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ACC 290 Week 1 Practice Connect Knowledge Check//tutorfortune.com

ACC 290 Week 1 Practice Connect Knowledge Check//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/acc-290-week-1-practice-connect-knowledge-check-1<br><br>ACC 290 Week 1 Practice: Connectu00ae Knowledge Check<br><br>Complete the Week 1 Knowledge Check in Connectu00ae.<br><br>Note: You have unlimited attempts available to complete this practice assignment. The highest scored attempt will be recorded.<br><br>These assignments have earlier due dates, so plan accordingly.<br><br>Grades must be transferred manually to eCampus by your instructor. Don't worry, this might happen after your due date.<br><br> <br><br>The form of a business organization that is not affected by the withdrawal or death of an owner and can continue indefinitely is the<br><br>Multiple Choice<br><br>u2022 <br><br>corporation.<br><br>u2022 <br><br> sole proprietorship.<br><br>u2022 <br><br>nonprofit organization.<br><br>u2022 <br><br>partnership.<br><br> <br><br>When the owner invests equipment in a business,<br><br>Multiple Choice<br><br>assets increase and owneru2019s equity decreases.<br><br>u2022 <br><br> assets and owneru2019s equity increase.<br><br>u2022 <br><br>assets and revenue increase.<br><br>u2022 <br><br>liabilities decrease and owneru2019s equity increases<br><br> <br><br>The Statement of Owner's Equity is calculated as follows:<br><br>Multiple Choice<br><br>beginning capital net income withdrawals additional investments = ending capital<br>beginning capital net loss u2212 withdrawals additional investments = ending capital<br><br>beginning capital net income u2212 withdrawals additional investments = ending capital<br><br>u2022 <br><br>beginning capital net loss withdrawals additional investments = ending capital<br><br><br><br>The Financial Accounting Standards Board is responsible for<br><br>Multiple Choice<br><br>u2022 <br><br>auditing financial statements.<br><br>u2022 <br><br>developing generally accepted accounting principles.<br><br>establishing accounting systems for businesses.<br> <br>ACC 290 Week 1 Practice: Connectu00ae Knowledge Check<br><br>Click on below link to buy<br>https://tutorfortune.com/products/acc-290-week-1-practice-connect-knowledge-check-1<br>

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ACC 290 Week 1 Practice Connect Knowledge Check//tutorfortune.com

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  1. ACC 290 Week 1 Practice Connect Knowledge Check//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/acc-290-week-1-practice-connect-knowledge-check-1 A C C 2 9 0 We e k 1 P r a c t i c e : C o n n e c t ® K n o w l e d g e C h e c k C o mp l e t e   t h e We e k 1 K n o w l e d g e C h e c k i n C o n n e c t ® . N o t e :   Y o u h a v e   u n l i mi t e d a t t e mp t s   a v a i l a b l e t o c o mp l e t e t h i s p r a c t i c e a s s i g n me n t . T h e h i g h e s t s c o r e d a t t e mp t w i l l b e r e c o r d e d . T h e s e a s s i g n me n t s h a v e e a r l i e r d u e d a t e s , s o p l a n a c c o r d i n g l y . G r a d e s mu s t b e t r a n s f e r r e d ma n u a l l y t o e C a mp u s b y y o u r i n s t r u c t o r . D o n ' t w o r r y , t h i s mi g h t h a p p e n a f t e r y o u r d u e d a t e .   T h e f o r m o f a b u s i n e s s o r g a n i z a t i o n t h a t i s n o t a ff e c t e d b y t h e w i t h d r a w a l o r d e a t h o f a n o w n e r a n d c a n c o n t i n u e i n d e fi n i t e l y i s t h e Mu l t i p l e C h o i c e •             c o r p o r a t i o n . •               s o l e p r o p r i e t o r s h i p . •             n o n p r o fi t o r g a n i z a t i o n . •            

  2. p a r t n e r s h i p .   Wh e n t h e o w n e r i n v e s t s e q u i p me n t i n a b u s i n e s s , Mu l t i p l e C h o i c e a s s e t s i n c r e a s e a n d o w n e r ’ s e q u i t y d e c r e a s e s . •               a s s e t s a n d o w n e r ’ s e q u i t y i n c r e a s e . •             a s s e t s a n d r e v e n u e i n c r e a s e . •             l i a b i l i t i e s d e c r e a s e a n d o w n e r ’ s e q u i t y i n c r e a s e s   T h e S t a t e me n t o f O w n e r ' s E q u i t y i s c a l c u l a t e d a s f o l l o w s : Mu l t i p l e C h o i c e b e g i n n i n g c a p i t a l + n e t i n c o me + w i t h d r a w a l s + a d d i t i o n a l i n v e s t me n t s = e n d i n g c a p i t a l b e g i n n i n g c a p i t a l + n e t l o s s − w i t h d r a w a l s + a d d i t i o n a l i n v e s t me n t s = e n d i n g c a p i t a l b e g i n n i n g c a p i t a l + n e t i n c o me − w i t h d r a w a l s + a d d i t i o n a l i n v e s t me n t s = e n d i n g c a p i t a l •             b e g i n n i n g c a p i t a l + n e t l o s s + w i t h d r a w a l s + a d d i t i o n a l i n v e s t me n t s = e n d i n g c a p i t a l T h e F i n a n c i a l A c c o u n t i n g S t a n d a r d s B o a r d i s r e s p o n s i b l e f o r Mu l t i p l e C h o i c e

  3. •             a u d i t i n g fi n a n c i a l s t a t e me n t s . •             d e v e l o p i n g g e n e r a l l y a c c e p t e d a c c o u n t i n g p r i n c i p l e s . e s t a b l i s h i n g a c c o u n t i n g s y s t e ms f o r b u s i n e s s e s .   A C C 2 9 0 We e k 1 P r a c t i c e : C o n n e c t ® K n o w l e d g e C h e c k Click on below link to buy https://tutorfortune.com/products/acc-290-week-1-practice-connect-knowledge-check-1

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