Comprehensive Financial Analysis and Decision-Making in Accounting: Week 8 Final Exam

A fully solved final exam focusing on financial analysis and decision-making in accounting.

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Week 8 : Final Exam-Final ExamPage:12Page 11.(TCO A) A corporation has which of the following sets of characteristics?(Points : 5)Shared control, tax advantages, increased skills, and resourcesSimple to set up and maintains control with the founderEasier to transfer ownership and raise funds, no personal liability for stockholdersHarder to raise funds and gives owner control2.(TCO A) The Dividends account_____.(Points : 5)is increased with a debitis decreased with a creditis not an expense accountAll of the above3.(TCOs A, B) Below is a partial list of account balances forDenton Company:Cash$7,000Prepaid insurance700Accounts receivable3,500Accounts payable2,800Notes payable4,200Common stock1,400Dividends700Revenues21,000

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