acc_280_final_exam__10th_set

Apr 17th, 2015
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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.

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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.True/False Questions1. Accounting information is used only by external users with a financial interest in a business enterprise.A.) TrueB.) False2. The dividends account is a subdivision of the returned earnings account and appears as an expense on the income statement.A.) TrueB.) False3. Information is relevant if it provides a basis for predicting future earnings.A.) TrueB.) False4. The safeguarding of assets is an objective of a company's system of internal control.A.) TrueB.) False5. The ledger is merely a bookkeeping device and therefore does not provide much useful data for management.A.) TrueB.) False6. The basic accounting equation is in balance when the creditor and ownership claims against the business equal the assets.A.) TrueB.) False7. Comparisons of company data with industry averages can provide some insight into the company's relative position in the industry.A.) TrueB.) False8. The book value of a depreciable asset is always equal to its market value because depreciation is a valuation technique.A.) TrueB.) False9. Adjusting entries are an optional bookkeeping procedure.A.) TrueB.) False10. Internal control consists of the plan of organization and all of the

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