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ACC 556 ASSIST Successful Learning / acc556assist .com

ACC 565 Week 10 Assignment 4 Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax<br>FOR MORE CLASSES VISIT <br>www.acc565assist.com<br><br>ACC 565 Week 10 Assignment 4 Letter to Client<br>TAX-PLANNING CLIENT LETTER ON IRREVOCABLE TRUSTS, GIFT TAX, AND ESTATE TAX<br>Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his

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ACC 556 ASSIST Successful Learning / acc556assist .com

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  1. ACC 556 ASSIST Successful Learning / acc556assist .com

  2. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 556 All Chapter Quizzes FOR MORE CLASSES VISIT www.acc556assist.com 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)

  3. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 1 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 2 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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. • Question 3

  5. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 3 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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. • · Question 3

  6. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 4 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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.

  7. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 5 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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

  8. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 6 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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

  9. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 7 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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

  10. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 8 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 9 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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. • Question 2

  12. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 10 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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 • Unearned revenues are received before goods are delivered

  13. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 11 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 12 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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

  15. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 13 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.com • Chapter 13 Quiz • 1. Price-earnings ratio • 2. Return on assets • 3. Accounts receivable turnover ratio • 4. Earnings per share • 5. Payout ratio

  16. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 21 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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 ASSIST Successful Learning / acc556assist .com • ACC 556 Chapter 22 Quiz (100% Score) • FOR MORE CLASSES VISIT • www.acc556assist.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 ASSIST Successful Learning / acc556assist .com ACC 556 Crooked Scenario 2 Part 1 FOR MORE CLASSES VISIT www.acc556assist.com Shortly after you completed your work of unpacking all the players in the CrookEd Partners drama and identifying all potential fraudulent activity that had been relayed to you (Week One Scenario Assignment),

  19. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Final Part 1 (100% Correct Answers) • FOR MORE CLASSES VISIT • www.acc556assist.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 • Question 3

  20. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Final Part 1 and 2 • FOR MORE CLASSES VISIT • www.acc556assist.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 • Question 3

  21. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 556 Final Part 2 (100% Correct Answers) FOR MORE CLASSES VISIT www.acc556assist.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%.Sales                                                 $ 1,400,000

  22. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Midterm Part 1 (100% Correct Answers) • FOR MORE CLASSES VISIT • www.acc556assist.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. • · Question 3

  23. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Midterm Part 1 and 2 • FOR MORE CLASSES VISIT • www.acc556assist.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. • · Question 3

  24. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Midterm Part 2 (100% Correct Answers) • FOR MORE CLASSES VISIT • www.acc556assist.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

  25. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 1 Crooked Scenario 1 • FOR MORE CLASSES VISIT • www.acc556assist.com • ACC 556 Week 1 Crooked Scenario 1

  26. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 1 Sherlock Homes • FOR MORE CLASSES VISIT • www.acc556assist.com • ACC 556 Week 1 Sherlock Homes

  27. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 1 Short Answer Quiz • FOR MORE CLASSES VISIT • www.acc556assist.com • INDIVIDUAL ASSIGNMENT • Complete the Week 1 Short Answer Quiz. • Click the Assignment Files tab to submit your assignment as a Microsoft® Word document. • 1. What is the Association of Certified Fraud Examiners (ACEF) and what do they do? –

  28. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 WEEK 3 Assessing the Impact of Asset Misappropriation • FOR MORE CLASSES VISIT • www.acc556assist.com • INDIVIDUAL ASSIGNMENT • Write a 1,050 word paper on the impact of asset misappropriation on an organization of your choice. • Include the following as headings for your paper: • • What was the fraud?

  29. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 3 Crooked Scenario 3 • FOR MORE CLASSES VISIT • www.acc556assist.com • 1. Define and describe Theft Act Investigative Methods. • 2. What is a Vulnerability Chart and how, when and why is it used? • 3. Define Invigilation and discuss how, when and why it is used. • 4. Discuss the steps in obtaining electronic evidence.

