Save my name, email, and website in this browser for the next time I comment. c. Assets – Owners Equity = Liabilities b. On 1 February 2016, a delivery van was purchased for $45,000. g. $8, f. Manufacturing, investing, financing Correct! On 1 February 2016, a delivery van was purchased for $45,000. Sample Multiple Choice Questions Solutions. g. Office Equipment Chapter 2 – Multiple Choice. a. f. increased by $20, g. provides information for decision making e. Merchandising, operating, financing b. f. a change in owners equity Sales $500,000, Retained Earnings @ Beginning $50,000: a. Macquarie University. The current market value for the delivery van is $40,000. b. a change in owners equity c. provides information for decision making f. $9, d. $6, Prepaid Rent $8,000, Drawings $70,000, Accounts Receivable $20,000, Loan $75,000, Profit for the year $100,000, Please sign in or register to post comments. These MCQs test will be helpful to prepare themselves for their objective exams, vivas and interviews. Incorrect! d. $3, Accounting is a process that: e. $42, a. Free online CMA certification questions and answers for exam preparation, distance learning on topics as: MCQsLearn Web Portal Copyright © 2014-2020. a. Course. 1. b. $80, As a result of these transactions, its total assets would be: If the part is purchased from the outside supplier, two-thirds of the fixed costs incurred in producing the part can be eliminated. Sales $500,000, Retained Earnings @ Beginning $50,000: h. Assets = Owners Equity – Liabilities, When a business receives $1,000 cash from Accounts Receivable (Debtors), the effect on the accounting equation is: Decision Making Process Multiple Choice Questions (MCQ), decision making process quiz answers PDF to study online accounting course. Accounting for Decision Making (Brisbane Campus) Semester 2, 2017 Started on Sunday, 27 August 2017, 9:33 PM State Owners Equity – Assets = Liabilities d. increased by $30, Which of the following is not included in liabilities? e. Replacement Cost g. Assets – Owners Equity = Liabilities Academic year. c. $120, Calculate the Depreciation Expense for the six months ended 30 June 2016. Merchandising, operating, financing Replacement Cost b. a. is only about number crunching Manufacturing, investing, financing Sunway Ltd bought equipment costing $50,000 paying a cash deposit of $20,000 and using a bank loan for the Learn decision making process and information Multiple Choice Questions and Answers (MCQs), "Decision Making Process" quiz questions and answers for online colleges for business management. Home » Financial Accounting Basics » Financial Accounting Basics Multiple Choice Questions. $42, f. Original Cost Accounting for decision making (BAO 1101) Uploaded by. Capitalization of interest cost during the construction of assets. All rights reserved. Which cost principle is this based on? Decision making process and information quiz questions and answers PDF, concept of relevance quiz, make versus buy decisions quiz, decision making process quiz, insourcing versus outsourcing quiz quiz for business management degree online. d. $150, Sample Multiple Choice Questions Solutions, Copyright © 2020 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Self Assessment - (BEO2004 ) International Trade Practices - K1 - Victoria University TEST 5. f. Owners Equity – Assets = Liabilities Company B produces 2,000 parts each year that are used in one of its products. b. d. Current Cost. What is the Retained Earnings at End? Practice accounting multiple choice questions on decision making process, objective type quizzes for learning online management accounting in organization tutorial. One of Anil Company’s product has a contribution margin of $50,000 and fixed costs totaling $60,000. Week 9 midterm question with answers and question . h. Current Cost. b. Disclosure: As an Amazon Associate I earn from qualifying purchases. 3. Which of the following is described as data that are pertinent to a decision? University. a. decreased by $20, $40,000 of the fixed costs will continue unchanged. Week 9 midterm question with answers and question, Accounting for decision making (BAO 1101), Sample Multiple Choice Questions – Time Limit 10 minutes ... do not refer to any notes as test is ‘closed book’, Which of the following groups of categories are shown in the Statement of Cash Flows? h. increased by $30, Which of the following is not included in liabilities? Sample Multiple Choice Questions – Time Limit 10 minutes ... do not refer to any notes as test is “closed book”, Which of the following groups of categories are shown in the Statement of Cash Flows? Responsibility Accounting – Multiple Choice Questions (MCQs) Inventory Management MCQs ; Categories Cost accounting MCQs 3 Comments Post navigation. g. no change in total assets Course. Accounting Information for Decision-Making (ACCG106 ... Related documents. balance. e. decreased by $20, g. Operating, investing, financing a. e. Accounts Payable (Creditors)

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