Kaplan University ACC499 Auditing Midterm Project
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Kaplan University ACC499 Auditing Midterm Project Kaplan University ACC499 Auditing Midterm Proje 2
Latest notes & summaries Kaplan University ACC499 Auditing Midterm Project
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...
- Exam (elaborations)
- • 8 pages's •
-
Kaplan University ACC499 Auditing Midterm Project•Kaplan University ACC499 Auditing Midterm Project
Preview 1 out of 8 pages
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...
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...
- Exam (elaborations)
- • 8 pages's •
-
Kaplan University ACC499 Auditing Midterm Project•Kaplan University ACC499 Auditing Midterm Project
Preview 1 out of 8 pages
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...