Funeral Arts National Board Exam, Answered

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Funeral Arts National Board Exam, Answered-Register of all the general ledger accounts - Will Show profits and losses of a business Difference between currents assets and liabilities. When current ... assets exceed liabilities - Working Capital Must include what three disclosures - Embalming, Cash Advance, & Legal Requirements Uniform commercial code has 4 different kinds of paper - Promissory Note, Draft, Checks and certificates of deposit What kind of law enacts statutory law - Administrative Period of time that is covered by an income statement - Fiscal Period W-4 Form - Employees withholding allowance Agency Creation: - Express, Operation of law, Ratification and implied authority Merchandise Value Ratio= - Wholesale $ / Total $ Metal Alloys: - Steel, Iron and Carbon Money paid for the use of money is - Interest Total assets exceed the total liabilities - Capital Each function and item of merchandise is priced separately is: - Itemized pricing Current Ratio= - Assets/Liabilities Reduction of a legacy - Abatement Accounts receivable turnover= - (Beginning accounts revocable-ending accounts revocable) / 2 [Show More]

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