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FOR MORE CLASSES VISIT www.acc556outlet.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) – PowerPoint PPT presentation

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Title: ACC 556 OUTLET STR Education Counseling -- acc556outlet.com


1
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
2
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 All Chapter Quizzes FOR MORE CLASSES
VISIT www.acc556outlet.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)
3
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 1 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com   Chapter 1
Quiz Question 1 A business organized as a
separate legal entity owned by stockholders is a
partnership. Question 2
4
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 2 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com   Chapter 2
Quiz Question 1   Cash and supplies are both
classified as current assets. Question 2  
5
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 3 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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.
6
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 4 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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.
7
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 5 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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.
8
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 6 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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.
9
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 7 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 8 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 9 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 10 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com   Chapter 10
Quiz Question 1 A current liability must be paid
out of current earnings. Question 2
13
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 11 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 12 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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.
15
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 13 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com   Chapter 13
Quiz 1.    Price-earnings ratio2.    Return on
assets3.    Accounts receivable turnover ratio
16
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 21 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.com   Chapter 21
Quiz Question 1   A benefit of budgeting is that
it provides definite objectives for evaluating
performance.
17
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Chapter 22 Quiz (100 Score) FOR MORE
CLASSES VISIT www.acc556outlet.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 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Final Part 1 (100 Correct Answers) FOR
MORE CLASSES VISIT www.acc556outlet.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
19
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Final Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556outlet.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
20
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Final Part 2 (100 Correct Answers) FOR
MORE CLASSES VISIT www.acc556outlet.com   Final 
Part 2 Question 1 A manager of a cost center is
evaluated mainly on Question 2
21
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Midterm Part 1 (100 Correct Answers) FOR
MORE CLASSES VISIT www.acc556outlet.com   ACC 556 
- Midterm part 1   Question 1 Source documents c
an provide evidence that a transaction has occurre
d   Question 2 Expense recognition is tied to re
venue recognition.
22
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES
VISIT www.acc556outlet.com ACC 556 - Midterm part 
1   Question 1 Source documents can provide evid
ence that a transaction has occurred  
Question 2 Expense recognition is tied to revenue 
recognition.
23
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Midterm Part 2 (100 Correct Answers) FOR
MORE CLASSES VISIT www.acc556outlet.com   ACC 556
- Midterm part 2 Question 1?Which of these
would cause the inventory turnover ratio to
increase the most?Question 2?
24
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Week 6 Assignment 1 Financial Analysis (4
Papers, Apple, Lowe's, Mc Donalds, Walmart) FOR
MORE CLASSES VISIT www.acc556outlet.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
25
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
ACC 556 Week 10 Assignment 2 Budget Planning and
Control (3 Papers) FOR MORE CLASSES
VISIT www.acc556outlet.com   This Tutorial
contains 3 Different Papers 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
26
ACC 556 OUTLET STR Education Counseling --
acc556outlet.com
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