term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
ACC 300 Final Exam
http://www.storehomework.com/products/final-exam?pagesize=12
1. Which of the following is the most appropriate and modern definition of accounting?
A)The information system that identifies, records, and communicates the economic events of an organization to interested users
B)A means of collecting information
C)The interconnected network of subsystems necessary to operate a business
D)Electronic collection, organization, and communication of vast amounts of information
2.Which of the following groups uses accounting information primarily to insure the entity is operating within prescribed rules?
A)Taxing authorities
B)Regulatory agencies
C)Labor Unions
D)Management
3.Which of the following would not be considered an internal user of accounting data for a company?
A)The president of a company
B)The controller of a company
C)Creditor of a company
D)Salesperson of a company
4.Stockholders' equity is increased by
A)Dividends
B)Revenues
C)Expenses
D)Liabilities
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!