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The financial examination of a company's financial records is called a(n
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Asked 8/25/2012 5:30:27 PM
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User: The financial examination of a company's financial records is called a(n

Weegy: ... refers to the systematic examination and verification of a company's financial records, as ... [ When you record projected financial activities, it's called a "pro-forma ... ]


User: The financial examination of a company's financial records is called a(n): appraisal. financial analysis. criminal investigation. audit.

Weegy: An analysis of financial ... the term "audit" refers to the systematic examination and verification of a company's financial records ... [ This essay, called a financial ... ]


User: The financial examination of a company's financial records is called a(n): appraisal. financial analysis.criminal investigation. audit.

Weegy: The financial examination of a company's financial records is called an audit.
Expert answered|debnjerry|Points 36012|

User: Hamilton Lawn Service incurred $500 labor expense and promised to pay the labor agency within 30 days. Which account increased? Cash Accounts receivable Owner's capital Accounts payable

Weegy: Accounts payable increased because the labor expense is money owed.
Expert answered|debnjerry|Points 36012|

User: David has decided to open an auto-detailing business. He will pick up an automobile from the client, take it to his parents' garage, detail it, and return it to the client. If he does all of the work himself and takes no legal steps to form a special organization, which type of business organization, in effect, has he chosen? Proprietorship Partnership Limited liability company Corporation

Weegy: He has chosen a proprietorship.
Expert answered|debnjerry|Points 36012|

User: The proprietor of Martin Supply Services took a $5,000 cash withdrawal. Which of the following accounts decreased? Accounts receivable Accounts payable Owner's capital Office supplies

Weegy: Owners Capital decreased when the proprietor took a $5,000 cash withdrawal.
Expert answered|debnjerry|Points 36012|

User: Which of the following statements BEST defines financial statements? Financial statements are documents that report on a business in monetary terms, providing information to help people make informed business decisions. Financial statements are the verbal statements made to business news organizations by chief financial officers. Financial statements are plans and forecasts for future time periods. Financial statements are the information systems that record and measure business transactions.

Weegy: Financial statements are documents that report on a business in monetary terms, providing information to help people make informed business decisions.
Expert answered|debnjerry|Points 36012|

User: Which of the following statements BEST describes managerial accounting? Managerial accounting provides information for the public. Managerial accounting provides information for taxing authorities. Managerial accounting focuses on information for internal decision making. Managerial accounting focuses on outside investors and lenders

Weegy: Managerial accounting focuses on information for internal decision making.
Expert answered|debnjerry|Points 36015|

User: ABC Delivery Service had the following transactions in June: Earned $4,000 cash for services rendered; collected $2,500 from a customer "on account;" paid out $200 cash for plumbing services; received $3,500 of supplies and promised to pay one month later; paid out $1,000 in cash drawings to the owner. How much was Net income in June? $2,800 $3,800 $6,300 $5,300

Weegy: Net income was $3,800. Revenue minus expenses.
Expert answered|debnjerry|Points 36015|

User: Which of the following concepts (or principles) would dictate that a person with three different businesses keep three different checking accounts? Going-concern concept Entity concept Faithful representation principle Cost principle

Weegy: Entity Concept would dictate the person with three different businesses keep three different checking accounts. In accounting, the separate entity concept treats a business as distinct and separate from its owners. [ The business stands apart from other organizations as a separate economic unit. It is necessary to record the business's transactions separately, to distinguish them from the owners' personal transactions. ]





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