Acct 350 Study guides, Class notes & Summaries
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ACCT 350 actual Final exam Davenport University
- Exam (elaborations) • 94 pages • 2023
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ACCT 350 actual Final exam Davenport University 
CC13-1 (book/static) 
What are the five types of tests auditors use to determine whether financial statements are 
fairly stated? Identify which tests are performed to reduce control risk and which tests are 
performed to reduce planned detection risk. 
What are the five types of tests auditors use to determine whether financial statements are 
fairly stated? 
Types of tests 
1. 
2. 
3. 
4. 
5. 
Identify which tests are performed to reduce cont...
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ACCT 350 - Final Exam Review Exam with Questions and Answers
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ACCT 350 - Final Exam Review Exam with Questions and Answers 
 
Select the true answer. To prevent fraud, the entity may choose to: 
A. Develop a written code of ethics 
B. Use background checks when hiring employees 
C. Prosecute discovered fraud, as an example to other employees 
D. All of the above are true ANSWER D 
 
Building up balances in bank accounts based upon floating checks drawn against similar accounts in other banks is best called: 
a. Skimming. 
b. Kiting. 
c. Money laundering....
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Test Bank For College Accounting A Career Approach 12e Cathy J Scott
- Exam (elaborations) • 409 pages • 2023
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Chapter 03 
1. Which of the following is/are not true about a proper journal entry? 
a. An explanation is needed immediately after each debit and immediately after each 
credit. 
b. All credits are indented. 
c. A debit is never indented, even if a liability or owner's equity account is involved. 
d. All debits are listed before the first credit. 
e. In a compound entry, the largest amounts are listed first. 
ANSWER: 
POINTS: 
DIFFICULTY: 
LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARD...
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NJ Jurisprudence Exam Questions and Answers Graded A+
- Exam (elaborations) • 14 pages • 2023
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Continuing Education Requires: - ANSWER10 hours every biennial renewal (by March 1st/odd years) 
 
CEU Credit Requirements - ANSWERMax of 3 hrs in merchandising 
At least 2 hrs preneed 
At least 3 hrs ethics & NJ L,R,R 
Course or program on OSHA 
 
Excess CEUs cannot be carried over to the next year. T or F - ANSWERTrue 
 
Are CEUs required in 1st license renewal period? - ANSWERNope 
 
Courses approved by Board for CEUs - ANSWERcollege courses 
cont. ed. courses 
correspondence/tutorials 
sem...
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ACCT 101B FINAL REVIEW – KEY| VERIFIED SOLUTION
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ACCT 101B FINAL REVIEW – KEY 
ACCT 101B FINAL REVIEW – KEY 
 
 
 
ACCT 101B FINAL REVIEW – KEY 
CH. 17 
 
An example of a cost which would not be assigned to an overhead cost pool is 
b.	freight-out. 
 
A variable cost is a cost that 
c.	varies in total in proportion to changes in the level of activity. 
 
A cost which remains constant per unit at various levels of activity is a 
a.	variable cost. 
 
A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The...
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TCRN Exam 320 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 57 pages • 2024
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TCRN Exam 320 Questions with Verified Answers 
 
 
Most common mechanism of injury - CORRECT ANSWER Falls 
 
Forms of energy - CORRECT ANSWER -mechanical 
-gravitational 
-thermal 
-chemical 
 
Types of trauma - CORRECT ANSWER -blunt 
-penetrating 
-burn 
-other 
 
Blunt trauma - CORRECT ANSWER accounts most injuries sustained 
frontal impact 
 -aortic & cardiac injury, rib fxs, liver & spleen 
 -dash board posterior hip fx/dislocation, femur, knee injury 
lateral impact 
 -head/facial, c spine,...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023).
- Exam (elaborations) • 57 pages • 2022
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ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collects, records, stores, and processes accounting data to produce info...
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ACCT 1080 EXAM 3 ACCT1080 VERIFIED Q & A (2022-2023)
- Exam (elaborations) • 57 pages • 2022
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ACCT 1080 EXAM 3 ACCT1080 
VERIFIED 
Q & A 
2022-2023 
 
 
 
 
ACCT 1080 EXAM 3 (ACCT1080) 
 
 
Key Terms & Definitions: 
•	Direct Write-off Method and Allowance Method. Which does GAAP require? 
•	Cash Ratio. What does a higher number indicate? 
•	Maturity Value of a Note is.. 
•	Acid Test Ratio 
•	Days Sales in Receivables 
•	A/R Turnover Ratio 
 
SAMPLE PROBLEMS: 
Chapter 7	Accounting Information Systems 
 
Learning Objective 7-1 
 
An accounting information system (AIS) collect...
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ACCT 350 actual Final exam Davenport University
- Exam (elaborations) • 94 pages • 2023
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ACCT 350 actual Final exam Davenport University
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ACCT 3332 Final Exam 2022 with complete solution
- Exam (elaborations) • 86 pages • 2023
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ACCT 3332 Final Exam 2022 with complete solution 
P. Chang & Co. exchanged land and $9,000 cash for equipment. The book value and 
the fair value of the land were $106,000 and $90,000, respectively. Chang would record 
equipment at and record a gain/(loss) of: 
Equipment Gain (loss) 
$99,000 $(16,000) 
$90,000 $(25,000) 
$108,000 $16,000 
$106,000 $(9,000) -Answer- $99,000 $(16,000) 
Kross Co. exchanged land and $18,000 cash for equipment. The book value and the 
fair value of the land were $...