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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 17 - Fill in the Blanks

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Question 1 of 10

1. Question
Because of its expanding role, complexity, and areas of involvement, managerial accounting is increasingly referred to as ____________finance.
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Question 2 of 10

2. Question
Business value is driven by good management decisions in the areas of ____________, ____________, and ____________.
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Question 3 of 10

3. Question
A business should carefully define and communicate its ____________ to set the rules by which it will play.
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4. Question
____________ can be defined as the collection, assignment, and interpretation of cost.
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Question 5 of 10

5. Question
Deviations from standards that may require management attention are known as ____________.
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Question 6 of 10

6. Question
In the manufacture of wooden toy chests, lumber would be an example of ____________ material and nails would be an example of ____________ material.
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Question 7 of 10

7. Question
Prime costs consist of ____________ and ____________. Conversion costs consist of ____________ and ____________.
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Question 8 of 10

8. Question
The three categories of inventory for a manufacturer are ____________, ____________, and ____________.
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Question 9 of 10

9. Question
An inventory account that would be found only on the balance sheet of a manufacturer is ____________.
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Question 10 of 10

10. Question
Total production costs differ from the cost of goods manufactured due to the change in ____________ inventories from the beginning of the year to the end of the year.
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Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

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Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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