ACC 556 STR Focus Dreams/uophelp.com

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ACC 556 STR Focus Dreams/uophelp.com

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ACC 556 All Chapter Quizzes

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• Please check the details of Quizzes given under
  our product section individually (all questions
  are mentioned there)
• ACC 556 Chapter 1 Quiz (100 Score)
• ACC 556 Chapter 2 Quiz (100 Score)
• ACC 556 Chapter 3 Quiz (100 Score)
• ACC 556 Chapter 4 Quiz (100 Score)
• ACC 556 Chapter 5 Quiz (100 Score)

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ACC 556 Chapter 1 Quiz (100 Score)

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• Chapter 1 Quiz
• Question 1
• A business organized as a separate legal entity
  owned by stockholders is a partnership.
• Question 2
• Accounting communicates financial information
  about a business to both internal and external
  users.
• Question 3

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ACC 556 Chapter 2 Quiz (100 Score)

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• Chapter 2 Quiz
• Question 1
• Cash and supplies are both classified as current
  assets.
• Question 2

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ACC 556 Chapter 3 Quiz (100 Score)

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• Chapter 3 Quiz
• Question 1
• Economic events that require recording in the
  financial statements are called accounting
  transactions
• Question 2
• An account is often referred to as a T-account
  because of the way it is constructed.
• Question 3

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ACC 556 Chapter 4 Quiz (100 Score)

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• Chapter 4 Quiz
• Question 1
• The revenue recognition principle dictates that
  revenue be recognized in the accounting period in
  which the performance obligation is satisfied.
• Question 2
• An adjusting entry to a prepaid expense is
  required to recognize expired expenses.
• Question 3

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ACC 556 Chapter 5 Quiz (100 Score)

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• Chapter 5 Quiz
• Question
• An advantage of using the periodic inventory
  system is that it requires less record keeping
  than the perpetual inventory system.
• Question
• The terms 2/10, net/30 mean that a 2 percent
  discount is allowed on payments made within the
  10 days discount period.
• Question 3

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ACC 556 Chapter 6 Quiz (100 Score)

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• Chapter 6 Quiz
• Question 1
• Raw materials inventories are the goods that a
  manufacturing company has completed and are ready
  to be sold to customers.
• Question 2

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ACC 556 Chapter 7 Quiz (100 Score)

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• Chapter 7 Quiz
• Question 1
• The most important element of the fraud triangle
  is rationalization.
• Question 2
• Requiring employees to take vacations is a
  weakness in the system of internal controls
  because it does not promote operational
  efficiency.
• Question 3
• Under an effective system of internal control,
  errors occur

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ACC 556 Chapter 8 Quiz (100 Score)

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• Chapter 8 Quiz
• Question 1
• An aging of accounts receivable schedule is based
  on the premise that the longer the period an
  account remains unpaid, the greater the
  probability that it will eventually be collected.
• Question 2

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ACC 556 Chapter 9 Quiz (100 Score)

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• Chapter 9 Quiz
• Question
• The statement of cash flows is a required
  statement that must be prepared along with an
  income statement, balance sheet, and retained
  earnings statement.
• Question
• The activity from the balance sheet to be
  presented in the financing activities section of
  the statement of cash flows is based on an
  analysis of stockholders equity only.
• Question 3

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ACC 556 Chapter 10 Quiz (100 Score)

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• Chapter 10 Quiz
• Question
• A current liability must be paid out of current
  earnings.
• Question
• Most notes are not interest bearing.
• Question 3

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ACC 556 Chapter 11 Quiz (100 Score)

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• Chapter 11 Quiz
• Question 1
• A current liability must be paid out of current
  earnings.
• Question 2

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ACC 556 Chapter 12 Quiz (100 Score)

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• Chapter 12 Quiz
• Question 1
• The statement of cash flows is a required
  statement that must be prepared along with an
  income statement, balance sheet, and retained
  earnings statement.
• Question 2
• The activity from the balance sheet to be
  presented in the financing activities section of
  the statement of cash flows is based on an
  analysis of stockholders equity only.
• Question 3

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ACC 556 Chapter 13 Quiz (100 Score)

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• Chapter 13 Quiz
• 1. Price-earnings ratio
• 2. Return on assets
• 3. Accounts receivable turnover ratio
• 4. Earnings per share

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ACC 556 Chapter 22 Quiz (100 Score)

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• Chapter 22 Quiz
• Question 1
• Budget reports comparing actual results with
  planned objectives should be prepared only once a
  year.
• Question 2

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ACC 556 Final Part 1 (100 Correct Answers)

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• Final Part 1
• Question 1
• Under the corporate form of business organization
• Question 2
• Accountants do not attempt to measure the change
  in a plant asset's market value during ownership
  because
• Question 3

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ACC 556 Final Part 1 and 2

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• Final Part 1
• Question 1
• Under the corporate form of business organization
• Question 2
• Accountants do not attempt to measure the change
  in a plant asset's market value during ownership
  because
• Question 3
• Budget reports provide the feedback needed

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ACC 556 Final Part 2 (100 Correct Answers)

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• Final Part 2
• Question 1
• A manager of a cost center is evaluated mainly on
• Question 2
• Bogey Co. recorded operating data for its Cheap
  division for the year. Bogey requires its return
  to be 10.
• Sales
  1,400,000
• Controllable margin
  160,000

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ACC 556 Midterm Part 1 (100 Correct Answers)

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• ACC 556 - Midterm part 1
• Question 1
• Source documents can provide evidence that a
  transaction has occurred
• Question 2
• Expense recognition is tied to revenue
  recognition.
• Question 3
• To obtain maximum benefit from a bank
  reconciliation, the reconciliation should be
  prepared by the employee authorized to sign
  checks.

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ACC 556 Midterm Part 1 and 2

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• ACC 556 - Midterm part 1
• Question 1
• Source documents can provide evidence that a
  transaction has occurred
• Question 2
• Expense recognition is tied to revenue
  recognition.
• Question 3

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ACC 556 Midterm Part 2 (100 Correct Answers)

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• ACC 556 - Midterm part 2
• Question 1
• Which of these would cause the inventory turnover
  ratio to increase the most?
• Question 2
• Bad Debt Expense is considered
• Question 3

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ACC 556 Week 6 Assignment 1 Financial Analysis (4
Papers, Apple, Lowe's, Mc Donalds, Walmart)

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• This Tutorial contains 4 Different Papers (Apple,
  Lowe's, Mc Donalds, Walmart)
• ACC 556 Week 6 Assignment 1 Financial Analysis
• Assignment 1 Financial Analysis
• worth 160 points
• Use the Internet or Str databases to research one
  (1) publicly traded company and review its last
  annual report. Use an investors view to perform
  financial analysis and discuss various
  non-financial factors impacting investment
  decision.
• Write a two to three (2-3) page paper in which
  you
• 1. From an investors view, review the last
  annual report for chosen

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ACC 556 Week 10 Assignment 2 Budget Planning and
Control (3 Papers)

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• This Tutorial contains 3 Different Papers
• Assignment 2 Budget Planning and Control
• Due Week 10 and worth 160 points
• Use the Internet and / or databases to research
  budget planning and control. Imagine that the
  company that you currently work for, have
  previously worked for, or would like to work for
  in the future has tasked you with preparing a
  budget plan.
• Write a three to four (3-4) page paper in which
  you
• 1.Describe the company that you currently work
  for, have previously

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ACC 556 STR Focus Dreams/uophelp.com

• For more course tutorials visit
• www.uophelp.com