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ACC 561 Final Exam Transweb E Tutors provides the latest University of Phoenix ACC 561 Final Exam week 6 final questions for free. Get the recently updated question of accounting 561 final exams and their answers for free. Find the weekly questions of acc 561 Final Exam. ACC 561 Week 6 Final Exam 49.Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Lower taxes. Harder to transfer ownership. Most common form of organization. Reduced legal liability for investors. 64. The group of users of accounting information charged with achieving the goals of the business is its auditors. creditors. managers. investors. 110. Which of the following financial statements is concerned with the company at a point in time? Income statement. Balance sheet. Retained Earnings statement. Statement of cash flows. 112. An income statement presents the revenues and expenses for a specific period of time. summarizes the changes in retained earnings for a specific period of time. reports the assets, liabilities, and stockholders’ equity at a specific date. reports the changes in assets, liabilities, and stockholders’ equity over a period of time.