ADMS 1500 Study Guide - Final Guide: Accounting Equation, Tax Law, Budget

• School: York University
• Department: Administrative Studies
• Course: ADMS 1500
• Professor: all

Document Summary

Sign-in number (to be filled when you sign in only): _____________ An introduction to accounting: the analysis and use of financial information. Part a multiple choice (70 / 100 marks two hours: financial statements are required to be produced by ____________. The canada business corporations act and its provincial equivalents. None of the above: the ratio of operating income to total assets is ____________. None of the above: investors buy shares in quietus ltd. for million. On day one of the company"s operations, million is spent on assets and million is borrowed from the bank. By the end of the first month they have also bought million of goods for resale on credit and made sales of million on credit. The remaining inventory had a cost of million. None of the above: tom & dick go into business together as partnership, selling computer software through the internet.