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ACC 212 MIDTERM & FINAL EXAM PLUS STUDY GUIDE- COMPREHENSIVE PACKAGE
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[Show more]ACC 212 MIDTERM & FINAL EXAM PLUS STUDY GUIDE- COMPREHENSIVE PACKAGE
[Show more]ACCT 212 Financial Accounting- Accounting Terms and Definitions
Question/Term: Another name for short-term investments is:marketable securities.
Question/Term: Investments in marketable securities fall into three categories, including:
Question/Term: Trading security for $12,000. The entry to record...
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Add to cartACCT 212 Financial Accounting- Accounting Terms and Definitions
Question/Term: Another name for short-term investments is:marketable securities.
Question/Term: Investments in marketable securities fall into three categories, including:
Question/Term: Trading security for $12,000. The entry to record...
ACCT 212 WEEK 1 QUIZ
ACCT 212 WEEK 1 QUIZ

1.	At the end of the current accounting period, account balances were as follows: Cash, $28,000; Accounts Receivable,$42,000; Common Stock, $19,000;Retained Earnings, $13,000.Liabilities for the period were:
a.	$57,000
b.	$70,000
c.	$38,000
d.	$51,000

2.	R...
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Add to cartACCT 212 WEEK 1 QUIZ
ACCT 212 WEEK 1 QUIZ

1.	At the end of the current accounting period, account balances were as follows: Cash, $28,000; Accounts Receivable,$42,000; Common Stock, $19,000;Retained Earnings, $13,000.Liabilities for the period were:
a.	$57,000
b.	$70,000
c.	$38,000
d.	$51,000

2.	R...
ACCT 212 WEEK 4 MIDTERM EXAM 
Question: (TCO 1) The Accounting Equation is … to develop the organization’s financial reports. (1) Describe what owners’ equity values would … if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an e...
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Add to cartACCT 212 WEEK 4 MIDTERM EXAM 
Question: (TCO 1) The Accounting Equation is … to develop the organization’s financial reports. (1) Describe what owners’ equity values would … if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an e...
Question: (TCO 3) Closing temporary accounts is necessary at the end of the accounting period. (1) Explain the closing process, include each set of entries required (15 points) and (2) provide an example of closing the Dividend account in the form of a journal entry. (10 points). (Points : 25)
Quest...
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Add to cartQuestion: (TCO 3) Closing temporary accounts is necessary at the end of the accounting period. (1) Explain the closing process, include each set of entries required (15 points) and (2) provide an example of closing the Dividend account in the form of a journal entry. (10 points). (Points : 25)
Quest...
ACCT 212 WEEK 8 FINAL EXAM
Question: At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (15 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. (10 points)(Points : 25)...
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Add to cartACCT 212 WEEK 8 FINAL EXAM
Question: At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (15 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. (10 points)(Points : 25)...
ACCT 212 WEEK 4 MIDTERM EXAM 2
Question: (TCO 1) The Accounting Equation is … to develop the organization’s financial reports. (1) Describe what owners’ equity values would … if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an ...
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Add to cartACCT 212 WEEK 4 MIDTERM EXAM 2
Question: (TCO 1) The Accounting Equation is … to develop the organization’s financial reports. (1) Describe what owners’ equity values would … if Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an ...
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