Accounting > QUESTIONS & ANSWERS > ACCT 2101 Exam 1 Study Guide Chapters 1 – 3 (All)
1. The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a. account payable. b. account receivable. c. revenue. d. expense. ... 2. The right to receive money in the future is called a(n) a. account payable. b. account receivable. c. liability. d. revenue. 3. Which of the following is not a principal type of business activity? a. Operating b. Investing c. Financing d. Delivering 4. Borrowing money is an example of a(n) a. delivering activity. b. financing activity. c. investing activity. d. operating activity. 5. Which activities involve acquiring the resources to run the business? a. Delivering b. Financing c. Investing d. Operating [Show More]
Last updated: 3 years ago
Preview 1 out of 13 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Can't find what you want? Try our AI powered Search
Connected school, study & course
About the document
Uploaded On
Aug 14, 2021
Number of pages
13
Written in
All
This document has been written for:
Uploaded
Aug 14, 2021
Downloads
0
Views
129
Scholarfriends.com Online Platform by Browsegrades Inc. 651N South Broad St, Middletown DE. United States.
We're available through e-mail, Twitter, Facebook, and live chat.
FAQ
Questions? Leave a message!
Copyright © Scholarfriends · High quality services·
