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ACC 497 Entire Course (With New Final Guide) FOR
MORE CLASSES VISIT www.acc497genius.com This
Tutorial contains knowledge Check as well (Please
check Questions) ACC 497 Final Exam Guide (New,
2017) ACC 497 Week 1 Knowledge Check ACC 497 Week
2 Team Accounting for Employee Stock Options ACC
497 Week 2 Accounting Ethics ACC 497 Week 2
Knowledge Check ACC 497 Week 3 Team Assignment
Interest Cost ACC 497 Week 3 Accounting for
Investments ACC 497 Week 3 Knowledge Check ACC
497 Week 4 Team Goodwill ACC 497 Week 4 Income
Tax Implication of Capital Investment Decisions
ACC 497 Week 4 knowledge Check ACC 497 Week 5
Signature Assignment FARS Case ACC 497 Week 5
Knowledge Check ACC 497 Individual Assignment
FASB Codification System Orientation Paper ACC
497 Week 1
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ACC 497 Final Exam Guide (New, 2017) FOR MORE
CLASSES VISIT www.acc497genius.com An unmodified
audit opinion rendered on a governmental unit's
basic financial statements means those
statements Have been certified as free from
error. Present the entity's financial position
fairly in conformity with GAAP. Did not require
modifications by the auditor. All of the above. 2
Melinda invests 200,000 in a City of Heflin bond
that pays 6 percent interest. Alternatively,
Melinda could have invested the 200,000 in a
bond recently issued by Surething Inc., that pays
8 percent interest with similar risk and other
nontax characteristics to the City of Heflin
bond. Assume Melindas marginal tax rate is 25
percent. (Leave no cells blank - be sure to enter
"0" wherever required.) a. What is her after-tax
rate of return for the City of Heflin bond? 3.
One of the primary purposes of the Single Audit
Act of 1984 (amended in 1996) is to Promote the
efficient and effective use of audit resources.
Make audit activity legal at the federal level.
Allow federal auditors greater access to
government entities receiving federal funds.
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ACC 497 Week 1 Case Study Cash Basis or Accrual
Basis? (2 Sets) FOR MORE CLASSES VISIT
www.acc497genius.com This Tutorial contains 2
different Papers  Resources Brain Teaser 4 Cash
Basis or Accrual Basis? in Ch. 4 of Mastery of
the Financial Accounting Research System (FARS)
Through Cases Write a 350- to 700-word response
to the questions that follow the case
study. Note. Although Brain Teaser 4 references
the Financial Accounting Research System, refer
to the Financial Accounting Standards Board when
answering the questions
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ACC 497 Week 1 DQ 1 FOR MORE CLASSES VISIT
www.acc497genius.com What is the FASB
Codification System? What is the purpose of the
FASB Codification System? How can it be used to
make better accounting decisions?
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ACC 497 Week 1 DQ 2 FOR MORE CLASSES VISIT
www.acc497genius.com What are Generally Accepted
Accounting Principles (GAAP)? How do GAAP affect
financial reporting? How might GAAP need to
change to accommodate todays dynamic business
environment?
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ACC 497 Week 1 FASB Codification System (2
Papers) FOR MORE CLASSES VISIT www.acc497genius.c
om ?ACC 497 Week 1 FASB Codification System
Access the FASB Online website and familiarize
yourself with the contents. Write a 350- to
700-word paper in which you answer the following
questions ?What is the FASB Codification
System? ?What is the purpose of the FASB
Codification System? What are the nine content
areas located in the FASB Codification System?
What types of items are located under each
content area? Format your paper consistent with
APA guidelines. Click the Assignment Files tab to
submit your assignment.
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ACC 497 Week 1 Individual Assignment FASB
Codification System Orientation Paper FOR MORE
CLASSES VISIT www.acc497genius.com Resources FAS
B Codification System website accessible through
the FASB Online link located on your student
website Access the FASB Online website and
familiarize yourself with the contents. Write a
350-word paper in which you answer the following
questions   What is the FASB Codification
System?   What is the purpose of the FASB
Codification System?   What are the nine
content areas located in the FASB Codification
System? What types of items are located under
each content area? Format your paper consistent
with APA guidelines.
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ACC 497 Week 1 Knowledge Check FOR MORE CLASSES
VISIT www.acc497genius.com Refer to the
following selected financial information from
McCormik, LLC. Compute the company's working
capital for Year 2. 257,000. 178,000. 270,500.
