Devry University

ACCT/553 Federal Taxes and Management Decisions Final Exam (TCO E) Zelda Zayer has been a widow for over 3 years and files a return as a single taxpayer. Items of income received by Zelda in 2011 were as follows. Interest on savings account with Bank of America: $50 Interest on state income tax refund: $25 Gambling winnings: $2,400 Dividends from mutual life insurance company on life insurance policy: $500 Dividends from Better Auto Co. received on January 2, 2011: $875 The total dividends r...

ACCT 553 Federal Taxes and Management Decisions Midterm Exam (TCO C) Under current accounting practice, intangible assets are classified as (Points: 5) amortizable or unamortizable. limited-life or indefinite-life. specifically identifiable or goodwill-type. legally restricted or goodwill-type. (TCO C) Which of the following intangible assets should not be amortized? (Points: 5) Copyrights Customer lists Perpetual franchises All of these intangible assets should be amortiz...

1. (TCO B) An auditor was unable to obtain sufficient appropriate audit evidence concerning certain transactions due to an inadequacy in the entity’s accounting records. The auditor would choose between issuing a(an): (Points : 5) Question2. (TCO K) An auditor should consider which of the following when evaluating the ability of a company to continue as a going concern? (Points : 5) Question3. (TCO A) An auditor’s independence is considered impaired if the auditor has: (Points : 5) ...

ACCT 555 Midterm Exam

Page: 1 2 1. Question : (TCO D) The review team should be aware of various management and operational techniques, which includes all of the following except: Mental Models Spirituality Greenfielding 2. Question : (TCO F) Manually altering entries in an organization‘s books in order to conceal fraud is called: Shrinkage Forced reconciliation Padding the books Instructor Explanation:Wells, Chapter 9 3. Question : (TCO F) During an interview, when an interviewee repeatedly fiddles with a pen or...

1. (TCO A) On what should the government-wide financial statements report? 2. (TCO B) According to GASB standards, when should transfers be recognized? 3. (TCO C) Comparisons of budgeted versus actual revenues and expenditures are a requirement of which of the following situations? 4. (TCO D) The revenues account of a government entity is debited when 5. (TCO E) During the year, a wealthy local businessman donated a building to city of Perris. The original cost of the building wa...

ACCT 567 Midterm Exam

1. (TCO A) The following term is not generally used to refer to white collar crime: 2. (TCO A) Occupational crime offenders are: 3. (TCO B) Investigative journalism is likely to be: 4. (TCO B) Which of the following would be least likely to accuse a company of willful misconduct or gross negligence? 5. (TCO B) Historically, the least typical response to whistleblowers has been _ _ _ _ _ 6. (TCO C) According to the text. in recent years Halliburton has been accused of all but one of the foll...

ACCT 574 Week 4 Midterm 1. (TCO A) Which statement is false? 2. (TCO A) What would be a task of a litigation services practitioner? 3. (TCO A) Which is not a forensic­type certificate? 4. (TCO A) Under the “KPMG” categories of fraud, what would probably not be an external fraud? 5. (TCO A) Which statement is false? 6. (TCO A) What is an investigative technique used by the SEC to investigate specific companies for cooking the books? 7. (TCO A) Which would be a preventive control? 8. ...

BIS 345 Final Exam/BIS 345 Final Exam