ACC 556 ASSIST The power of possibility/acc556assistdotcom

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ACC 556 ASSIST The power of possibility/acc556ass
istdotcom
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ACC 556 ASSIST The power of possibility

• 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)

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• ACC 556 Chapter 5 Quiz (100 Score)
• FOR MORE CLASSES VISIT
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•  
• 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 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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 promote operational
  efficiency.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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
• Question 3
• Unearned revenues are received before goods are
  delivered or services are rendered.

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ACC 556 ASSIST The power of possibility

• 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
• 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.

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ACC 556 ASSIST The power of possibility

• ACC 556 Chapter 13 Quiz (100 Score)
• FOR MORE CLASSES VISIT
• www.acc556assist.com
•  
• Chapter 13 Quiz1.    Price-earnings ratio2.  
   Return on assets3.    Accounts receivable
  turnover ratio4.    Earnings per share5.  
   Payout ratio6.    Current cash debt
  coverage7.    Current ratio8.    Debt to assets
  ratio9.    Free cash flow10.    Inventory
  turnover

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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

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ACC 556 ASSIST The power of possibility

• 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
• Budget reports provide the feedback needed by
  management to see whether actual operations are
  on course.

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ACC 556 ASSIST The power of possibility

• 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.

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ACC 556 ASSIST The power of possibility

• 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 trans
  action has occurred
• Question 2
• Expense recognition is tied to revenue recognition
  .

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ACC 556 ASSIST The power of possibility

• 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 trans
  action has occurred
• Question 2
• Expense recognition is tied to revenue recognition
  .

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ACC 556 ASSIST The power of possibility

• ACC 556 Midterm Part 2 (100 CorrectAnswers)
• FOR MORE CLASSES VISIT
• www.acc556assist.com
• ACC 556 - Midterm part 2Question 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 ASSIST The power of possibility

• ACC 556 Week 6 Assignment 1 Financial Analysis (4
  Papers, Apple, Lowe's, Mc Donalds, Walmart)
• FOR MORE CLASSES VISIT
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• ACC 556 Week 6 Assignment 1 Financial
  AnalysisAssignment 1 Financial Analysisworth
  160 pointsUse 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.

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ACC 556 ASSIST The power of possibility

• ACC 556 Week 10 Assignment 2 Budget Planning and
  Control (3 Papers)
• FOR MORE CLASSES VISIT
• www.acc556assist.com
• Assignment 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.

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ACC 556 ASSIST The power of possibility/acc556ass
istdotcom
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