142,500. 166,500. 2. If cash flow prediction is
a company's primary reporting objective, this
would likely result in Fewer accruals and
deferrals. Lower earnings. Higher earnings. Poor
matching. 3. Refer to the following selected
financial information from McCormik, LLC. Compute
the company's inventory turnover for Year 2.
5.80. 3.09. 3.19. 3.14. 3.54. Year 2 392,000 /
(123,000 127,000) / 2 3.14 4. Selected
current year company information follows The
total asset turnover is (Do not round
intermediate calculations.)
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ACC 497 Week 2 Accounting Ethics FOR MORE
CLASSES VISIT www.acc497genius.com Review the
following case study When the FASB issues new
standards, the implementation date is often 12
months from date of issuance, and early
implementation is encouraged. Becky Hoger,
controller, discusses with her financial vice
president the need for early implementation of a
standard that would result in a fairer
presentation of the company's financial condition
and earnings. When the financial vice president
determines that early implementation of the
standard will adversely affect the reported net
income for the year, he discourages Hoger from
implementing the standard until it is required.
Write a response of no more than 1,050 words in
which you answer the following requirements
Determine an ethical issue that is involved in
this case if any. Identify if the financial
vice president acting improperly or immorally?
Explain what Hoger have to gain by advocacy of
early implementation? Identify who might be
affected by the decision against early
implementation? Click the Assignment Files tab to
submit your assignment.
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ACC 497 Week 2 Discussion (LIFO) FOR MORE CLASSES
VISIT www.acc497genius.com ?ACC 497 Week 2
Discussion Discuss the following Client X
contacted you for clarification and
recommendations on how the use of the LIFO method
to value its inventories will be impacted if a
switch to financial statements prepared in
compliance with IFRS will be made.
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ACC 497 Week 2 DQ 1 FOR MORE CLASSES VISIT
www.acc497genius.com What are at least three
International Accounting Standards? Are these
standards the same as U.S. standards? Explain
your response. Is it necessary to have global
standards? Explain your response.
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ACC 497 Week 2 DQ 2 FOR MORE CLASSES VISIT
www.acc497genius.com What are some nonfinancial
performance measures? What do they tell us about
the performance of an organization? Why is it
important for managers to include nonfinancial
performance standards in their analysis of their
operations?
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ACC 497 Week 2 Individual Assignment Financial
Statements Paper Part I (2 Papers) FOR MORE
CLASSES VISIT www.acc497genius.com This Tutorial
contains 2 different Papers  Resources Appendix
A The Home Depot, Inc. Annual Report
in Fundamentals of Financial Accounting Write a
1,050- to 1,750-word paper in which you answer
the following questions          What does the
Consolidated Statements of Earningsthe income
statementtell you about the company? Why is this
statement important? What business decisions
could be made using the income statement?        
  What does the balance sheet tell you about the
company? Why is the balance sheet important? What
business decisions could be made using the
balance sheet?          What does the statement
of cash flows tell you about the company? What
business decisions could be made using the
statement of cash flows?
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ACC 497 Week 2 Knowledge Check FOR MORE CLASSES
VISIT www.acc497genius.com Via Gelato is a
popular neighborhood gelato shop. The company has
provided the following data concerning its
operations While gelato is sold by the cone or
cup, the shop measures its activity in terms of
the total number of liters of gelato sold. For
example, wages should be 5,900 plus 1.70 per
liter of gelato sold and the actual wages for
June were 15,900. Via Gelato expected to sell
6,000 liters in June, but actually sold 6,200
liters. Required Complete the report showing Via
Gelato revenue and spending variances for June 2.
Heritage Watercraft makes reproductions of
classic wooden boats. The bottleneck in the
production process is fitting wooden planks to
build up the curved sections of the hull. This
process requires the attention of the shops most
experienced craftsman. A total of 3,400 hours is
available per year in this bottleneck operation.
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ACC 497 Week 2 Team Accounting for Employee
Stock Options FOR MORE CLASSES VISIT
www.acc497genius.com Discuss with your team the
following case study Client X offers a generous
employee compensation package that includes
employee stock options. The exercise price has
always been equal to the market price of the
stock at the date of grant. The corporate
controller, John Jones, believes that employee
stock options, like all obligations to issue the
corporation's own stock, are equity. The new
staff accountant, Marcy Means, disagrees. Marcy
argues that when a company issues stock for less
than current value, the value of preexisting
stockholders' shares is diluted. Write a team
consensus response of no more than 700 words in
which you answer the following requirements 1.
