Kaplan University ACC499 Auditing Midterm Project
Kaplan University ACC499 Auditing Midterm Project
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Kaplan University ACC499 Auditing Midterm Project
- Exam (elaborations) • 8 pages • 2019
-
- $15.49
- + learn more
Question 
1. Question : An entity that is organized according to state or federal statutes and in which ownership is divided into shares of stock is a
Student Answer: proprietorship.
corporation.
partnership.
governmental unit.
2. Question : When a product is sold, this cost is often called
Student Answer: cost of goods sold.
revenue.
products.
retained earnings.
3. Question : Which of the following are business stakeholders?
Student Answer: Stockholders
Suppliers
Customers
All of these
4. Quest...
-
Kaplan University ACC499 Auditing Midterm Project
- Exam (elaborations) • 8 pages • 2018
-
- $20.49
- + learn more
Question 
1. Question : An entity that is organized according to state or federal statutes and in which ownership is divided into shares of stock is a
Student Answer: proprietorship.
corporation.
partnership.
governmental unit.
2. Question : When a product is sold, this cost is often called
Student Answer: cost of goods sold.
revenue.
products.
retained earnings.
3. Question : Which of the following are business stakeholders?
Student Answer: Stockholders
Suppliers
Customers
All of these
4. Quest...
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