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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 24 - Fill in the Blanks

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Question 1 of 10

1. Question
Future costs that differ among alternative courses of action are known as ____________ costs.
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Question 2 of 10

2. Question
____________ means that a company has decided to acquire its goods from outside vendors rather than produce the same goods or services in-house.
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Question 3 of 10

3. Question
The selling price minus all variable costs is termed the ____________.
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Question 4 of 10

4. Question
Expenditures related to programs and projects that influence financial performance of multiple accounting periods are termed ____________ expenditures.
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Question 5 of 10

5. Question
Future value concepts relate to ____________ interest, wherein interest is computed on principal plus previously computed interest.
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Question 6 of 10

6. Question
____________ is the name often given to the process of calculating the present value of future cash receipts.
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Question 7 of 10

7. Question
The ____________ method requires the present value of an investment’s cash inflows to be netted against the present value of the cash outflows.
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Question 8 of 10

8. Question
The ____________ focuses on the average income generated by a project in relation to the project’s initial investment outlay.
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Question 9 of 10

9. Question
____________ is a capital budgeting tool which computes the interest rate necessary to equate cash inflows and cash outflows.
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Question 10 of 10

10. Question
The ____________ method is simple, yet it ignores the time value of money and cash flows which occur beyond a designated period of time.
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Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

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

Glossary

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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