Accounting Crash Course Study guides, Class notes & Summaries

ACCOUNTING CRASH COURSE EXAM V4/ACTUAL EXAM FROM WALL STREET PREP 2024/LATEST UPDATE /A+ GRADE

Accounting Crash Course Exam V4 Wall Street Prep Exam Questions with complete Answers | Latest Updated 2024/2025 | Graded A+. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial p...

Accounting Crash Course V4 Wall Street Exam Prep Questions with complete Answers Latest Updated 2024/2025 | Scored A+. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performa...

1. What is Accounting?: Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. 2. Why is Accounting Important?: Enables managers to make corporate decisions Enables t...

Accounting Crash Course - Wall Street Prep Net Revenues - ANSWER--Total dollar payment for goods and services that are credited to an income statement over a particular time period Cost of Goods Sold (COGS) - ANSWER--represents a company's direct cost of manufacture or procurement of. a good or service that the company sells to generate revenue. Gross Profit - ANSWER-Revenues - Cost of Goods Sold (COGS) Selling, General & Administrative (SG&A) - ANSWER--Operating costs not directly associated...

Accounting Crash Course - Wall Street Prep Net Revenues - ANSWER--Total dollar payment for goods and services that are credited to an income statement over a particular time period Cost of Goods Sold (COGS) - ANSWER--represents a company's direct cost of manufacture or procurement of. a good or service that the company sells to generate revenue. Gross Profit - ANSWER-Revenues - Cost of Goods Sold (COGS) Selling, General & Administrative (SG&A) - ANSWER--Operating costs not directly associated...

Wall Street Prep: Accounting Crash Course

Accounting Crash Course Exam Questions and Answers 2023

Accounting Crash Course Exam v4 Certificate Awarded View Certificate Question 1 Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 million in wages were earned and $7 million in cash wages were paid. Cash wages were used to first pay wages earned in 2017 with the remainder used to pay wages earned in 2018. Any earned but unpaid wages will be paid during the first quarter of 2019. Using only the information...