ACC 300 Week 5 Final Exam Guide

This file ACC 300 Week 5 Final Exam Guide consists of the right answers on the following questions:

1) Which of the following statements is true?

2) Notes to the financial statements include which of the following:

3) Which of the following financial statements is divided into major categories of operating, investing, and financing activities?

4) If the retained earnings account increases from the beginning of the year to the end of the year, then

5) If services are rendered on account, then

6) An investment by the stockholders in a business increases

7) Using accrual accounting, expenses are recorded and reported only:

8) A small company may be able to justify using a cash basis of accounting if they have:

9) Stockholders