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Acc 556 assist pride in excellence acc556assistdotcom

ACC 556 ASSIST Pride In Excellence/acc556assistdotcom


Acc 556 assist pride in excellence

ACC 556 ASSIST Pride In Excellence

ACC 556 All Chapter Quizzes

FOR MORE CLASSES VISIT

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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)ACC 556 Chapter 5 Quiz (100% Score)ACC 556 Chapter 6 Quiz (100% Score)


Acc 556 assist pride in excellence1

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 1 Quiz (100% Score)

FOR MORE CLASSES VISIT

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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.


Acc 556 assist pride in excellence2

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 2 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence3

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 3 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence4

ACC 556 ASSIST Pride In Excellence

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.


Acc 556 assist pride in excellence5

ACC 556 ASSIST Pride In Excellence

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.


Acc 556 assist pride in excellence6

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 4 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence7

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 5 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence8

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 6 Quiz (100% Score)

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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


Acc 556 assist pride in excellence9

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 7 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence10

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 8 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence11

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 9 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence12

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 10 Quiz (100% Score)

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Chapter 10 Quiz

Question 1

A current liability must be paid out of current earnings.

Question 2

Most notes are not interest bearing.


Acc 556 assist pride in excellence13

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 11 Quiz (100% Score)

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Chapter 11 Quiz

Question 1

A current liability must be paid out of current earnings.

Question 2

Most notes are not interest bearing


Acc 556 assist pride in excellence14

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 12 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence15

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 13 Quiz (100% Score)

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Chapter 13 Quiz

1.    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


Acc 556 assist pride in excellence16

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 21 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence17

ACC 556 ASSIST Pride In Excellence

ACC 556 Chapter 22 Quiz (100% Score)

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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.


Acc 556 assist pride in excellence18

ACC 556 ASSIST Pride In Excellence

ACC 556 Final Part 1 (100% Correct Answers)

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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


Acc 556 assist pride in excellence19

ACC 556 ASSIST Pride In Excellence

ACC 556 Final Part 1 and 2

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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


Acc 556 assist pride in excellence20

ACC 556 ASSIST Pride In Excellence

ACC 556 Final Part 2 (100% Correct Answers)

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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%.


Acc 556 assist pride in excellence21

ACC 556 ASSIST Pride In Excellence

ACC 556 Midterm Part 1 (100% Correct Answers)

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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 assist pride in excellence22

ACC 556 ASSIST Pride In Excellence

ACC 556 Midterm Part 1 and 2

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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 assist pride in excellence23

ACC 556 ASSIST Pride In Excellence

ACC 556 Midterm Part 2 (100% Correct Answers)

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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


Acc 556 assist pride in excellence24

ACC 556 ASSIST Pride In Excellence

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

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ACC 556 Week 6 Assignment 1 Financial Analysis

Assignment 1: Financial Analysis

worth 160 points


Acc 556 assist pride in excellence25

ACC 556 ASSIST Pride In Excellence

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

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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.


Acc 556 assist pride in excellence26

ACC 556 ASSIST Pride In Excellence


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