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Please can you help me with this assignment its Finance and Accounting. Document Attached. 4. The individual transaction: A. creates the original record and is
Please can you help me with this assignment its Finance and Accounting. Document Attached.
4. The individual transaction: A. creates the original record and is recorded into a subsidiary journal. B. balances and groups similar transactions. C. ends the \"progress of a transaction\" information flow. D. adjusts and balances transactions for the period 5. An organization's economic resources include: A. accounts payable. B. notes receivable. C. notes payable. D. insider claims. 6. Within the annual management cycle, raw data: A. is typically operating information and is unadjusted. B. has been verified but have not yet been balanced. C. has been adjusted and verified. D. appears in the quarterly report. 7. When creating a report to communicate financial information, the manager must typically use a standard format that: A. is used by a healthcare trade organization. B. is accepted in the accounting profession and uses terminology that is accepted in your area of the health care industry. C. recognizes where his or her duties fit within the format. D. place extensive detail in the body of the report. 8. When creating a report to communicate financial information, the manager should: A. organize the body of the report in a logical flow. B. place extensive detail in the body of the report. C. place the executive summary in the appendix. D. be able to make executive decisions concerning a particular segment. 10. Managers who are affiliated with the information system hierarchy in the organization typically operate from a(n) ____________ view. A. financial B. process C. clinical D. operations 12. Financial reporting primarily deals with: A. future transactions such as projecting outcomes and preparing budgets. B. transactions that have already occurred. C. both transactions that have already occurred and certain future transactions. D. preparing budgets 13. When a financial manager studies current reports and compares them with reports from earlier periods to see if established plans are being followed, these reports are called: A. subsidiary reports. B. the general ledger. C. feedback. D. data accumulation. 14. If a balance sheet contains the terms capital stock and retained earnings, then we can deduce that the organization is a for-profit: A. sole proprietor. B. partnership. C. corporation. D. None of the above 16. The Green Tree Nursing Facility possesses a note receivable in the amount of $12,000. The note will not be paid until Mrs. Jones' estate is settled, and her attorneys have informed Green Tree's accountant that payment cannot be expected before, at the earliest, eighteen months from now. Consequently the accountant will record this note receivable as a: A. current, or short-term asset. B. long-term asset. C. long-term liability. D. current, or short-term liabilityStep by Step Solution
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