Homework – Week 4 Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 Chapter 7: Problems 7-29(a-g) and 7-33(a-b) Chapter 8: Problems 8-29(a-d) and 8-32(a-b) 7-29 A-G A- Recorded amount of entries in the acquisition journal 1- Documentation--consists of the client’s business documents used to support accounting events. The strength of documentation is that it is prevalent and available at a low cost. Documents can be internal or externally
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CLICK TO GET ANSWERS ACC 423 Final Exam Question 1: Buttercup Corporation issued 250 shares of $11 par value common stock for $4‚125. Prepare Buttercup’ journal entry. Question 2: Wilco Corporation has the following account balances at December 31‚ 2012. Common stock‚ $5 par value $511‚670 Treasury stock 95‚260 Retained earnings 2‚400‚840 Paid-in capital in excess of par 1‚320‚150 Prepare Wilco’s December 31‚ 2012‚ stockholders’ equity section Question 3: Woolford Inc. declared a cash dividend
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Exams Review Test Submission: Exam 2 SKIP TO COURSE MENUSKIP TO TOP FRAME TABS Content User Justin Osborne Course ACC 440 Legal Aspects of Accounting‚ Spring 14‚ 23707 Test Exam 2 Started 2/25/14 9:31 PM Submitted 2/25/14 10:30 PM Status Completed Attempt Score 64 out of 100 points Time Elapsed 58 minutes out of 1 hour. Instructions No Printing! <script lang=”Javascript” src=”h ttp://www.eku.edu/onlinelearning/np.js”></script> Question 1 4 out of 4 points Maria holds an instrument that states
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This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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the High Court majority and dissenting judgments‚ and comment on the significance of the decision held in the case. II THE CASE A Facts Louise Stoddart was summoned as a witness to front the Australian Crime Commission (ACC) on 03 April 2009 following S28 (1) of the ACC Act 2002 (Cth) to provide evidence of federally relevant criminal activity2 involving her husband of 20 years‚ Ewan Stoddart. A previously self-employed accountant carrying on a practice at several Queensland locations‚ Mr
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ACC 211-MIDTERM EXAM (Chap 1 thru 5) MC Qu. 113 An example of a financing activity is: An example of a financing activity is: Buying office supplies. Obtaining a long-term loan. Buying office equipment. Selling inventory. Buying land. MC Qu. 114 An example of an operating activity is: An example of an operating activity is: Paying wages. Purchasing office equipment. Borrowing money from a bank. Selling stock. Paying off a loan. MC Qu. 117 Net Income: Net Income:
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EXAM 1 – FORM A ACC 242 Fall‚ 2013 Name__________________________________ 1. The following information relates to a job cost system in a factory: For the year Estimated Actual Factory Overhead $600‚000 $635‚000 Direct Labor $500‚000 $525‚000 Direct Materials $500‚000 $520‚000 Direct Labor Hours 300‚000 hrs. 290‚000 hrs. The factory uses a predetermined overhead rate per direct labor hour to apply factory overhead. During the year jobs which cost $1‚200
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Clients Understanding ACC/541 Rose Barden January 16‚ 2012 Kenneth Burton Adjusting Lower Cost The paperwork is needed so that the inventory can be check and figured out the true value of the inventory. A better way at looking any logical justification for cost or market inventory valuation is that a stock of items is necessary to expedite production and sales. If inventory become obsolescence‚ goes through physical deterioration‚ and price declines occur‚ or even if the stock when finally
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Guillermo Furniture Store Analysis ACC/561 September 25‚ 2010 Guillermo Furniture Store Analysis Emerging markets‚ new processes and increased competition affect business decisions for many small businesses. Guillermo Furniture Store is a small business currently experiencing the affects of emerging competition. Because of this‚ the organization decided to take a more prominent role in distributing. The authors will be taking a deeper look into this decision and will provide a detailed
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ACC/260 Week 8 Individual The situation in “Locker Room Talk”‚ centers on Albert Gable‚ a partner in a CPA firm. Mr. Gable took on a married couple‚ Larry and Susan Wilson‚ as clients for financial planning‚ and as he worked their case he became their personal friends. Albert knew that their marriage had some problems‚ and as he was auditing a bank‚ which he did annual audits for‚ he discovered some discrepancies in the information that the Wilson’s gave him and the information that the bank had
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