. 7) Long-Term Assets Intangible Asset - correct answer Non-material: Patents, trademarks, copyrights, etc. (Ch. 7) Long-Term Assets Tangible and intangible assets are recorded in the _____________________ - correct answer Balance sheet (Ch. 7) Long-Term Assets We record a __________________ at i...
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ACCT 211 Exam 1 questions with correct answers graded A+
  • ACCT 211 Exam 1 questions with correct answers graded A+

  • Exam (elaborations) • 9 pages • 2024
  • Available in package deal
  • ACCT 211 Exam 1 questions with correct answers graded A+ What is the primary purpose of financial accounting? - correct answer To measure business activities of a company and then communicate them to external parties for decision making purposes. Distinguish between managerial and financial accounting. - correct answer +Managerial-Accounting information that is provided for internal users (Managers). +Financial-Accounting information that is provided for external users. Limited liabili...
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ACCOUNTING 211 Liberty University -ACCT 211 Exam well answered to pass
  • ACCOUNTING 211 Liberty University -ACCT 211 Exam well answered to pass

  • Exam (elaborations) • 11 pages • 2024
  • Available in package deal
  • ACCT 211 ExamAsset, Liability, or Equity: Accounts Payable - correct answer Liability Asset, Liability, or Equity: Accounts Recievable - correct answer Asset Asset, Liability, or Equity: Equipment - correct answer Asset Asset, Liability, or Equity: Sales Revenue - correct answer Equity (+) Asset, Liability, or Equity: Service Revenue - correct answer Equity (+) Asset, Liability, or Equity: INventory - correct answer Asset Asset, Liability, or Equity:
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