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ACC 556 STR Innovative Education-snaptutorial.com
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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 All Chapter Quizzes

• ACC 556 Chapter 1 Quiz (100 Score)

• 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)

• Chapter 1 Quiz
• Question 1
• A business organized as a separate legal entity
  owned by stockholders is a partnership.
• Question 2

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 2 Quiz (100 Score)

• ACC 556 Chapter 3 Quiz (100 Score)

• Chapter 2 Quiz
• Question 1
• Cash and supplies are both classified as current
  assets.
• Question 2
• Earnings per share measures the net income earned
  on each share of common stock.

• Chapter 3 Quiz
• Question 1
• Economic events that require recording in the
  financial statements are called accounting
  transactions

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 4 Quiz (100 Score)

• ACC 556 Chapter 5 Quiz (100 Score)

• 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.

• Chapter 5 Quiz
• Question 1
• An advantage of using the periodic inventory
  system is that it requires less record keeping
  than the perpetual inventory system.

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 6 Quiz (100 Score)

• ACC 556 Chapter 7 Quiz (100 Score)

• 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.

• 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.

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 8 Quiz (100 Score)

• ACC 556 Chapter 9 Quiz (100 Score)

• 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.

• Chapter 9 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.

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 10 Quiz (100 Score)

• ACC 556 Chapter 11 Quiz (100 Score)

• Chapter 10 Quiz
• Question 1
• A current liability must be paid out of current
  earnings.
• Question 2
• Most notes are not interest bearing.

• Chapter 11 Quiz
• Question 1
• A current liability must be paid out of current
  earnings.
• Question 2
• Most notes are not interest bearing

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 12 Quiz (100 Score)

• ACC 556 Chapter 13 Quiz (100 Score)

• 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

• Chapter 13 Quiz 
• 1. Price-earnings ratio
• 2. Return on assets
• 3. Accounts receivable turnover ratio
• 4. Earnings per share
• 5. Payout ratio
• 6. Current cash debt coverage

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Chapter 21 Quiz (100 Score)

• ACC 556 Chapter 22 Quiz (100 Score)

• Chapter 21 Quiz
• Question 1
• A benefit of budgeting is that it provides
  definite objectives for evaluating performance.

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

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Final Part 1 (100 Correct Answers)

• ACC 556 Final Part 1 and 2

• 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

• 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

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Final Part 2 (100 Correct Answers)

• ACC 556 Midterm Part 1 (100 Correct Answers)

• 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.

• 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.

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ACC 556 STR Innovative Education-snaptutorial.com

• ACC 556 Midterm Part 1 and 2

• ACC 556 Midterm Part 2 (100 Correct Answers)

• 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.

• 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 

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ACC 556 STR Innovative Education-snaptutorial.com

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

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

• 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.

• 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

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