Accounting > EXAM > University of Phoenix, ACC291 /ACC291 Week 1 Quiz. Questions And Answers (All)
University of Phoenix, ACC291 /ACC291 Week 1 Quiz. Questions And Answers
Document Content and Description Below
ACC291 /ACC291 Week 1 Quiz Practice Question 01 What type of receivable is evidenced by a formal instrument and normally requires the payment of interest? An account receivable A no... te receivable A trade receivable Past-due accounts receivables Practice Question 03 Corristan Company purchased equipment and incurred these costs: Cash price $24,000 Sales taxes 1,200 Insurance during transit 200 Annual maintenance costs ____400 Total costs $25,800 What amount should be recorded as the cost of the equipment? $24,000 $25,200 $25,400 $25,800 Practice Question 05 When is a receivable recorded by a service organization? When the bill is sent to the customer When the customer pays When the related expenses are incurred When service is provided on account Practice Question 10 At what value are accounts receivable reported on the balance sheet? [Show More]
Last updated: 2 years ago
Preview 1 out of 4 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Also available in bundle (1)
University of Phoenix, ACC291 /ACC291 Week 1 - Week 5 Quizzes. Questions And Answers
University of Phoenix, ACC291 /ACC291 Week 1 - Week 5 Quizzes. Questions And Answers
By Quality Suppliers 4 years ago
$25.5
5
Reviews( 0 )
$7.00
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Mar 04, 2021
Number of pages
4
Written in
Additional information
This document has been written for:
Uploaded
Mar 04, 2021
Downloads
0
Views
117
.png)
.png)
.png)
