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ACC 290 Final Exam

ACC 290 Final Exam1) Which financial statement is used to determine cash generated fromoperations?2) In terms of sequence, in what order must the four basic financialstatements be prepared?3) In classifying transactions, which of the following is true in regard toassets?4) An increase in an expense account must be5) ABC Corporation issues 100 shares of $1 par common stock at $5 per share,which of the following is the correct journal entry?


ACC 290 Final Exam1) Which financial statement is used to determine cash generated fromoperations?2) In terms of sequence, in what order must the four basic financialstatements be prepared?3) In classifying transactions, which of the following is true in regard toassets?4) An increase in an expense account must be5) ABC Corporation issues 100 shares of $1 par common stock at $5 per share,which of the following is the correct journal entry?


ACC 290 Final Exam

ACC 290 Final Exam

ACC 290 Final Exam1) Which financial statement is used to determine cash generated fromoperations?2) In terms of sequence, in what order must the four basic financialstatements be prepared?3) In classifying transactions, which of the following is true in regard toassets?4) An increase in an expense account must be5) ABC Corporation issues 100 shares of $1 par common stock at $5 per share,which of the following is the correct journal entry?