------------------------------------------------- 1) The Sarbanes-Oxley Act requires that all publicly traded companies maintain a system of internal controls. Internal controls can be defined as a plan to A.safeguard assets B.monitor balance sheets C.control liabilities D.evaluate capital stock ------------------------------------------------- 2) The purchase of treasury stock A. decreases common stock authorized B. decreases common stock issued C. decreases common stock outstanding D
Premium Balance sheet Expense Generally Accepted Accounting Principles
ACC 202 FINAL EXAM TOPIC LIST SPRING 2013 50 questions at 6 points a question Chapter 10 (8 questions) Direct materials price and quantity variances. Understand calculations and meaning. Direct labor efficiency and rate variances. Understand calculations and meaning. Chapter 11 (9 questions) Compute ROI and show how changes in sales‚ expenses and assets impact ROI. Compute residual income and understand its strengths and weaknesses Chapter 12 (9 questions) Identify
Premium Investment Cost Variable cost
ACC 330 FINAL EXAM Student Name: Dominic Razzano Part A. Dependency Questions: (20 points) 1. Determine whether Kathleen is a dependent and explain why or why not? No‚ she is not because yes she is a full-time student‚ but she is over the age of 24. 2. Determine whether Mrs. Clyente’s father is a dependent and explain why or why not? No‚ her father isn’t due to his income from social security being more than $3‚950 and he doesn’t live with the family. 3. Determine whether Mr. Clyente’s mother
Premium Taxation in the United States
Learning Team A Week One Reflection ACC/422 Monday‚ April 8‚ 2013 Lisa A. Foy Learning Team A Week One Reflection The object of the reflection for this week is to discuss the objectives for Week One and their relation to the importance of the balance sheet to internal and external users. The objectives discussed by Learning Team A are the components of cash and cash equivalents‚ and the comparison and contrast of different inventory cost flow assumptions and how they are valued. The internal
Premium Balance sheet Inventory Asset
This pack of ACC 422 Week 1 Discussion Questions contains: DQ1: Which of the following is the most important for an organization to manage: cash‚ receivables‚ or inventory? Defend you answer. DQ2: How can different accounting methods affect an organization’s net income? Talk specifically about estimations of bad debt and inventory. DQ3: Why would a company choose period inventory tracking over perpetual? Which Method is best? General Questions - General General
Premium Revenue Christopher Nolan
http://www.homeworkmarket.com/content/acc-exam 1. Which of the following situations best describes a business combination to be accounted for as a statutory merger? Both companies in a combination continue to operate as separate‚ but related‚ legal entities. Only one of the combining companies survives and the other loses its separate identity. Two companies combine to form a new third company‚ and the original two companies are dissolved. One company
Premium Balance sheet Generally Accepted Accounting Principles Goodwill
Accounting 493 –Advanced Auditing Winter 2004: Section 1 Dr. Raymond N. Johnson‚ CPA Office Hours: T 3:00 – 5:15‚ Office: 670 SBA after class or by appointment Phone: 725-5354 FAX: 725-5850 E-mail: JohnsonR@pdx.edu PREREQUISITES: Accounting 492 and Admission to the School of Business Administration DESCRIPTION AND OBJECTIVES OF THE COURSE: Goals of the Course: 1. To prepare students for the real world audit environment. 2. To be able to evaluate
Premium Business Finance Certified Public Accountant
The pack of ACC 422 Week 5 Idividual comprises: Assignments from the Text a. Prepare solutions to the following exercises from the text: Chapter 13: E13-1‚ E13-7‚ E13-11‚ E13-13 b. Prepare a response to the following Question Business - Accounting ACC 422 All Week 5 Assignments - Individual WileyPlus Assignment Includes: Week 5 Discussion questions 1‚ 2‚ 3‚ 4 Week 5 Learning team assignment Week 5 Learning Team Problem Presentation
Premium Financial statements Balance sheet Sentence
ACC 561 Final Exam Study Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-561-final-exam-study-guide/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: Question 1 Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Harder to transfer ownership. Most common form of organization. Reduced legal liability for investors. Lower
Premium Variable cost Management accounting Costs
Week Four Team Reflection Tara Bolton‚ Misty Lambou‚ Kenneth Maxwell‚ Jeanette Platt ACC/422 November 26‚ 2012 Instructor: Don Minyard Week Four Team Reflection During Week Four Team D discussed the objectives learned in Week Three. In the following paragraphs‚ Team D will provide examples of the effect of using different depreciation methods and its effects of decision-making by the management. Team D will also analyze why reporting intangible assets are challenging for accountants. Depreciation
Premium Generally Accepted Accounting Principles Management Psychology