acc_280_final_exam__7th_set

Apr 17th, 2015
Studypool Tutor
Air University
Price: $30 USD

Tutor description

Hi there.This document contains A+ work for the course ACC 280.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

Word Count: 1582
Showing Page: 1/9
ACC 280 Final Exam.P.S. Your questions will be chosen randomly from a large set of questions. Nobody can guarantee that these questions will cover completely your exam. If I helped you please leave "A" feedback (I need it very much). Thank you and good luck.1)The SEC and FASB are two organizations that are primarily responsible for establishing generally accepted accounting principles. It is true that A.the SEC is a private organization of accountants.B.the SEC often mandates guidelines when no accounting principles exist.C.the SEC and FASB rarely cooperate in developing accounting standards.D.they are both governmental agencies.2)Auditing is A.a part of accounting that involves only recording of economic events.B.an area of accounting that involves such activities as cost accounting, budgeting, and accounting information systems.C.conducted by the Securities and Exchange Commission to ensure that registered financial statements are presented fairly.D.the examination of financial statements by a CPA in order to express an opinion on their fairness.3)All of the financial statements are for a period of time except the A.retained earnings.B.balance sheet.C.statement of cash flows.D.income statement.4)Which of the following statements is not true? A.Expenses have normal debit balances.B.Expenses decrease stockholders' equity.C.Expenses are a negative factor in the computation of net income.D.Expenses increase stockholders' equity.

Review from student

Studypool Student
" Awesome! Exactly what I wanted. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors