ACC 490 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-490-Final-Exam-2-163.htm 1. An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity’s operating activities in relation to specified objectives is a(n): 2. When providing audit services‚ the CPA is expected to be: 3. Which one of the following services is often performed on public companies’ interim financial statements and nonpublic
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ACC 491 Final Exam Copy this link to your browser and download: http://www.finalexamguide.com/ACC-491-Final-Exam-270.htm 1) If reported sales for 2010 erroneously include sales that occur in 2011‚ the assertion violated on the 2010 statements would be 2) The rights and obligations assertion applies to 3) Which of the following assertions is NOT made by management in placing an item in the financial statements? 4) Section 11 of the Securities Act of 1933 uses the term material fact
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This document of ACC 490 Final Exam shows the solutions to the following problems: 1. Within the generally accepted auditing standards‚ the general standards relate primarily to 2. The essence of the due care? standards is that the auditor should not be quilty of 3) Gross negligence can best be defined as 4) Section 18 liability is relatively narrow in scope because it relates only to a false or misleading statement in documents "filed" with the 5) For a particular assertion
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ACC 423 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-423-Final-Exam-WileyPlus-3-191.htm Question 1 Buttercup Corporation issued 330 shares of $10 par value common stock for $4‚950. Prepare Buttercup journal entry.( List multiple debit credit from largest to smallest amount e.g. 10‚5‚2) Question 2 Wilco Corporation has the following account balances at December 31‚ 2012 Common Stock $5 par value
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ACC 291 Final Exam Copy this link to your browser to download: http://www.finalexamguide.com/ACC-291-Final-Exam-1-3.htm 1. On January 1‚ a machine with a useful life of five years and a residual value of $40‚000 was purchased for $120‚000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? 2. As a recent graduate of State University you ’re aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly
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ACC 561 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-561-Final-Exam-5-90.htm 1). _____ refers to accounting information developed for managers within an organization. A. Internal auditing B. Managerial accounting C. Financial accounting D. Tax accounting 2). Ethical accountants are important to society because _____. A. they pay their taxes B. the information produced is reliable C. they will not go
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ACC 434 final exams http://www.finalexamguideline.com/main.sc 1. (TCO 1) A significant limitation of activity-based costing is the (Points: 5) A). attention given to indirect cost allocation. B). many necessary calculations. C). operations staff ’s attitude toward the accounting staff. D). use it makes of technology. 2. (TCO 1) Ireland Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180‚000. The budgeted number of nozzles
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ACC 491 FINAL EXAM 1)If reported sales for 2010 erroneously include sales that occur in 2011‚ the assertion violated on the 2010 statements would be 2)The rights and obligations assertion applies to 3)Which of the following assertions is NOT made by management in placing an item in the financial statements 4)Section 11 of the Securities Act of 1933 uses the term material fact to limit the amount of information required. Under the Act‚ the standard used to determine an items materiality 5)Individuals
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ACC 460 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-460-Final-Exam-198.htm 1) Determining whether amounts are in conformity with generally accepted accounting principles addresses the proper measurement of assets‚ liabilities‚ revenues‚ and expenses‚ which includes all of the following EXCEPT the A. consistency in applying accounting principles. B. reasonableness of management’s accounting estimates. C. proper application of valuation principles
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ACC 497 Final Exam Copy this link to your browser and download http://www.finalexamguide.com/ACC-497-Final-Exam-336.htm 1) The uniform law‚ issued in 1984 by the Committee on Corporate Laws of the American Bar Association‚ that regulates the formation‚ operation‚ and termination of corporations is 2) Which of the following statements is true? 3) Which of the following statements is true? 4) What effect would a decrease in interest rates by the Federal Reserve most likely have
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