Acc 561 final exam 2 Study guides, Class notes & Summaries
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ACC 561 FINAL EXAM 4
- Exam (elaborations) • 7 pages • 2022
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ACC 561 FINAL EXAM 4 
 
1.	Question 1 
The entry to record the acquisition of raw materials on account is: 
Correct 
(B) Raw Materials Inventory&... 
2.	Question 2 
Which of the following statements concerning users of accounting information is incorrect? 
Correct 
(D) Regulatory authorities ... 
3.	Question 3 
The Mac Company has four plants nationwide that cost $350 million. The current fair value of the plants is $300 million. The plants will be reported as assets at: 
Correct 
(A) $350 milli...
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ACC 561 FINAL EXAM 2
- Exam (elaborations) • 3 pages • 2022
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ACC 561 FINAL EXAM 2
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ACC 561 FINAL EXAM 2
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ACC 561 FINAL EXAM 2
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ACC 561 FINAL EXAM 3 QUESTIONS AND ANSWERS LATEST 2023/2024 GRADED A+
- Exam (elaborations) • 3 pages • 2023
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ACC 561 FINAL EXAM 3 
 
1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard of plastic per unit b...
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ACC 561 FINAL EXAM 1 TO 5 | BUNDLE| ALL GRADED A+
- Package deal • 5 items • 2022
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ACC 561 FINAL EXAM 1
ACC 561 FINAL EXAM 2
ACC 561 FINAL EXAM 3
ACC 561 FINAL EXAM 4
ACC 561 FINAL EXAM 5
And that's how you make extra money
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ACC 561 FINAL EXAM 2
- Exam (elaborations) • 4 pages • 2021
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ACC 561 FINAL EXAM 2
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ACC 561 FINAL EXAM 4
- Exam (elaborations) • 10 pages • 2022
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ACC 561 FINAL EXAM 4The investigation of materials price variance usually begins in the: 
•	 
first production department. 
•	 
purchasing department. 
•	 
controller's office. 
•	 
accounts payable department. 
 
Scorpion Production Company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company actually made 3,900 units, although it had planned to make only 3,300 units. Total yards used for production were 3,96...
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ACC 561 FINAL EXAM 3
- Exam (elaborations) • 3 pages • 2022
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ACC 561 FINAL EXAM 3 
 
1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard of plastic per unit b...
-
ACC 561 FINAL EXAM 3
- Exam (elaborations) • 3 pages • 2022
- Available in package deal
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- $15.49
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ACC 561 FINAL EXAM 3 
 
1.	At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017 
$441,000 credit 
2.	The investigation of materials price variance usually begins in the 
Purchasing department 
3.	Scorpion Production Company planned to use 1 yard of plastic per unit b...
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STR 581 Week 4 Capstone Final Exam Part 2
- Exam (elaborations) • 10 pages • 2022
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STR 581 Week 4 Capstone Final 
Exam Part 2 
1. Complete the Capstone Final Examination, Part 2. You are allowed one attempt to complete the examination, 
which is timed and must be completed in 3 hours. Results are auto-graded and sent to your instructor. 
Resources: Course Materials from ACC/561 and FIN/571, Capstone Exam Review 
Note: The automated final exam was designed in Google Chrome and is best viewed in the latest version of the 
browser. If you do not use the latest version of Googl...
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