Acc/561 Final Examination Study Guide

final examination question Study hire ACC/561 edition 4 1 ACC/561 Final Examination Study Guide This study guide result fixate you for the Final Examination you will complete in the final week. It contains practice questions, which atomic number 18 related to each weeks objectives. In addition, partake to each weeks readings and your educatee guide as study references for the Final Examination. Week ane: Financial coverage and Analysis accusing: Differentiate between fiscal tilts. 1. The _____ is in any case called the statement of financial position. a. income statement b. equipoise sheet c. statement of retained earnings d. statement of working capital flows accusatory: Differentiate between financial statements. 2. _____ is the field of business kindred that develops information for external decision makers, such as stockholders, suppliers, banks, and government restrictive agencies. a. Auditing b. c. d. Tax bank billing Management his tory Financial flooring Objective: Differentiate between financial statements. 3. The primary users of management accounting information are _____. a. bankers b. political regulatory authorities c. inner decision makers d. suppliers Objective: value financial statements of nongovernment organizations. 4.

The Rebecca Company acquired trade stock costing $10,000 on September 1. The company will not pay for the inventory until October 1. This action will refer the Rebecca Company by increase the merchandise inventory account by $10,000 and by _____. a. change magnitude the accounts payable account by $1 0,000 b. c. d. lessen the accounts pa! yable account by $10,000 increasing the capital account by $10,000 decreasing the capital account by $10,000 Objective: Evaluate financial statements of nongovernment organizations. 5. Etiwanda Companys comptroller recorded a debit entry to the accounts payable account and a credit to the cash account. This transaction will _____. a. increase cash and change magnitude accounts...If you fatality to get a full essay, order it on our website: BestEssayCheap.com

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