Acct 2301 Study guides, Class notes & Summaries
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ACCT 2301 EXAM 2 TEST BANK
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ACCT 2301 EXAM 2 TEST BANK
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Principles of Financial Accounting Final Exam Central Texas College ACCT 2301
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Review Test Submission: Acct 2301 Final Exam – ... 

H Exams Review Test Submission: Acct 2301 Final Exam 
Review Test Submission: Acct 2301 Final Exam 
User Shelia Rodriguez 
Course Principles of Financial Acct. 
Test Acct 2301 Final Exam 
Started 4/12/17 8:21 PM 
Submitted 4/12/17 8:21 PM 
Due Date 4/12/17 11:59 PM 
Status Completed 
Attempt Score 68.02 out of 100.03 points 
Time Elapsed 2 hours, 0 minute out of 2 hours 
Results Displayed Submitted Answers, Correct Answers 
Question 1 
If su...
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ACCT 2301 CH 7 Internal Control and Cash Exam 2024 With 100%Correct Answers
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ACCT 2301 CH 7 Internal Control and Cash Exam 2024 With 100%Correct Answers
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ACCT 2301 Introduction to Managerial Accounting Brewer 6th Edition 2022.
- Exam (elaborations) • 66 pages • 2022
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ACCT 2301 Introduction to Managerial Accounting 
Brewer 6th Edition 2022. Introduction to Managerial Accounting Brewer 6th Edition Test Bank 
Click here to download the solutions manual / test bank INSTANTLY!!! 

Name: Introduction to Managerial Accounting 
Author: Brewer Garrison Noreen 
Edition: 6th 
ISBN10: 9 
Type: Test Bank 

This is a sample chapter 
c 
h 
0 
1 
Student: 
 
1.Direct material costs are generally variable costs. 
True False 
2.Property taxes and insurance premiums paid on ...
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Final Exam (BCOR 2301) Questions and Answers
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Final Exam (BCOR 2301) Questions and Answers 
 
Consideration 
The value given in return for a promise or performance in a contractual agreement. 
 
1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 
 
2. There must be a BARGAINED-FOR-EXCHANGE. 
Legal Sufficient Value 
Something of value in the eyes of the law; may be: 
 
- Promise [to do something] 
e.g. pay supplier upon receiving goods 
 
- Performance [of an action otherwise not obligated to] 
e.g. providin...
Too much month left at the end of the money?
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ACCT 2301 Accounting Exam 1
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ACCT 2301 Accounting Exam 1 
 
 
 
The field of accounting that focuses on providing information for external decision makers is ________. - correct answewfinancial accounting 
 
Which of the following is a decision made by an internal user? - correct answewHow much money should the business budget for production? 
 
GAAP refers to guidelines for accounting information in the United States. The acronym GAAP in this statement refers to ________. - correct answewGenerally Accepted Accounting Princ...
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Accounting ACCT 2301
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Accounting ACCT 2301 
 
 
Financial Statements - correct answerThe business documents that companies use to report the results of their activities to various user groups, which can include managers, investors, creditors, and regulatory agencies. 
 
What are the four basic financial statements - correct answerIncome statement (statement of operations) 
Statement of retained earnings 
Balance Sheet (statement of financial position) 
Statement of cash flows 
 
What is accounting - correct answerIt ...
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ACCT 2301 EXAM 2 TEST BANK 2023
- Exam (elaborations) • 18 pages • 2023
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Which of the following is not a characteristic of job-order costing? 
a. Wide variety of distinct products. 
b. Unit cost is computed by dividing process costs of the period by the units produced in the 
period. 
c. Unit cost is computed by dividing total job costs by units produced on that job. 
d. Costs accumulated by job. 
e. Typically, the cost of one job is different from that of another job. - b. Unit cost is computed by dividing process costs of the period by the units produced in the 
pe...
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Final Exam (BCOR 2301) 2023 Questions and Answers
- Exam (elaborations) • 17 pages • 2023
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Final Exam (BCOR 2301) 2023 Questions and Answers 
 
Consideration 
The value given in return for a promise or performance in a contractual agreement. 
 
1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 
 
2. There must be a BARGAINED-FOR-EXCHANGE. 
Legal Sufficient Value 
Something of value in the eyes of the law; may be: 
 
- Promise [to do something] 
e.g. pay supplier upon receiving goods 
 
- Performance [of an action otherwise not obligated to] 
e.g. prov...
-
Final Exam (BCOR 2301) 2023 Questions and Answers
- Exam (elaborations) • 17 pages • 2024
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- $14.59
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Final Exam (BCOR 2301) 2023 Questions and Answers 
 
Consideration 
The value given in return for a promise or performance in a contractual agreement. 
 
1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 
 
2. There must be a BARGAINED-FOR-EXCHANGE. 
Legal Sufficient Value 
Something of value in the eyes of the law; may be: 
 
- Promise [to do something] 
e.g. pay supplier upon receiving goods 
 
- Performance [of an action otherwise not obligated to] 
e.g. prov...
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