  30. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 4 Impact of Corruption • FOR MORE CLASSES VISIT • www.acc556assist.com • Write a 1,250-1,400-word paper on the impact of corruption on an organization of your choice in APA format with in-text citations and references. • Include the following: • · Who committed this corruption? • · Why did they commit this corruption? • · How did they commit this corruption?

  31. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 5 Comparing the Impact • FOR MORE CLASSES VISIT • www.acc556assist.com • ACC 556 Week 5 Comparing the Impact

  32. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 5 Crooked Scenario 5 • FOR MORE CLASSES VISIT • www.acc556assist.com • ACC 556 Week 5 Crooked Scenario 5

  33. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 556 Week 5 Memorandum Proactive Method of Fraud Detection FOR MORE CLASSES VISIT www.acc556assist.com INDIVIDUAL ASSIGNMENT Write a 600-800 word memo to your accounting committee on fraud detection discussing the 6 steps of the Proactive Method of Fraud Detection found in figure 6.1 of Chapter 6. Include methods to gather information

  34. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 6 Assignment 1 Financial Analysis (4 Papers, Apple, Lowe's, Mc Donalds, Walmart) • FOR MORE CLASSES VISIT • www.acc556assist.com • 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

  35. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 556 Week 6 fraud symptoms and mitigation FOR MORE CLASSES VISIT www.acc556assist.com INDIVIDUAL ASSIGNMENT Prepare 7-10 Power Point slides discussing common business fraud symptoms and mitigation actions that can be taken to help deter and detect fraud. Choose some elements from Chapter 5: Recognizing the Symptoms of

  36. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 556 Week 6 Short Answer Quiz FOR MORE CLASSES VISIT www.acc556assist.com Complete the Week 6 Short Answer Quiz. Click the Assignment Files tab to submit your assignment as a Microsoft® Word Document. Copy and paste the questions onto a Word document. Write a brief response using the information found in

  37. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 556 Week 10 Assignment 2 Budget Planning and Control (3 Papers) • FOR MORE CLASSES VISIT • www.acc556assist.com • This Tutorial contains 3 Different Papers • Assignment 2: Budget Planning and Control • Due Week 10 and worth 160 points

  38. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 565 Final Exam Guide FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Final Exam Guide Question 1 Barbara sells a house with an FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of

  39. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 565 Midterm Exam Guide FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Midterm Exam Guide Question 1 Identify which of the following statements is false. Question 2 Which of the following transactions does nothave the potential of creating a constructive dividend?

  40. ACC 556 ASSIST Successful Learning / acc556assist .com • ACC 565 Week 2 Assignment 1 Client Letter (2 Papers) • FOR MORE CLASSES VISIT • www.acc565assist.com • This Tutorial contains 2 Different Papers • ACC 565 Assignment 1 Client Letter • Assignment 1: Client Letter

  41. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 565 Week 4 Assignment 2 Constructive Dividends, Redemptions, and Related Party Losses (2 Papers) FOR MORE CLASSES VISIT www.acc565assist.com This Tutorial contains 2 Different Papers This paper of ACC 565 Week 4 Assignment 2 Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is

  42. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 565 Week 7 Assignment 3 Reorganizations and Consolidated Tax contains (2 Papers) FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Week 7 Assignment 3 Reorganizations and Consolidated Tax contains Due Week 7 and worth 250 points Suppose you are a CPA, and you have a corporate client that has been operating for several years. The company

  43. ACC 556 ASSIST Successful Learning / acc556assist .com ACC 565 Week 10 Assignment 4 Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax FOR MORE CLASSES VISIT www.acc565assist.com ACC 565 Week 10 Assignment 4 Letter to Client TAX-PLANNING CLIENT LETTER ON IRREVOCABLE TRUSTS, GIFT TAX, AND ESTATE TAX Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his

  44. ACC 556 ASSIST Successful Learning / acc556assist .com

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