Part One—Identifying Accounting Terms
Directions: Select the one term in Column I that best fits each definition in Column II. Print the
letter identifying your choice in the Answers column.
Answers
Column
Column II
1. An accounting device used to analyze transactions. (p. 29)
1.
A. chart of accounts
2.
B. credit
2. An amount recorded on the left side of a T account. (p. 29)
3.
C. debit
3. An amount recorded on the right side of a T account. (p. 29)
4.
D. normal balance
4. The side of the account that is increased. (p. 29)
5.
E. T account
5. A list of accounts used by a business. (p. 32)
Answers: 1
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Answers: 1
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Bathlinks corporation has a debt to assets ratio of 73%. this tells the user of bathlinks’s financial statements that a. bathlinks is getting a 27% return on its assets. b. there is a risk that bathlinks cannot pay its debts as they come due. c. 73% of the assets are financed by the stockholders. d. based on this measure, the user should not invest in bathlinks.
Answers: 3
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Rashid, the ceo of top productions, was telling his new vice president of accounting that "in the past i had resistance to new ideas by people who felt that one of our plans threatens their influence or jobs. so when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency and that nobody is going to be laid off." selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of
Answers: 2
Business, 23.06.2019 22:00, naomicervero
According to federal regulations, an irb must have at least two community members to fulfill membership requirements; one member whose expertise is not in a scientific area and one member who is not affiliated with the institution.
Answers: 1
Part One—Identifying Accounting Terms
Directions: Select the one term in Column I that best fits e...
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