uop acc 290 new,uop acc 290 new,uop acc 290 new complete course,uop a ACC 290 Final Exam NEW | Page 12

$556,000
$376,000
$686,000
Question 18
Accounting information is relevant to business decisions
because it
confirms prior expectations.
has been verified by external audit.
is prepared on an annual basis.
is neutral in its representations.
Question 19
Howard Company had a transaction that caused a $5,000
increase in both assets and total liabilities. This transaction
could have been a(n)
investment of $5,000 cash in the business by the stockholders.
purchase of office equipment for $12,000, paying $7,000 cash
and issuing a note payable for the balance.
purchase of office equipment for $5,000 cash.
repayment of a $5,000 bank loan.