Describe how Client X should account for its
employee stock
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ACC 497 Week 2 Team Assignment Case Study
Assignment (2 Papers) FOR MORE CLASSES VISIT
www.acc497genius.com This Tutorial contains 2
different Papers  Resources Ch. 1 2
of Financial Accounting Theory and Analysis Text
and Cases Write a 350-word response for each of
the following cases answering the questions
located at the end of each case. Case 1-3
Politicalization of Accounting Standards in Ch.
1 Case 1-4 Generally Accepted Accounting
Principles in Ch. 1 Case 2-2 The Theoretical
Foundation of Accounting Principles in Ch. 2
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ACC 497 Week 2 Textbook Cases Case 1-1, Case 1-3,
Case 2-2 (New Syllabus) FOR MORE CLASSES VISIT
www.acc497genius.com ?ACC 497 Week 2 Textbook
Cases Write a 350- to 700-word response for each
of the following cases answering the questions
located at the end of each case. ?Case 1-1
Generally Accepted Accounting Principles on page
28) ?Case 1-3 Politicization of Accounting
Standards (page 28) Case 2-2 The Theoretical
Foundation of Accounting Principles (page 75)
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your
assignment.
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ACC 497 Week 3 Accounting for Investments FOR
MORE CLASSES VISIT www.acc497genius.com Review
the following case study FASB ASC 320 requires
companies to assign their portfolio of investment
securities into Trading securities.
Securities available for sale. Held-to-maturity
securities. Write a response of no more than
1,500 words in which you answer the following
Define each of these categories of securities and
discuss the accounting treatment for each
category. Discuss how companies are required to
assign each category of securities into its
current and noncurrent portions. Discuss the
arguments for each position. Some individuals
maintain that the only proper accounting
treatment for all marketable securities is
current value. Others maintain that this
treatment might allow companies to "manage
earnings". Click the Assignment Files tab to
submit your assignment.
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ACC 497 Week 3 DQ 1 FOR MORE CLASSES VISIT
www.acc497genius.com What is tax research? What
is the purpose of conducting tax research? Are
results of tax research conclusive? Explain your
response.
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ACC 497 Week 3 DQ 2 FOR MORE CLASSES VISIT
www.acc497genius.com What is the purpose of tax
planning? How do we conduct tax planning? How
could tax planning lead to unethical behavior?
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ACC 497 Week 3 Individual Assignment Financial
Statements Paper Part II (2 Papers) FOR MORE
CLASSES VISIT www.acc497genius.com This Tutorial
contains 2 different Papers   Resources Appendix
A, The Home Depot, Inc. Annual Report
in Fundamentals of Financial Accounting Write a
1,050- to 1,750-word paper in which you address
the following          Does managements
assessment of the financial condition agree with
your assessment from the Financial Statements
Paper Part I? Explain your response. Support your
answer using trend analysis, vertical analysis,
or ratio analysis.          In the Annual
Report, there are several concerns from
management. Discuss these concerns, and identify
other weaknesses not discussed by management.
Then, recommend a course of action addressing
these concerns. Format your paper consistent with
APA guidelines.
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ACC 497 Week 3 Individual Assignment From the
Readings Exercise 17(E1-17) FOR MORE CLASSES
VISIT www.acc497genius.com Resources Ch. 1
of Managerial Accounting Tools for Business
Decision Making Prepare a written response to the
following exercise Exercise 17 (E1-17) at the
end of Ch. 1
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ACC 497 Week 3 Knowledge Check FOR MORE CLASSES
VISIT www.acc497genius.com The estate of Monique
Chablis earned 450 of income this year. Is the
estate required to file an income tax return? 2.
Congress would like to increase tax revenues by 5
percent. Assume that the average taxpayer in the
United States earns 40,000 and pays an average
tax rate of 20 percent. a. If the income effect
is in effect for all taxpayers, what average tax
rate will result in a 5 percent increase in tax
revenues? (Round your answer to 2 decimal
places.) b. This is an example of what type of
forecasting? 3. Molto Stancha Corporation had
zero earnings this fiscal year in fact, they
lost money. Must they file a tax return? 4. Scot
and Vidia, married taxpayers, earn 187,500 in
taxable income and 5,000 in interest from an
investment in City of Tampa bonds. (Use the U.S.
tax rate schedule for married filing jointly).
