ACC 205 Week 4 Chapter 7 8 Quiz and Video Quiz
ACC 205 Week 4 Chapter 7 8 Quiz and Video Quiz Click Below Link To Purchase http://www.foxtutor.com/product/acc-205-week-4- chapter-7-8-quiz-and-video-quiz 1. Current Liabilities are _____________________________. (Points : 1) Question 2. 2. The Unearned Revenue account is used to record ____________________. (Points : 1) Question 3. 3. A contingent liability like a lawsuit is required to be recorded when the probability of an unfavorable outcome is __________________. (Points : 1) Question 4. 4. An employer is required to match certain payroll taxes like ________________. (Points : 1) Question 5. 5. If a firm plans to conduct business in multiple states what organization form is required? (Points : 1) Question 6. 6. The form of business organization that has a perpetual existence is the ___________. (Points : 1) Question 7. 7. The concept of mutual agency in relationship to a partnership means______________. (Points : 1) Question 8. 8. A sole proprietor __________________. (Points : 1) Question 9. 9. The journal entry needed when a partner contributes assets to the partnership would include ____________________. (Points : 1) Question 10.10. The term par value in a business organization refers to_________________. (Points : 1) Part 2 1. A stockholder in a corporation has limited liability. Question 2. 2. Income for a partner incurs double taxation since the partnership is a taxable entity. (Points : 1) Question 3. 3. A partnership has perpetual existence since someone can purchase the share of the partnership belonging to a deceased partner upon their death. Question 4. 4. A sole proprietor cannot have employees and remain a sole proprietor. Question 5.5. Treasury stock is stock that has been repurchased by the issuing corporation.
ACC 205 Week 4 Chapter 7 8 Quiz and Video
Quiz
Click Below Link To Purchase
http://www.foxtutor.com/product/acc-205-week-4-
chapter-7-8-quiz-and-video-quiz
1. Current Liabilities are _____________________________. (Points : 1)
Question 2. 2. The Unearned Revenue account is used to record
____________________. (Points : 1)
Question 3. 3. A contingent liability like a lawsuit is required to be
recorded when the probability of an unfavorable outcome is
__________________. (Points : 1)
Question 4. 4. An employer is required to match certain payroll taxes
like ________________. (Points : 1)
Question 5. 5. If a firm plans to conduct business in multiple states
what organization form is required? (Points : 1)
Question 6. 6. The form of business organization that has a perpetual
existence is the ___________. (Points : 1)
Question 7. 7. The concept of mutual agency in relationship to a
partnership means______________. (Points : 1)
Question 8. 8. A sole proprietor __________________. (Points : 1)
Question 9. 9. The journal entry needed when a partner contributes
assets to the partnership would include ____________________.
(Points : 1)
Question 10.10. The term par value in a business organization refers
to_________________. (Points : 1)
Part 2
1. A stockholder in a corporation has limited liability.
Question 2. 2. Income for a partner incurs double taxation since the
partnership is a taxable entity. (Points : 1)
Question 3. 3. A partnership has perpetual existence since someone can
purchase the share of the partnership belonging to a deceased partner
upon their death.
Question 4. 4. A sole proprietor cannot have employees and remain a
sole proprietor.
Question 5.5. Treasury stock is stock that has been repurchased by the
issuing corporation.
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<strong>ACC</strong> <strong>205</strong> <strong>Week</strong> 4 <strong>Chapter</strong> 7 8 <strong>Quiz</strong> <strong>and</strong> <strong>Video</strong><br />
<strong>Quiz</strong><br />
Click Below Link To Purchase<br />
http://www.foxtutor.com/product/acc-<strong>205</strong>-week-4-<br />
chapter-7-8-quiz-<strong>and</strong>-video-quiz<br />
1. Current Liabilities are _____________________________. (Points : 1)<br />
Question 2. 2. The Unearned Revenue account is used to record<br />
____________________. (Points : 1)<br />
Question 3. 3. A contingent liability like a lawsuit is required to be<br />
recorded when the probability of an unfavorable outcome is<br />
__________________. (Points : 1)<br />
Question 4. 4. An employer is required to match certain payroll taxes<br />
like ________________. (Points : 1)<br />
Question 5. 5. If a firm plans to conduct business in multiple states<br />
what organization form is required? (Points : 1)
Question 6. 6. The form of business organization that has a perpetual<br />
existence is the ___________. (Points : 1)<br />
Question 7. 7. The concept of mutual agency in relationship to a<br />
partnership means______________. (Points : 1)<br />
Question 8. 8. A sole proprietor __________________. (Points : 1)<br />
Question 9. 9. The journal entry needed when a partner contributes<br />
assets to the partnership would include ____________________.<br />
(Points : 1)<br />
Question 10.10. The term par value in a business organization refers<br />
to_________________. (Points : 1)
Part 2<br />
1. A stockholder in a corporation has limited liability.<br />
Question 2. 2. Income for a partner incurs double taxation since the<br />
partnership is a taxable entity. (Points : 1)<br />
Question 3. 3. A partnership has perpetual existence since someone can<br />
purchase the share of the partnership belonging to a deceased partner<br />
upon their death.<br />
Question 4. 4. A sole proprietor cannot have employees <strong>and</strong> remain a<br />
sole proprietor.<br />
Question 5.5. Treasury stock is stock that has been repurchased by the<br />
issuing corporation.
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