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ACG 2071 FSU Final Exam (actual / ) Questions With Answers Graded A+
Which of the following requires the company's CEO and CFO to assume responsibility for the company's financial statements and disclosures? - ---Answers----SOX
Which of the following is false? - ---Answers----The triple
bottom line focuses on three items: net income, net assets,
and return on investment.
All of the following are business trends affecting management
accounting except: - ---Answers----shifting economy.
sustainability.
big data.
all of the above.
Which of the following types of companies would have work in process inventory? - ---Answers----manufacturing
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Which of the following is not an activity in the value chain? - -- -Answers----administration
A cost that can be traced to a cost object is known as a - --- Answers----direct cost
Period costs are often referred to as - ---Answers---- operating expenses
Conversion costs consist of - ---Answers----direct labor and manufacturing overhead.
Which of the following is not part of manufacturing overhead?
- ---Answers----Period costs, such as depreciation on office
computers
Which of the following is a calculated amount, rather than a general ledger account? - ---Answers----Cost of goods manufactured
Which of the following types of companies will always have the Cost of Goods Sold account on their income statements? - --- Answers----Merchandising and manufacturing companies
Which of the following is false? - ---Answers----Sunk costs are generally relevant to decisions.
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