For the following transaction, determine the effect of the transaction on the below 2 financial statement components (just list your answer as increase, decrease, or no effect). (No journal entry required). A company paid $1000 cash for a machine on December 31.  a) Net income _____b) Asset turnover ratio _____

In which of the following classifications on the cash flow statement would cash received from sales to customers be reported?

What is the effect on the financial statements when a company fails to accrue utilities expense at year-end? 

Below is a transaction that was completed during 2020 by ABC Company. The accounting period ends on December 31, 2020. Record the adjusting journal entry for December 31, 2020 in the text box below.  On December 31, 2020, ABC Company owed employees $3,750 for wages that were earned by them during December and were not yet paid in cash.

Match the state with the capital.

Who was the fourth president of the US?

Welcome to your Final Exam! You are able to access Blackboard and your textbook on OpenStax while taking this exam. To access these materials, click “Assessment Details” in the blue toolbar, the guidelines will open. You can then open the drop down for “Allowed Site URLs” and select the links directly from there. You are also welcome to reference any written or printed paper notes. You are also welcome to reference any written or printed paper notes. This exam will cover content from chapters 1-12. Please reach out to me via email (adelyn.emter@und.edu) if you encounter any issues. You’ve got this!

I was able to access this quiz without any problems.

Welcome to Exam 1! You are able to access Blackboard and your textbook on OpenStax while taking this exam. To access these materials, click “Assessment Details” in the blue toolbar, the guidelines will open. You can then open the drop down for “Allowed Site URLs” and select the links directly from there. You are also welcome to reference any written or printed paper notes. This exam will cover content from chapters 1-4. The first 12 questions will be multiple choice, followed by 6 short answer and 4 essay. Please reach out to me via email (adelyn.emter@und.edu) if you encounter any issues. You’ve got this!

Welcome to Exam 2! You are able to access Blackboard and your textbook on OpenStax while taking this exam. To access these materials, click “Assessment Details” in the blue toolbar, the guidelines will open. You can then open the drop down for “Allowed Site URLs” and select the links directly from there. You are also welcome to reference any written or printed paper notes. You are also welcome to reference any written or printed paper notes. This exam will cover content from chapters 5-8. The first 12 questions will be multiple choice, followed by 6 short answer and 4 essay. Please reach out to me via email (adelyn.emter@und.edu) if you encounter any issues. You’ve got this!