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ACC 561 FINAL EXAM NEW CLASSROOM

ACC 561 FINAL EXAM NEW CLASSROOM

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ACC 561 FINAL EXAM NEW CLASSROOM

Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?

The group of users of accounting information charged with achieving the goals of the business is its 

Which of the following financial statements is concerned with the company at a pointin time?

An income statement

The most important information needed to determine if companies can pay theircurrent obligations is the

A liquidity ratio measures the

The convention of consistency refers to consistent use of accounting principles

Horizontal analysis is also known as

Horizontal analysis is a technique for evaluating a series of financial statement dataover a period of time

Vertical analysis is a technique that expresses each item in a financial statement

Process costing is used when

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