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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 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 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.
• Question 3

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• 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.
•  Question 3

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• 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.

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• 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.
• Question 2
•  

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• 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

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• 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

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• 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.

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• 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.
• Question 2

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• 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.
• Question 3
• Unearned revenues are received before goods are
  delivered

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• 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

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• 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.
• Question 2

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• ACC 556 Chapter 13 Quiz (100 Score)
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• Chapter 13 Quiz
• 1. Price-earnings ratio
• 2. Return on assets
• 3. Accounts receivable turnover ratio
• 4. Earnings per share
• 5. Payout ratio

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• 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.

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• 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.

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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),
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• ACC 556 Final Part 1 (100 Correct Answers)
• FOR MORE CLASSES VISIT
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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
• Question 3

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• ACC 556 Final Part 1 and 2
• FOR MORE CLASSES VISIT
• www.acc556assist.com
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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
• Question 3

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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
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• 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

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• ACC 556 Midterm Part 1 and 2
• FOR MORE CLASSES VISIT
• www.acc556assist.com
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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.
• Question 3

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• ACC 556 Midterm Part 2 (100 Correct Answers)
• FOR MORE CLASSES VISIT
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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

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• ACC 556 Week 1 Crooked Scenario 1
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• ACC 556 Week 1 Crooked Scenario 1

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• ACC 556 Week 1 Sherlock Homes
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• ACC 556 Week 1 Sherlock Homes

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• 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?

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• ACC 556 WEEK 3 Assessing the Impact of Asset
  Misappropriation
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• 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?

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• ACC 556 Week 3 Crooked Scenario 3
• FOR MORE CLASSES VISIT
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•  
• 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.

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• ACC 556 Week 4 Impact of Corruption
• FOR MORE CLASSES VISIT
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• 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?

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• ACC 556 Week 5 Comparing the Impact
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• ACC 556 Week 5 Comparing the Impact

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• ACC 556 Week 5 Crooked Scenario 5
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• ACC 556 Week 5 Crooked Scenario 5

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

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ACC 556 Week 6 fraud symptoms and mitigation FOR
MORE CLASSES VISIT www.acc556assist.com   INDIVID
UAL 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
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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
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• ACC 556 Week 10 Assignment 2 Budget Planning and
  Control (3 Papers)
• FOR MORE CLASSES VISIT
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•  
• This Tutorial contains 3 Different Papers
•  
• Assignment 2 Budget Planning and Control
•  
• Due Week 10 and worth 160 points

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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
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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?
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• ACC 565 Week 2 Assignment 1 Client Letter (2
  Papers)
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• This Tutorial contains 2 Different Papers
• ACC 565 Assignment 1 Client Letter
• Assignment 1 Client Letter

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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
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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
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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
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