ACC 300 Week 5 Final Exam Guide

Jul 21st, 2016
Studypool Tutor
Price: $20 USD

Tutor description

1) Which of the following statements is true? A. Publicly traded U.S. companies must provide an annual report to their shareholders only when operating conditions change significantly. B. An unqualified independent auditor’s report must be included in the annual report. C. Notes to the financial statements do not need to be included in the annual report because that information is only for internal users. D. A Management Discussion and Analysis section is required in annual reports to shareholders even when financial results are positive. 2) Notes to the financial statements include which of the following: A. An independent auditors report. B. Explanations of uncertainties. C. Short-form Income Statement D. Subsidiary ledger for Accounts Receivable 3) Which of the following financial statements is divided into major categories of operating, investing, and financing activities? A. The income statement. B. The balance sheet. C. The retained earnings statement.

Word Count: 1639
Showing Page: 1/8
ACC 300 Week 5 Final Exam Guide1) Which of the following statements is true?A. Publicly traded U.S. companies must provide an annual report to their shareholders only whenoperating conditions change significantly.B. An unqualified independent auditors report must be included in the annual report.C. Notes to the financial statements do not need to be included in the annual report because thatinformation is only for internal users.D. A Management Discussion and Analysis section is required in annual reports to shareholderseven when financial results are positive.2) Notes to the financial statements include which of the following:A. An independent auditors report.B. Explanations of uncertainties.C. Short-form Income StatementD. Subsidiary ledger for Accounts Receivable3) Which of the following financial statements is divided into major categories of operating,investing, and financing activities?A. The income statement.B. The balance sheet.C. The retained earnings statement.D. The statement of cash flows4) If the retained earnings account increases from the beginning of the year to the end of theyear, thenA. net income is less than dividends.B. a net loss is less than dividends.C. additional investments are less than net losses.D. net income is greater than dividends5) If services are rendered on account, thenA. assets will decrease.B. liabilities will increase.C. stockholders equity will increase.D. liabilities will decrease.6) An investmen

Review from student

Studypool Student
" Very Satisfied. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 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