Study guides, Class notes & Summaries

ACCT 451 Assignment 1 / ACCT451 Assignment 1: Athabasca University, Calgary

ACCT 356 Assignment 2 / ACCT356 Assignment 2: Athabasca University, Calgary

ACCT 356 Assignment 1 / ACCT356 Assignment 1: Athabasca University, Calgary

List the levels of organization from atoms to organisms - Answer- Atoms, molecules, organelles, cells, tissues, organs, systems, organisms. Homeostasis - Answer- A process by which organisms maintain a relatively stable internal environment via +/- feedback. Why is Carbon such a versatile element? - Answer- The central element of life. Carbon has the ability to form bonds with up to four other elements or molecules at the same time thus creating unlimited chains. Hydroxyl Group - Answer...

ACC Exam 4 Final Exam 2023 LATEST UPDATE

ACC Elaborated Test Bank Questions The typical business activity of the finance and investment cycle would not include - proposals for cash forecasts, capital budgets, and business expansion - analysis of excess cash funds - reconciliation of cash - sale of stocks, bonds, or notes - CORRECT ANSWER-reconciliation of cash Selecting a sample of paid notes and tracing interest to the general ledger account is a test of the PCAOB assertion for: - accounting - valuation or allocation - comp...

Revised Acc test bank Questions A newly acquired plant asset is to be depreciated over its useful life. What is the basis for this accounting method? A. Economic-entity assumption. B. Monetary-unit assumption. C. Materiality. D. Going-concern assumption. - CORRECT ANSWER-D. Going-concern assumption. Which of the following is a generally accepted accounting principle that illustrates the practice of conservatism during a particular reporting period? A. Capitalization of research and ...

Reviewed ACC 212 TEST BANKS 1) The branch of accounting that provides information for the firm's internal decision makers is: 1) _______ A) financial accounting B) liquidation accounting C) tax accounting D) management accounting -CORRECT ANSWER- D) management accounting 2) Another term for "management accounting" that means exactly the same thing is: 2) _______ A) cost accounting B) managerial accounting C) auditing D) income tax accounting -CORRECT ANSWER- B) managerial accounti...

Advanced ACC TEST BANKS 1) Basic segregation of duties requires the credit manager reports to the ________ and the treasurer report to the ________. A) treasurer; controller B) treasurer; vice president of finance C) controller; vice president of finance D) marketing manager; vice president of finance -CORRECT ANSWER- B 2) The ________ normally triggers the billing process in the revenue cycle. A) sales order received from the sales department B) picking ticket received from the sa...

31. A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to a. assign responsibility for the decision. b. provide relevant revenue and cost data about each course of action. c. determine the amount of money that should be spent on a project. d. decide which actions that management should consider. Ans: B, SO: 1, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Industry/Sector Perspective, AICPA FN: Decision Modeli...