Business accounts Study guides, Revision notes & Summaries
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![Ivy Tech Community College ACCT Exit Exam Review Questions With Complete Solutions](/docpics/3035023/64a9bf2248178_3035023_121_171.jpeg)
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Ivy Tech Community College ACCT Exit Exam Review Questions With Complete Solutions
- Exam (elaborations) • 15 pages • 2023
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What is the accounting equation? correct answer: Assets = Liabilities + Owner's Equity 
 
Adding property Plant or Equipment into a business through an investment by the owner would: 
 
a. Increase expenses and increase assets 
b. Increase one asset and decrease another asset 
c. Decrease one asset and increase another asset 
d. Increase O.E. and increase assets correct answer: A. Increase expenses and increase assets 
 
Paying off an account payable with Cash would: 
 
a. Increase assets and...
![FAC1602 ASSIGNMENT 2 FOR 2024 - Pass obtained](/docpics/4950882/661428ba678d2_4950882_121_171.jpeg)
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FAC1602 ASSIGNMENT 2 FOR 2024 - Pass obtained
- Other • 13 pages • 2024
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Question 1 
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Which one of the following alternatives is correct? 
 
a. 
The retirement of a partner from a partnership does not require the calculation of a new profit-sharing ratio but a simple reallocation of a retired partner’s share. 
 
b. 
Since partnerships are not governed by a law requiring that IFRS be applied, it is not possible to introduce a standardised accounting procedure according to which changes in the owne...
![Hootsuite Platform Certification Exam Answers](/docpics/4807131/65fcae9f9e64b_4807131_121_171.jpeg)
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Hootsuite Platform Certification Exam Answers
- Exam (elaborations) • 11 pages • 2024
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Hootsuite Platform Certification Exam Answers 
 
Which of the following actions can not be done in the Hootsuite Planner? 
 
1 - ANSWER- *performing a geo-search 
rescheduling a post 
composing a post 
editing a post 
 
In Hootsuite's Promote feature, what are automation triggers used for? 
 
2 - ANSWER- *Analyzing the performance of past posts in bulk, in order to recommend candidates for paid promotion. 
Automatically stopping an advertising campaign that falls below a certain threshold of pe...
![Test Bank for Auditing & Assurance Services, 4th Canadian Edition by William F. Messier](/docpics/3356608/64f300ebccfa4_3356608_121_171.jpeg)
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Test Bank for Auditing & Assurance Services, 4th Canadian Edition by William F. Messier
- Exam (elaborations) • 378 pages • 2023
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Test Bank for Auditing & Assurance Services 4ce 4th Canadian Edition by William F. Messier, Steven M. Glover, Douglas F. Prawitt, Naomi Paisley, Gregory Springate. Full Chapters test bank are included - Chapter 1 to 21 
 
PART ONE: INTRODUCTION TO ASSURANCE AND FINANCIAL STATEMENT AUDITING 
 
CHAPTER 1 AN INTRODUCTION TO ASSURANCE AND FINANCIAL STATEMENT AUDITING 
CHAPTER 2 THE FINANCIAL STATEMENT AUDITING ENVIRONMENT 
 
PART TWO: AUDIT PLANNING AND BASIC AUDITING CONCEPTS 
 
CHAPTER 3 AUDIT PLA...
![WGU C213 Accounting for Decision Makers Final Exam (Latest 2023/ 2024) | Questions and Verified Answers | 100% Correct](/docpics/3334051/64ee5028a6d6e_3334051_121_171.jpeg)
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WGU C213 Accounting for Decision Makers Final Exam (Latest 2023/ 2024) | Questions and Verified Answers | 100% Correct
- Exam (elaborations) • 61 pages • 2023
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WGU C213 Accounting for Decision Makers Final Exam (Latest 2023/ 2024) | Questions and Verified Answers | 100% Correct 
 
Q: Given the following information, compute operating income - 
Cost of Goods Sold $2,000 
Extraordinary Item -170 
Income Taxes 350 
Interest Expense 200 
Operating Expenses 1,500 
Sales 5,500 
 
 
Answer: 
Correct Answer $2,000 
 
$5,500 - $2,000 - $1,500 = $2,000 
 
 
 
Q: Given the following information, compute comprehensive income - 
Extraordinary Loss -80 
Income Taxe...
![Test Bank for Fundamentals of Financial Management, 16th Edition by Eugene F. Brigham](/docpics/2698203/645405e0f4058_2698203_121_171.jpeg)
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Test Bank for Fundamentals of Financial Management, 16th Edition by Eugene F. Brigham
- Exam (elaborations) • 486 pages • 2023
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Test Bank for Fundamentals of Financial Management 16e 16th Edition by Eugene F. Brigham, Joel F. Houston. ISBN-13: 7574 
 
Full Chapters test bank included 
 
Part 1: Introduction to Financial Management 
Chapter 1: An Overview of Financial Management 
Putting Things in Perspective 
1-1: What is Finance? 
1-2: Jobs in Finance 
1-3: Forms of Business Organization 
1-4: The Main Financial Goal: Creating Value for Investors 
1-5: Stockholder–Manager Conflicts 
1-6: Stockholder–Debtholder Confl...
![Quickbooks online questions and answers latest updated 2023](/docpics/641aef3599827_2501376.jpg)
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Quickbooks online questions and answers latest updated 2023
- Exam (elaborations) • 9 pages • 2023
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Quickbooks online questions and answers latest updated 2023 
What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? 
Chart of accounts, Customers, Products and Services, and Vendors 
 
 
 
Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? 
It is possible to add more accounts after starting a new company 
 
 
 
What company information does QuickBooks ask for when you first create a new QuickBooks o...
![HUD Certification Questions And Answers 2023](/docpics/63e4550db4e46_2351765.jpg)
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HUD Certification Questions And Answers 2023
- Exam (elaborations) • 18 pages • 2023
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Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? 
 
Pay stub 
Retirement plan statement 
List of assets 
Current lease - Answer- Pay stub 
 
A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? 
 
Find a second job 
Borrow from retirement fund 
Sell ma...
![WGU Business Law for Accountants - D216 | 354 Questions and Answers(A+ Solution guide)](/docpics/3578791/6521e11dc9983_3578791_121_171.jpeg)
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WGU Business Law for Accountants - D216 | 354 Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 36 pages • 2023
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14th Amendment - passed in 1868 after the Civil War, provides, in part, that "[n]o State shall . . . 
deprive any person of life, liberty, or property, without due process of law." 
action at law - File a complaint, jury or judge, judgement, monetary damages or property 
action in equity - File a petition, judge, decree, injunction, specific performance, or rescission 
administrative agency - A federal or state government agency created by the legislature to 
perform a specific function, such ...
![VA Contractors: VA Advanced (Class A) Exam Questions and Answers](/docpics/4036055/657da859c0f15_4036055_121_171.jpeg)
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VA Contractors: VA Advanced (Class A) Exam Questions and Answers
- Exam (elaborations) • 5 pages • 2023
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VA Contractors: VA Advanced (Class A) 
Exam Questions and Answers 
A lump sum contract on a project has a total contract price of $160,000. Retainage 
has been held back at 10%. The contractor has received progress payments for 
75% of the project. The contractor submits a request for final payment for the new 
completed project. The final payment amount should be for... - ANS ️️ More than 
$50,000 
What is the total value of current assets for an accrual basis company that has the 
followin...
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