(Do not round intermediate calculations. Round
your answer to 2 decimal places.)
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ACC 497 Week 3 Learning Team Assignment From the
Reading (2 Sets) FOR MORE CLASSES VISIT
www.acc497genius.com This tutorial contains 2
Sets of response  Resources Ch. 1 of Managerial
Accounting Tools for Business Decision
Making Write responses to the following
assignment Broadening Your Perspective,
Managerial Analysis (BYP1-2) at the end of Ch. 1
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ACC 497 Week 3 Learning Team Case Study
Assignment (2 Papers) FOR MORE CLASSES VISIT
www.acc497genius.com This Tutorial contains 2
different Papers  Resources Case 3-5
International versus U.S. Standards in Ch. 3
of Financial Accounting Theory and Analysis Text
and Cases Write a 350- to 700-word response to
the questions located at the end of the case
study.
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ACC 497 Week 3 Learning Team Discussion
(Interest Cost on Construction) FOR MORE CLASSES
VISIT www.acc497genius.com ?ACC 497 Week 3
Learning Team Discussion Discuss the following as
a team Client X contacted you for clarification
and recommendations regarding whether interest
cost on construction of a new warehouse may be
included in the cost of the new warehouse. Write
a 350 word summary of the discussion.
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ACC 497 Week 3 Team Assignment Interest Cost FOR
MORE CLASSES VISIT www.acc497genius.com Discuss
with your team the following case study Client X
contacted you for clarification and
recommendations regarding whether the interest
cost on construction of a new warehouse may be
included in the cost of the new warehouse. Write
a team consensus response of no more than 700
words to include the following Provide
rational and clarifications of the proper
treatment of interest cost under the rules of
GAAP. Explain the impact of this interest cost
on o Financial statements. o Income statement. o
Balance sheet. o Statement of owners' equity.
Click the Assignment Files tab to submit your
assignment.
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ACC 497 Week 3 Textbook Problems (New
Syllabus) FOR MORE CLASSES VISIT
www.acc497genius.com ACC 497 Week 3 Textbook
Problems Complete Problem Assignments 1-15. Click
the Assignment Files tab to submit your
assignment What are consumption taxes?
Differentiate horizontal from vertical equity.
When was the constitutional amendment permitting
an income tax ratified? What is a sin tax? What
are three objectives of income taxation? What are
the three taxable persons that pay all of the
income taxes? What is the difference between
gross revenue and gross income for a business?
What are at least three unique features of the
individual tax model when compared to the
corporate tax model? What are three similarities
between these models? What is the purpose of
adjusted gross income for an individual?
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ACC 497 Week 4 DQ 1 FOR MORE CLASSES VISIT
www.acc497genius.com What are the risks and
liability factors in an audit? What are the
implications to the auditor? What are the
implications to the organization? How can the
auditor mitigate these risks and liability
factors?
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ACC 497 Week 4 DQ 2 FOR MORE CLASSES VISIT
www.acc497genius.com What is the Sarbanes-Oxley
Act? How does act affect the audits for the
accounting firm and for the organization? Has the
Sarbanes-Oxley Act improved the quality of the
audit? Explain your response.
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ACC 497 Week 4 Income Tax Implication of Capital
Investment Decisions FOR MORE CLASSES VISIT
www.acc497genius.com Read the following case
study The Whitley Corporation's year-end is
December 31. It is now October 1, 2013. The
Whitley management team is taking a look at the
prior nine months and attempting to make some
short-term strategy decisions. Whitley has
experienced steady growth over the five preceding
years. The result has been a steadily increasing
EPS. Last year, Whitley reported an EPS of 1.95.
This year, owing to a mild recession, Whitley's
sales have fallen off. Management is looking for
strategies that can improve the appearance of the
financial statements. At the same time, there is
a need for new equipment in the plant. Despite
the recession, Whitley has enough cash to make
the purchase. Based on the year's performance to
date and extrapolation of the results to
year-end, management feels that the pretax
financial accounting income for the year will be
200,000. Transactions from prior years have
resulted in a deferred tax asset of 15,000
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ACC 497 Week 4 Individual Assignment From the
Reading FOR MORE CLASSES VISIT www.acc497genius.c
om Resources Ch. 1 of Prentice Halls Federal
Taxation 2011 Individuals Respond to the
following problems by conducting tax research and
including tax-planning advice  I1-48 Tax
Strategy Problem I1-49 Case Study Problem
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ACC 497 Week 4 International Versus U.S.
