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ACT210 CSU FINAL EXAM 2025 QUESTIONS AND ANSWERS Accounting - ....ANSWER ...-A system of maintaining records of a company's operations and communicating that information to decision makers Accounting Equation - ....ANSWER ...-Equation that shows a company's resources (assets) equal creditors' and owners' claims to those resources (liabilities and stockholders' equity). Assets - ....ANSWER ...-Resources of a company Auditors - ....ANSWER ...-Trained individuals hired by a company as an independent party to express a professional opinion of the conformity of that company's financial statements with GAAP Balance Sheet - ....ANSWER ...-A financial statement that presents the financial position of the company on a particular date Comparability - ....ANSWER ...-The ability of users to see similarities and differences between two different business activities ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1