Apr 17th, 2015
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Hi there.This document contains A+ work for the course ACC 280.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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ACC 280 Final Exam.P.S. Your questions will be chosen randomly from a large set of questions. Nobody can guarantee that these questions will cover completely your exam. If I helped you please leave "A" feedback (I need it very much). Thank you and good luck.1)The SEC and FASB are two organizations that are primarily responsible for establishing generally accepted accounting principles. It is true that A.the SEC is a private organization of accountants.B.the SEC often mandates guidelines when no accounting principles exist.C.the SEC and FASB rarely cooperate in developing accounting standards.D.they are both governmental agencies.2)Auditing is A.a part of accounting that involves only recording of economic area of accounting that involves such activities as cost accounting, budgeting, and accounting information systems.C.conducted by the Securities and Exchange Commission to ensure that registered financial statements are presented fairly.D.the examination of financial statements by a CPA in order to express an opinion on their fairness.3)All of the financial statements are for a period of time except the A.retained earnings.B.balance sheet.C.statement of cash flows.D.income statement.4)Which of the following statements is not true? A.Expenses have normal debit balances.B.Expenses decrease stockholders' equity.C.Expenses are a negative factor in the computation of net income.D.Expenses increase stockholders' equity.

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