Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/3

Click to flip

3 Cards in this Set

  • Front
  • Back

Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-package-3-different-set

ACCT 301 Week 4 Midterm Package - 3 Different Set Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-package-3-different-setProduct DescriptionACCT 301 Week 4 Midterm Exam Versions 1• Page 11. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)2. (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)3. (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points : 12)4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points : 12)• Page 2

Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-package-3-different-set

ACCT 301 Week 4 Midterm Package - 3 Different Set Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-package-3-different-setProduct DescriptionACCT 301 Week 4 Midterm Exam Versions 1• Page 11. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)2. (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)3. (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points : 12)4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points : 12)• Page 2

Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-packPurch

ACCT 301 Week 4 Midterm Package - 3 Different Set Purchase herehttp://devrycourse.com/acct-301-week-4-midterm-package-3-different-setProduct DescriptionACCT 301 Week 4 Midterm Exam Versions 1• Page 11. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)2. (TCO 2) Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12)3. (TCO 3) Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? (Points : 12)4. (TCO 4) What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis? (Points : 12)• Page 2