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FINAL EXAM ACC 300 Final Exam |
ACC 300 Final Exam 100% Correct ACC 300 FINAL EXAM 100% CORRECT 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 |
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