Acct 2301 - Study guides, Class notes & Summaries

ACCT 2301 CH 7 Internal Control and Cash Exam 2024 With 100%Correct Answers

ACCT 2301 Accounting Exam 1 The field of accounting that focuses on providing information for external decision makers is ________. - correct answewfinancial accounting Which of the following is a decision made by an internal user? - correct answewHow much money should the business budget for production? GAAP refers to guidelines for accounting information in the United States. The acronym GAAP in this statement refers to ________. - correct answewGenerally Accepted Accounting Princ...

ACCT 2301 EXAM 2 TEST BANK

Review Test Submission: Acct 2301 Final Exam – ... H Exams Review Test Submission: Acct 2301 Final Exam Review Test Submission: Acct 2301 Final Exam User Shelia Rodriguez Course Principles of Financial Acct. Test Acct 2301 Final Exam Started 4/12/17 8:21 PM Submitted 4/12/17 8:21 PM Due Date 4/12/17 11:59 PM Status Completed Attempt Score 68.02 out of 100.03 points Time Elapsed 2 hours, 0 minute out of 2 hours Results Displayed Submitted Answers, Correct Answers Question 1 If su...

ACCT 2301 Financial Accounting Accounting - correct answerAccounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities. Financial Accounting - correct answerThe field of accounting that focuses on providing information for external decision makers. Managerial Accounting - correct answeraccounting used to provide information and analyses to managers inside the o...

Which of the following is not an example of an indirect cost incurred in manufacturing automobiles? Machinery depreciation in the factory Cost of the automobile engines Plant supervisor salary Plant utilities - ANSWER Cost of the automobile engines Using traditional costing instead of ABC costing might lead to all of the following except expanding low-volume products that appear profitable cutting back on high-volume products that appear unprofitable raising the selling price of low-vo...

Final Exam (BCOR 2301) | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Consideration - Answer -The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value - Answer -Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Perfor...

Final Exam (BCOR 2301) | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Consideration - Answer -The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value - Answer -Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Perfor...

Final Exam (BCOR 2301) Questions and Answers Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the law; may be: - Promise [to do something] e.g. pay supplier upon receiving goods - Performance [of an action otherwise not obligated to] e.g. providin...