Title: ACC 556 OUTLET STR Successful Learning / acc556outlet.com
1ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
2ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 All Chapter Quizzes FOR MORE CLASSES
VISIT www.acc556outlet.com Please check the
details of Quizzes given under our product
section individually (all questions are mentioned
there) Â 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)
3ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 1 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 1
Quiz Question 1 A business organized as a
separate legal entity owned by stockholders is a
partnership. Question 2 Â Accounting communicates
financial information about a business to both
internal and external users. Question 3
4ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 2 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 2
Quiz Question 1 Â Cash and supplies are both
classified as current assets. Question
2 Â Earnings per share measures the net income
earned on each share of common stock. Question
3 Â
5ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 3 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com 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. Â Question 3
6ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 4 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com 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
7ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 5 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com 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. Question 2 Â
8ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 6 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 6
Quiz Question 1 Â Raw materials inventories are
the goods that a manufacturing company has
completed and are ready to be sold to
customers. Question 2 Â
9ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 7 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 7
Quiz Question 1 Â The most important element of
the fraud triangle is rationalization. Question
2 Â Requiring employees to take vacations is a
weakness in the
10ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 8 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 8
Quiz Question 1 Â 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 Â
11ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 9 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 9
Quiz Question 1 Â 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
12ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 10 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 10
Quiz Question 1 Â A current liability must be
paid out of current earnings. Question 2 Â Most
notes are not interest bearing. Question 3 Â
13ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 11 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 11
Quiz  Question 1  A current liability must be
paid out of current earnings. Question 2 Â Most
notes are not interest bearing Â
14ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 12 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 12
Quiz Question 1 Â 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
15ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 13 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 13
Quiz 1.   Price-earnings ratio2.   Return on
assets3.   Accounts receivable turnover
ratio4.   Earnings per share5.   Payout
ratio6.   Current cash debt coverage
16ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 21 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 21
Quiz Question 1 Â A benefit of budgeting is that
it provides definite objectives for evaluating
performance. Question 2 Â
17ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Chapter 22 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com Chapter 22
Quiz Question 1 Â Budget reports comparing actual
results with planned objectives should be
prepared only once a year. Question 2 Â A static
budget is changed only when actual activity is
different from the level of activity expected.
18ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Final Part 1 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com Final
 Part 1 Question 1  Under the corporate form of
business organization Question 2 Â Accountants do
not attempt to measure the change in a plant
asset's market value during ownership
because Question 3
19ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Final Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556outlet.com Final Part 1 Question
1 Â Under the corporate form of business
organization Question 2 Â Accountants do not
attempt to measure the change in a plant asset's
market value during ownership because Question
3 Â
20ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Final Part 2 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com Final
 Part 2 Question 1  A manager of a cost center
is evaluated mainly on Question 2 Â Bogey Co.
recorded operating data for its Cheap division
for the year. Bogey requires its return to be
10.
21ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Midterm Part 1 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com ACCÂ 5
56 - Midterm part 1  Question 1 Source document
s can provide evidence that a transaction has occu
rred  Question 2 Expense recognition is tied to
 revenue recognition.  Â
22ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556outlet.com ACC 556 - Midterm partÂ
1 Question 1 Source documents can provide eviden
ce that a transaction has occurred Â
Question 2 Expense recognition is tied to revenueÂ
recognition.
23ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Midterm Part 2 (100 Correct Answers)
FOR MORE CLASSES VISIT www.acc556outlet.com 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
24ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Week 6 Assignment 1 Financial Analysis
(4 Papers, Apple, Lowe's, Mc Donalds, Walmart)
FOR MORE CLASSES VISIT www.acc556outlet.com This
Tutorial contains 4 Different Papers (Apple,
Lowe's, Mc Donalds, Walmart) ACC 556 Week 6
Assignment 1 Financial Analysis Assignment
1Â Financial Analysis
25ACC 556 OUTLET STR Successful Learning /
acc556outlet.com
ACC 556 Week 10 Assignment 2 Budget Planning and
Control (3 Papers) FOR MORE CLASSES
VISIT www.acc556outlet.com This Tutorial contains
3 Different Papers Assignment 2Â Budget
Planning and ControlDue Week 10 and worth 160
points
26ACC 556 OUTLET STR Successful Learning /
acc556outlet.com