CSUF ACCT 201A (Hoffman) Final Actual Exam Complete Questions with Correct Detailed Verified Answers
CSUF ACCT 201A (Hoffman) Final Actual Exam Complete Questions with Correct Detailed Verified Answers Newest 2025 Introduction: This document contains the complete set of actual final exam questions for CSUF ACCT 201A, each accompanied by correct, detailed, and verified answers. It covers all major financial accounting concepts, including the accounting equation, financial statements, accrual accounting, depreciation, inventory systems, revenue recognition, financial ratios, and time value of money. Serving as a comprehensive review resource, it is aligned with the course’s final assessment structure and provides clear explanations for both theoretical concepts and calculation-based questions. Exam Question and Answer: 1: What is the accounting equation? --- correct answer --- The accounting equation is Assets = Liabilities + Equity. 2: What are the three main financial statements? --- correct answer --- The three main financial statements are the Balance Sheet, Income Statement,
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- CSUF ACCT 201A (Hoffman) Final Actual Exam Complete Questions with Correct Detai
- accounting equation
- financial statements
- balance sheet purpose
- income statement purpose
- cash flow statement
- net income calculation
- accrual accounting
- accounts payable vs receivable
- depreciation
- double-entry accounting
- journal entry
- cost of goods sold formula
- trial balance
- liquidity definition
- current vs non-current assets
- matching principle
- ledger
- current ratio
- equity definition
- fiscal year
- materiality principle
- contingent liability
- adjusting entries
- retained earnings formula
- debit vs credit
- going concern principle
- capital lease
- revenue recognition principle
- contra account
- gross profit
- perpetual vs periodic inventory
- amortization
- bank reconciliation
- conservatism principle
- deferred revenue
- earnings per share
- intangible asset
- variable vs fixed costs
- subsidiary ledger
- petty cash fund
- debt-to-equity ratio
- audit purpose
- working capital
- bond definition
- historical cost
- direct vs indirect cash flow method
- return on assets
- contingent asset
- capital expenditure
- operating lease
- present value
- goodwill
- quick ratio
- financial statement notes
- impairment
- provision
- fair value
- dividend
- price-to-earnings ratio
- financial ratios
- leasehold improvements
- primary vs secondary market
- time value of money
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- 2025
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