Financial Accounting > EXAM > C213 Accounting Test Bank-with 100% verified solutions-2022-2024 (All)
C213 Accounting Test Bank-with 100% verified solutions-2022-2024
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C213 Accounting Test Bank-with 100% verified solutions-2022-2024 1. Businesses use accounting systems to a. Analyze transactions. b. Handle routine bookkeeping tasks. c. Evaluate the performance a... nd financial health of the business 1. Which of the following is NOT a function of accounting? a. Executing sales transactions for organizations. 1. Which of the following is NOT typically true of accounting information? a. The information relates to future time periods. 1. Which of the following is NOT one of the three primary financial statements? a. Statement of retained earnings. 1. Which of the following financial statements reports a company's resources, obligations, and ownership? Balance sheet 1. Which of the following financial statements reports the excess of a company's revenues over its expenses? a. Income statement. 1. Which of the following financial statements reports the amount of cash collected and paid out by a company? a. Statement of cash flows. 1. Which of the following is NOT an external user of accounting information? a. Management. 1. The emphasis in financial accounting CONTINUED........ [Show More]
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