Accounting (ACCT)

Accounting ACCT 2301 Financial Statements - correct answerThe business documents that companies use to report the results of their activities to various user groups, which can include managers, investors, creditors, and regulatory agencies. What are the four basic financial statements - correct answerIncome statement (statement of operations) Statement of retained earnings Balance Sheet (statement of financial position) Statement of cash flows What is accounting - correct answerIt ...

ACCT 2301 Financial Accounting Accounting - correct answerAccounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities. Financial Accounting - correct answerThe field of accounting that focuses on providing information for external decision makers. Managerial Accounting - correct answeraccounting used to provide information and analyses to managers inside the o...

Answers to attendance polling questions on Principles of Financial Accounting (ACCT 2301) Chapters 1-3 content