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ACCT 221 Week 4 - Quiz,100% CORRECT
Exam (elaborations) • 4
pages
• 2020
1.	Question :	(TCO 1) The Accounting Equation is used to develop the organization's financial reports. (1) Describe what liabilities value would be if Assets are $50,000 and Owners' Equity is $25,000 by showing the Accounting Equation (10 points) and (2) provide an example of two liability accounts. (10 points)


Question 2.	Question :	(TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement requires input from the Income Statement and ...
ACCT 221 Week 4 - Quiz,100% CORRECT
Last document update:
ago
1.	Question :	(TCO 1) The Accounting Equation is used to develop the organization's financial reports. (1) Describe what liabilities value would be if Assets are $50,000 and Owners' Equity is $25,000 by showing the Accounting Equation (10 points) and (2) provide an example of two liability accounts. (10 points)


Question 2.	Question :	(TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement requires input from the Income Statement and ...
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