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Package deal for ACC 480 Exam Questions with 100% Correct Answers | Verified
[Mostrar más]Package deal for ACC 480 Exam Questions with 100% Correct Answers | Verified
[Mostrar más]ACC 480 Chapter 1 Exam Questions With 
100% Correct Answers. 
Auditing focuses on rules, techniques, and computations required to prepare and analyze 
financial information. - answerFalse 
Decision makers demand reliable information that is provided by accountants. - answerTrue 
Information asymmetr...
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Añadir al carritoACC 480 Chapter 1 Exam Questions With 
100% Correct Answers. 
Auditing focuses on rules, techniques, and computations required to prepare and analyze 
financial information. - answerFalse 
Decision makers demand reliable information that is provided by accountants. - answerTrue 
Information asymmetr...
ACC 480 Ch 14 Study Guide Exam 
Questions And Answers 100% Verified 
A unilateral mistake does not generally afford the mistaken party a right to relief from the 
contract. - answerT 
If both parties are mistaken as to the same material fact, neither party can rescind the contract. - 
answerF 
To co...
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Añadir al carritoACC 480 Ch 14 Study Guide Exam 
Questions And Answers 100% Verified 
A unilateral mistake does not generally afford the mistaken party a right to relief from the 
contract. - answerT 
If both parties are mistaken as to the same material fact, neither party can rescind the contract. - 
answerF 
To co...
ACC 480 Chap 5 Slides Exam 2024 
Trace Procedure 
Source Documents --> Journals --> Ledgers 
Vouch Procedure 
Ledgers --> Journals --> Source Documents 
Matching the prices used by the entity's billing program for sales invoices to the 
entity's approved price list? 
Accuracy 
Examinin...
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Añadir al carritoACC 480 Chap 5 Slides Exam 2024 
Trace Procedure 
Source Documents --> Journals --> Ledgers 
Vouch Procedure 
Ledgers --> Journals --> Source Documents 
Matching the prices used by the entity's billing program for sales invoices to the 
entity's approved price list? 
Accuracy 
Examinin...
ACC 480 Exam 1 Review Questions And 
Answers 100% Verified 
Independent auditing can best be described as 
a. A branch of accounting. 
b. A discipline that provides assurance regarding the results of accounting and other functional 
operations and data. 
c. A professional activity that measures and ...
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Añadir al carritoACC 480 Exam 1 Review Questions And 
Answers 100% Verified 
Independent auditing can best be described as 
a. A branch of accounting. 
b. A discipline that provides assurance regarding the results of accounting and other functional 
operations and data. 
c. A professional activity that measures and ...
ACC 480 Exam 4 practice Questions And 
Answers 100% Verified 
A merger between Blended Coffee Corporation and Cowland Creamery Inc. can be expressed as 
Blended Coffee + Cowland Creamery = - answerCowland Creamery. 
Ground-Up Construction Corporation (CCC) has a right of action against Heavyquip, In...
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Añadir al carritoACC 480 Exam 4 practice Questions And 
Answers 100% Verified 
A merger between Blended Coffee Corporation and Cowland Creamery Inc. can be expressed as 
Blended Coffee + Cowland Creamery = - answerCowland Creamery. 
Ground-Up Construction Corporation (CCC) has a right of action against Heavyquip, In...
ACC 480 Exam 2 practice Questions And 
Answers 100% Verified 
Duffy and Elbert agree to hijack a truck carrying a load of almonds. Duffy later refuses to go 
through with the crime. Elbert can - answernot enforce the agreement or recover damages. 
Ira orally agrees to buy a unique collection of spor...
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Añadir al carritoACC 480 Exam 2 practice Questions And 
Answers 100% Verified 
Duffy and Elbert agree to hijack a truck carrying a load of almonds. Duffy later refuses to go 
through with the crime. Elbert can - answernot enforce the agreement or recover damages. 
Ira orally agrees to buy a unique collection of spor...
ACC 480 Exam 3 practice Questions And 
Answers 100% Verified 
Jody owns KuppaJava Kiosks, a sole proprietorship. Jody's liability is - answerunlimited. 
FreezE Yogurt Corporation provides its prospective franchisees with projected earnings figures 
based on actual data. FreezE Yogurt must also disc...
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Añadir al carritoACC 480 Exam 3 practice Questions And 
Answers 100% Verified 
Jody owns KuppaJava Kiosks, a sole proprietorship. Jody's liability is - answerunlimited. 
FreezE Yogurt Corporation provides its prospective franchisees with projected earnings figures 
based on actual data. FreezE Yogurt must also disc...
ACC 480 Exam 2 Questions And Answers 
100% Verified 
Damages are the ________ of remedies - answerbasic 
Damages usually consist of ______________ - answermoney 
Rescission and Restitution usually...... - answerrestore the contract back before it it ever 
happened 
What type of damage..... 
You have...
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Añadir al carritoACC 480 Exam 2 Questions And Answers 
100% Verified 
Damages are the ________ of remedies - answerbasic 
Damages usually consist of ______________ - answermoney 
Rescission and Restitution usually...... - answerrestore the contract back before it it ever 
happened 
What type of damage..... 
You have...
ACC 480 Exam 2 Questions And Answers 
100% Verified 
Nina pays Omega Sales Corporation $1,500 for an LCD HD-TV. Under the UCC, this is 
a. a bailment 
b. a consignment 
c. a lease 
d. a sale - answerA sale 
Super Electronics, Inc., sells computers, and some computer accessories, to persons who order...
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Añadir al carritoACC 480 Exam 2 Questions And Answers 
100% Verified 
Nina pays Omega Sales Corporation $1,500 for an LCD HD-TV. Under the UCC, this is 
a. a bailment 
b. a consignment 
c. a lease 
d. a sale - answerA sale 
Super Electronics, Inc., sells computers, and some computer accessories, to persons who order...
ACC 480 Exam Questions And Answers 
100% Verified 
Which of the following is a change that affects the comparability and consistency of the financial 
statements? 
Correction of a material misstatement in previously issued financial statements. 
Reducing the expected service life of a truck from 7 t...
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Añadir al carritoACC 480 Exam Questions And Answers 
100% Verified 
Which of the following is a change that affects the comparability and consistency of the financial 
statements? 
Correction of a material misstatement in previously issued financial statements. 
Reducing the expected service life of a truck from 7 t...
ACC 480 Chapter 15 Exam Questions With 
100% Correct Answers. 
C 
Fact Pattern 15-B1 (Questions B1-B2 apply) 
Digital Storage, Inc., offers to sell provide cloud-computing services to Entrepreneur 
Enterprises, Inc., but mistakenly transposes some of the digits in the price so that 
$15,400 appears ...
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Añadir al carritoACC 480 Chapter 15 Exam Questions With 
100% Correct Answers. 
C 
Fact Pattern 15-B1 (Questions B1-B2 apply) 
Digital Storage, Inc., offers to sell provide cloud-computing services to Entrepreneur 
Enterprises, Inc., but mistakenly transposes some of the digits in the price so that 
$15,400 appears ...
ACC 480 Final Exam Questions And 
Answers 100% Verified 
What are the elements of a contract? - answerAgreement, Consideration, Contractual 
Capacity, and Legality 
What is the objective theory of contracts? - answerA court looks at the objective beliefs of 
the parties at the time of signing. AKA W...
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Añadir al carritoACC 480 Final Exam Questions And 
Answers 100% Verified 
What are the elements of a contract? - answerAgreement, Consideration, Contractual 
Capacity, and Legality 
What is the objective theory of contracts? - answerA court looks at the objective beliefs of 
the parties at the time of signing. AKA W...
ACC 480 Chapter 3 MR Exam Questions 
And Answers 100% Verified 
Hawkins requested permission to communicate with the predecessor auditor and review certain 
portions of the predecessor auditor's working papers. The prospective client's refusal to permit 
this will bear directly on Hawkins' decisi...
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Añadir al carritoACC 480 Chapter 3 MR Exam Questions 
And Answers 100% Verified 
Hawkins requested permission to communicate with the predecessor auditor and review certain 
portions of the predecessor auditor's working papers. The prospective client's refusal to permit 
this will bear directly on Hawkins' decisi...
ACC 480 Test 4 Exam Questions With 100% 
Correct Answers. 
Sal is a marketing executive for Tech products Company. If her business decisions and actions 
were unethical, it would most likely be due to - answera desire to increase sales and profits 
Pete, an employee of Quality Sales, Inc., takes a d...
Vista previa 2 fuera de 7 páginas
Añadir al carritoACC 480 Test 4 Exam Questions With 100% 
Correct Answers. 
Sal is a marketing executive for Tech products Company. If her business decisions and actions 
were unethical, it would most likely be due to - answera desire to increase sales and profits 
Pete, an employee of Quality Sales, Inc., takes a d...
ACC 480 Final Exam Questions With 100% 
Correct Answers. 
a set of FEDERAL laws that come into play when you, as a debtor, throw your hands up and say 
you can't pay your bills anymore - answerbankruptcy 
a liquidation - answerchapter 7 bankruptcy 
a personal reorganization - answerchapter 13 bankr...
Vista previa 1 fuera de 4 páginas
Añadir al carritoACC 480 Final Exam Questions With 100% 
Correct Answers. 
a set of FEDERAL laws that come into play when you, as a debtor, throw your hands up and say 
you can't pay your bills anymore - answerbankruptcy 
a liquidation - answerchapter 7 bankruptcy 
a personal reorganization - answerchapter 13 bankr...
ACC 480 Chapter 33 Exam Questions With 
100% Correct Answers. 
A disclosed principal is liable to a third party for a contract by an agent within the scope of 
authority. 
(True/False) - answerTrue 
A principal is not liable for an agent's torts committed within the scope of his or her 
employment....
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Añadir al carritoACC 480 Chapter 33 Exam Questions With 
100% Correct Answers. 
A disclosed principal is liable to a third party for a contract by an agent within the scope of 
authority. 
(True/False) - answerTrue 
A principal is not liable for an agent's torts committed within the scope of his or her 
employment....
ACC 480 Chapter 39 Exam Questions With 
100% Correct Answers. 
A shareholder can sue a corporation, and a corporation can sue a shareholder. 
(True/False) - answerTrue 
Generally, a promoter is personally liable on a pre-incorporation contract. 
(True/False) - answerTrue 
A foreign corporation is a ...
Vista previa 1 fuera de 3 páginas
Añadir al carritoACC 480 Chapter 39 Exam Questions With 
100% Correct Answers. 
A shareholder can sue a corporation, and a corporation can sue a shareholder. 
(True/False) - answerTrue 
Generally, a promoter is personally liable on a pre-incorporation contract. 
(True/False) - answerTrue 
A foreign corporation is a ...
ACC 480 CHAPTER 28 TB FLASH CARDS 
Jen has a claim against Kevin's property that must be satisfied before the property is available to 
satisfy the claims of other creditors. This is - answerA LIEN 
Pruit performs a contract with Quint to reshingle the roof on Quint's house, but Quint does not 
pa...
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Añadir al carritoACC 480 CHAPTER 28 TB FLASH CARDS 
Jen has a claim against Kevin's property that must be satisfied before the property is available to 
satisfy the claims of other creditors. This is - answerA LIEN 
Pruit performs a contract with Quint to reshingle the roof on Quint's house, but Quint does not 
pa...
ACC 480 Chapter 17 Exam Questions With 
100% Correct Answers. 
B 
Merry Music Inc. and Nayda enter into a contract for Nayda to write six songs for which 
Merry Music agrees to pay her. Nayda transfers her right to payment under the contract 
to Omni Artists Agency. In the transfer of rights, Nayda ...
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Añadir al carritoACC 480 Chapter 17 Exam Questions With 
100% Correct Answers. 
B 
Merry Music Inc. and Nayda enter into a contract for Nayda to write six songs for which 
Merry Music agrees to pay her. Nayda transfers her right to payment under the contract 
to Omni Artists Agency. In the transfer of rights, Nayda ...
ACC 480 Chapter 19 Exam Questions With 
100% Correct Answers. 
The term "ethics" refers to a person's propensity to follow the laws of the land. - answerFalse 
Professionalism refers to the conduct, aims, or qualities that characterize a given profession. - 
answerTrue 
When auditing a public com...
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Añadir al carritoACC 480 Chapter 19 Exam Questions With 
100% Correct Answers. 
The term "ethics" refers to a person's propensity to follow the laws of the land. - answerFalse 
Professionalism refers to the conduct, aims, or qualities that characterize a given profession. - 
answerTrue 
When auditing a public com...
ACC 480 Chapter 5 Exam Questions With 
100% Correct Answers. 
John is sales manager for Kleen 'N Brite Products, Inc. Compared to John's personal activities, 
his business activities involve - answerTHE SAME ETHICAL STANDARDS 
Lia works for Media Marketing Company. Her job includes putting "spin...
Vista previa 1 fuera de 2 páginas
Añadir al carritoACC 480 Chapter 5 Exam Questions With 
100% Correct Answers. 
John is sales manager for Kleen 'N Brite Products, Inc. Compared to John's personal activities, 
his business activities involve - answerTHE SAME ETHICAL STANDARDS 
Lia works for Media Marketing Company. Her job includes putting "spin...
ACC 480 Chapter 21 Exam Questions With 
100% Correct Answers. 
Assurance services are independent professional services that improve the quality of information 
specifically for internal decision makers. - answerFalse 
Electronic commerce is an example of a category of assurance services. - answerTr...
Vista previa 3 fuera de 23 páginas
Añadir al carritoACC 480 Chapter 21 Exam Questions With 
100% Correct Answers. 
Assurance services are independent professional services that improve the quality of information 
specifically for internal decision makers. - answerFalse 
Electronic commerce is an example of a category of assurance services. - answerTr...
ACC 480 Chapter 7 Exam Questions With 
100% Correct Answers. 
All companies must follow the Sarbanes-Oxley Act requirements. - answerFalse 
Most public companies must follow Sarbanes-Oxley requirements. - answerTrue 
In a public company, management must assess and report on internal control over fin...
Vista previa 3 fuera de 17 páginas
Añadir al carritoACC 480 Chapter 7 Exam Questions With 
100% Correct Answers. 
All companies must follow the Sarbanes-Oxley Act requirements. - answerFalse 
Most public companies must follow Sarbanes-Oxley requirements. - answerTrue 
In a public company, management must assess and report on internal control over fin...
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