Standards FOR MORE CLASSES VISIT
www.acc497genius.com ?ACC 497 Week 4
International Versus U.S. Standards Write a 700-
to 1,050-word response to the questions located
at the end of the following case Case 3-5
International versus U.S. Standards (page 114)
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your
assignment.
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ACC 497 Week 4 knowledge Check FOR MORE CLASSES
VISIT www.acc497genius.com A public entity
changed from the straight-line method to the
declining balance method of depreciation for all
newly acquired assets. This change has no
material effect on the current years financial
statements but is reasonably certain to have a
substantial effect in later years. The clients
financial statements contain no material
misstatements and the auditor concurs with this
change. If the change is disclosed in the notes
to the financial statements, the auditor should
issue a report with a(n) unqualified opinion.
except for qualified opinion. explanatory
paragraph. consistency modification. 2. The
single audit requirement applies to All audits
of state and local government reporting entities.
Most audits of state and local governments
expending federal grant funds. Financial audits
of all not-for-profit entities. Only those
governments and not-for-profit entities that are
audited by a federal audit agency. 3. For each of
the following independent situations, indicate
the reason for and the type of financial
statement audit report that you would issue.
Assume that all companies mentioned are private
companies and that each item is at least
material.
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ACC 497 Week 4 Learning Team Assignment From the
Reading FOR MORE CLASSES VISIT www.acc497genius.c
om Resources Ch. 15 of Prentice Halls Federal
Taxation2011 Individuals Conduct tax research
and formulate tax-planning advice in your
response to the following problems I15-61 Tax
Strategy Problem I15-62 Case Study Problem
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ACC 497 Week 4 Learning Team Discussion (300
Words) FOR MORE CLASSES VISIT www.acc497genius.co
m ?ACC 497 Week 4 Learning Team Discussion
Discuss the following as a team Client X
contacted you for clarification and
recommendations regarding in what instances
should goodwill be adjusted for impairment? Write
a 350 word summary of the discussion.
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ACC 497 Week 4 Team Goodwill FOR MORE CLASSES
VISIT www.acc497genius.com Discuss with your
team the following case study Client X contacted
you for clarification and recommendations
regarding the instances when goodwill should be
adjusted for impairment. Write a team consensus
response of no more than 700 words to include the
following Provide detailed rational of why
goodwill must be adjusted for impairment. List
the tests for impairment. Explain the meaning
of a non cash impairment charge. Click the
Assignment Files tab to submit your assignment.
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ACC 497 Week 5 DQ 1 FOR MORE CLASSES VISIT
www.acc497genius.com What are the differences in
reporting guidance in a for-profit and
not-for-profit organization? What are the
similarities in reporting guidance in a
for-profit and not-for-profit organization? How
do these differences and similarities affect the
comparability of financial reports? Should these
reports be comparable? Explain your response.
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ACC 497 Week 5 DQ 2 FOR MORE CLASSES VISIT
www.acc497genius.com What are the differences in
financial reporting in a for-profit and
government organization? What are the
similarities in financial reporting in a
for-profit and government organization? How do
these differences and similarities affect the
comparability of financial reports? Should these
reports be comparable? Explain your response.
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ACC 497 Week 5 FARS Case (2 Papers) FOR MORE
CLASSES VISIT www.acc497genius.com ?ACC 497 Week
5 FARS Case Write a 1,050- to 1,400-word response
in which you address the following questions from
Case 3, Charitable Contributions and Debt A
Comparison of St. Jude Childrens Research
Hospital/ALSAC and Universal Health Services
?Questions from Requirement A ?Questions from
Requirement B How would your answers to
Requirements A and B differ if the government
owned and operated the hospital? Click the
Assignment Files tab to submit your assignment.
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ACC 497 Week 5 Individual Assignment from the
Text FOR MORE CLASSES VISIT www.acc497genius.com
Resources Ch. 4 5 of Modern Auditing Write answ
ers to the following problems Learning Check
415 417 in Ch. 4 Comprehensive Questions 534
535 in Ch. 5
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