Acct 212 week 2 quiz Study guides, Class notes & Summaries

ACCT212 - Week 2 - Quiz (100% CORRECT SOLUTIONS)

Acct 212 week 1-8 quiz correctly answered ACCT 212 Week 1 Quiz (Questions & Answers) ACCT 212 Financial Accounting Exam Help for DeVry Students Answer Explanation: The accounting equation states that Assets = Liabilities + Equity (Another way to write this statement is Liabilities = Assets – Equity). Assets are things owned by the business with future value. Cash, receivables (amounts owed to the business), office equipment, delivery trucks, and a building are all examples of assets t...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...

ACCT-212 Week 1 Quiz – With Answers ( 100% Correct) – Download To Score An A+ Financial Accounting 212 Week 1 Quiz 1. The term GAAP stands for? Answer: Generally Accepted Accounting Principles 2. Financial accounting serves which primary functions? Answer: Measures business activities Communicated business decisions on behalf of interested parties 3. Which of the following represents an obligation to the company? Answer: Liabilities 4. Which body has the primary responsibilities for the esta...

ACCT 212 WEEK 1 QUIZ 1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new store is (Points : 3) financial accounting. business accounting. manage rial accounting. projection accounting. 0 0 MultipleChoice 3 Question 2. 2. (TCO 1) Which type of business organization transacts the most business and is the largest in terms of assets, income, and number of employees? (Points : 3) Proprietorship Partnership Limited-liability company Corporation 0 1 Mul...