Acct 105 Study guides, Class notes & Summaries
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ACCT 105 Act105 week 6.1 Review Exam 2024 Questions and Answers (100% Correct)
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Question 1 of 10 0.0/ 10.0 Points 
The data on a materials requisition are entered as debits to the Materials Inventory account. 
A. True 
B. 
False 
Answer Key: 
False 
Question 2 of 10 0.0/ 10.0 Points 
Which of the following statements does not apply to managerial accounting? 
A.Relates to the part of the company that the manager oversees. 
B.Helps managers make good decisions in financing, resource allocation, 
marketing, and production. 
C.Information is intended for internal use. 
D.Inform...
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ACCT 105 Act105 week 5.2 Review Exam 2023 Questions and Answers (100% Correct)
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Question 1 of 10 10.0/ 10.0 Points 
Any reputable company has a cash flow liquidity ratio of greater than 1.0. 
A. True 
B. 
False 
Answer Key: 
False 
Question 2 of 10 10.0/ 10.0 Points 
The amount of depreciation expense in a period is added back to net income under the 
indirect method. 
A. True 
B. 
False 
Answer Key: 
True 
Question 3 of 10 0.0/ 10.0 Points 
What is the current ratio for the following data? Cash - $34,000; marketable securities - 
$16,000; accounts and notes receivable, net...
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Act105 week 7 ACCT 105 Review Exam 2023 Questions and Answers (100% Correct)
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Question 1 of 10 10.0/ 10.0 Points 
Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of 
public reporting companies. 
A. True 
B. 
False 
Answer Key: 
True 
Question 2 of 10 10.0/ 10.0 Points 
Internal controls, as defined in Sarbanes-Oxley Section 404, are: 
A.the processes a company implements to prevent theft by employees. 
B.the processes a company implements to prevent fraternization within 
departments. 
C.the processes a company implements to ensure its ...
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ACCT 105 Act105 week 7.2 Review Exam 2023 Questions and Answers (100% Correct)
- Exam (elaborations) • 4 pages • 2024
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Question 1 of 10 10.0/ 10.0 Points 
Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of 
public reporting companies. 
A. True 
B. 
False 
Answer Key: 
True 
Question 2 of 10 10.0/ 10.0 Points 
Internal controls, as defined in Sarbanes-Oxley Section 404, are: 
A.the processes a company implements to prevent theft by employees. 
B.the processes a company implements to prevent fraternization within 
departments. 
C.the processes a company implements to ensure its ...
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Attestation Mid Term Audit II (With 100% Error-Free Answers)
- Exam (elaborations) • 12 pages • 2023
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what are the numbers and descriptions of the AT-C standards? correct answers 105 - Concepts Common to All AT Engagements 
205 - Examination Engagements 
210 - Review Engagements 
215 - Agreed-Upon Procedures Engagements 
305 - Prospective Financial Information 
310 - Reporting on Pro Forma Financial Information 
315 - Compliance Attestation 
320 - Reporting on an Examination of Controls at a Service Organization 
395 - Management Discussion and Analysis 
 
when does 105 common concepts apply? c...
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GFEBS L250E Acquisition Process Overview Exam
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GFEBS L250E Acquisition Process Overview Exam 
Spending Chain Process 
The Acquisition process: 
Material Master Data 
Vendor Master Data 
Procurement with Logistics 
The Accounts Payable process 
 
 
Material Master Data 
sub-process encompasses the creation and maintenance of material master data. The main activity associated with this sub-process is: 
Perform Material Configuration: Source, maintain, and apply material master data. 
 
 
Vendor Master Data 
sub-process encompasses the creation...
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Assignments. ACCT105-3 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Acct105 
Assignment 3 
Explain the impact of accounting transactions in financial statements. 
This study source was downloaded by from CourseH on :22:29 GMT -06:00 

Assignment 3: Acct105 2 
There is so many things that can impact financial statements when it comes to certain 
accounting transactions. Expenses and income in the financial statements help any type of 
company identify what their net worth and their net income is. When we are looking the net 
worth or income, you are usually look...
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GFEBS L250E Acquisition Process Overview Exam
- Exam (elaborations) • 21 pages • 2024
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GFEBS L250E Acquisition Process Overview Exam 
Spending Chain Process 
The Acquisition process: 
Material Master Data 
Vendor Master Data 
Procurement with Logistics 
The Accounts Payable process 
 
 
Material Master Data 
sub-process encompasses the creation and maintenance of material master data. The main activity associated with this sub-process is: 
Perform Material Configuration: Source, maintain, and apply material master data. 
 
 
Vendor Master Data 
sub-process encompasses the creation...
-
Act105 week 5 100% COMPLETE QUESTIONS AND ANSWERS,
- Exam (elaborations) • 5 pages • 2024
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Question 1 of 10 10.0/ 10.0 Points 
The most important reason for preparing a statement of cash flows is to compute the 
change in cash. 
A. True 
B. 
False 
Answer Key: 
False 
Question 2 of 10 10.0/ 10.0 Points 
What is the stockholders’ equity to debt ratio for the following data? Total current liabilities 
(noninterest bearing) - $300,000; bonds payable, 5% (issued in 2007, due in 20 years) - 
$600,000; preferred 6% stock, $200 par - $240,000; common stock, $20 par - $480,000; 
premium on ...
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GFEBS L250E Acquisition Process Overview Exam Questions and Answers 100% Pass
- Exam (elaborations) • 36 pages • 2024
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GFEBS L250E Acquisition Process 
Overview Exam Questions and 
Answers 100% Pass 
Spending Chain Process - Answer- The Acquisition process: 
Material Master Data 
Vendor Master Data 
Procurement with Logistics 
The Accounts Payable process 
Material Master Data - Answer- sub-process encompasses the creation and 
maintenance of material master data. The main activity associated with this sub-process 
is: 
Perform Material Configuration: Source, maintain, and apply material master data. 
Vendor Mas...
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