online q ch2 - _FINANCIAL ACCOUNTING I _0070A784...

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_FINANCIAL ACCOUNTING I _0070A784 (ACCT_2010070A784) > TOOLS > MY GRADES > VIEW ATTEMPTS > REVIEW ASSESSMENT: QUIZ CHAPTER 2 Review Assessment: Quiz chapter 2 User WANCHING Rachel KAO Submitted 4/17/08 3:19 PM Name Quiz chapter 2 Status Completed Score 8 out of 10 points Time Elapsed 0 hours, 18 minutes, and 31 seconds out of 0 hours and 30 minutes allowed. Instructions Question 1 1 out of 1 points Which of the following is not an issue when a business transaction is initially recorded? Selected Answer: Summarization Correct Answer: Summarization Question 2 1 out of 1 points When cash is received in payment of an account receivable, which of the following is true ? Selected Answer: Total assets remain the same. Correct Answer: Total assets remain the same. Question 3 1 out of 1 points Which of the following accounts is a liability? Selected Answer: Interest Payable Correct Answer: Interest Payable Question 4 0 out of 1 points Payment of a $40 debt was accidentally debited and posted to Accounts
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This note was uploaded on 02/10/2011 for the course ACCOUNTING 201 taught by Professor Notsure during the Spring '11 term at Edmonds Community College.

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online q ch2 - _FINANCIAL ACCOUNTING I _0070A784...

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