HW Chapter 3 - Course Test Financial Accounting for Mgrs Chapter 3 Exercise The Accounting Information System(27 points Started 9:17 PM Submitted 9:24

HW Chapter 3 - Course Test Financial Accounting for Mgrs...

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Course Financial Accounting for Mgrs Test Chapter 3 Exercise: The Accounting Information System (27 points) Started 10/13/16 9:17 PM Submitted 10/13/16 9:24 PM Due Date 10/17/16 9:00 AM Status Completed Attempt Score 27 out of 27 points Time Elapsed 7 minutes Results Displayed Submitted Answers, Correct Answers, Feedback, Incorrectly Answered Questions Question 1 1 out of 1 points Economic events that require recording in the financial statements are called accounting transactions. Question 21 out of 1 pointsAn account is often referred to as a T-account because of the way it is constructed. Question 3 1 out of 1 points Revenues are a subdivision of stockholders’ equity. Question 4 1 out of 1 points Salaries and wages payable is a type of expense. Question 5 1 out of 1 points Operating activities are the types of activities the company performs to generate profits.

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