ACC 400 Final need within a few hours- 30 questions 2023 Business Finance
2023 ACC400 Final Exam True False Questions Each answer is worth 5 points for a total of 4 points
ACC400 Final Exam
True/False Questions: Each answer is worth .5 points for a total of 4 points.
1. The cash budget is an operating budget.
A.) True
B.) False
2. The extent of internal control features adopted by a company must be
evaluated in terms of cost-benefit.
A.) True
B.) False
3. If a lease qualifies as an operating lease, it does not add debt tot the balance
sheet.
A.) True
B.) False
4. The allowance method of accounting for bad debts violates the matching
principle.
A.) True
B.) False
5. When the disposal of a significant segment occurs, the income statement
should report both income from continuing operations and income (loss) from
discontinued operations.
A.) True
B.) False
6. Interest expense on a note payable is only recorded at maturity.
A.) True
B.) False
7. Treasury stock is reported as an asset on the balance sheet because treasury
stock may later be resold.
A.) True
B.) False
8. Paid-in capital is the amount paid in to the corporation by stockholders in
exchange for shares of ownership.
A.) True
B.) False
We give our students 100% satisfaction for their assignment, which is one of the most important reasons students prefer us from other helpers. Our professional group and planners have more than ten years of rich experience. The only reason that our inception days, we have helped more than 100000 students with their assignments successfully. Our expert’s group have more than 2200 professionals of different topics, and that not all; we get more than 300 jobs every day more than 90% of the assignment get the conversion for payment.
Place Order Now