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1. ACC 556 OUTLET Help Invent Youself-acc556outlet.com FOR MORE CLASSES VISIT www.acc556outlet.com

2. ACC 556 All Chapter Quizzes FOR MORE CLASSES VISIT www.acc556outlet.com  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)ACC 556 Chapter 6 Quiz (100% Score)ACC 556 Chapter 7 Quiz (100% Score)

3. 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  Accounting communicates financial information about a business to both internal and external users.

4. ACC 556 Chapter 2 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com 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.

5. 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.

6. 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.

7. 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  The terms 2/10, net/30 mean that a 2 percent discount is allowed on payments made within the 10 days discount period.

8. ACC 556 Chapter 6 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com 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 Goods held on consignment should be included in the consignor’s ending inventory

9. ACC 556 Chapter 7 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com 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.

10. ACC 556 Chapter 8 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com 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.

11. ACC 556 Chapter 9 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com 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.

12. ACC 556 Chapter 10 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com Chapter 10 Quiz Question 1  A current liability must be paid out of current earnings. Question 2  Most notes are not interest bearing. Question 3 Unerned revenues are received before goods are delivered or services are rendered.

13. 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 Most notes are not interest bearing

14. ACC 556 Chapter 12 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com 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.

15. 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 ratio

16. ACC 556 Chapter 21 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com Chapter 21 Quiz Question 1 A benefit of budgeting is that it provides definite objectives for evaluating performance. Question 2 Effective budgeting requires clearly defined lines of authority and responsibility.

17. ACC 556 Chapter 22 Quiz (100% Score) FOR MORE CLASSES VISIT www.acc556outlet.com Chapter 22 Quiz Question 1  Budget reports comparing actual results with planned objectives should be prepared only once a year. Question 2  A static budget is changed only when actual activity is different from the level of activity expected.

18. 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  Accountants do not attempt to measure the change in a plant asset's market value during ownership because

19. ACC 556 Final Part 1 and 2 FOR MORE CLASSES VISIT www.acc556outlet.com 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

20. 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 Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%.

21. ACC 556 Midterm Part 1 (100% Correct Answers) FOR MORE CLASSES VISIT www.acc556outlet.com 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.

22. ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES VISIT www.acc556outlet.com 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.

23. 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•Question 3A trial balance proves

24. 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 AnalysisAssignment 1: Financial Analysisworth 160 pointsUse the Internet or Str databases to research one

25. ACC 556 Week 10 Assignment 2 Budget Planning and Control (3 Papers) FOR MORE CLASSES VISIT www.acc556outlet.com This Tutorial contains 3 Different PapersAssignment 2: Budget Planning and ControlDue Week 10 and worth 160 pointsUse 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

26. ACC 556 OUTLET Help Invent Youself-acc556outlet.com FOR MORE CLASSES VISIT www.acc556outlet.com