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Acounting & Finance
Accounting is the practice of recording, summarizing, and reporting financial transactions to provide information for decision-making, while finance is the management of money, including investing, budgeting, and forecasting.
Quiz Questions
Q529: Which costing method assigns costs to activities?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q530: Which audit opinion is given when financial statements are fairly presented?
Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio
Q531: Overhead costs are usually allocated based on:
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
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