ACC/422 final exams http://www.finalexamguideline.com/main.sc 1) Which of the following is NOT considered cash for financial reporting purposes? 2) What is the preferable presentation of accounts receivable from officers‚ employees‚ or affiliated companies on a balance sheet? 3) Which of the following is considered cash? 4) If a company employs the gross method of recording accounts receivable from customers‚ then sales discounts taken should be reported
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ACC 423 FINAL EXAMS http://www.finalexamguideline.com/main.sc 1) When convertible debt is retired by the issuer‚ any material difference between the cash acquisition price and the carrying amount of the debt should be 2) The conversion of preferred stock may be recorded by the 3) The conversion of preferred stock into common stock requires that any excess of the par value of the common shares issued over the carrying amount of the preferred being converted should be 4) The accounting problem
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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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DOWNLOAD http://www.supportonlineexam.com ACC 291 Final Exam 100% Correct 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. has no effect on common stock outstanding
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ACCO 673 Specialized Topics in Taxation FINAL EXAMINATION Date: August 6‚ 2011 Time: 9:00am – 12:00pm Instructions: - This is a closed book exam. - You are allowed dictionaries. - Use of regular calculators are allowed. Calculators which store text are NOT allowed - This exam consists of 7 questions. - Total number of pages including cover sheet: 11 - Answer all questions in your exam booklet. THIS EXAMINATION MUST BE RETURNED
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ECO 561 Final Exam w/ corrected answers 1) Suppose that in the clothing market‚ production costs have fallen‚ but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that A. the supply of clothing has grown faster than the demand for clothing [B. demand for clothing has grown faster than the supply of clothing] C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has
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ACC 490 Final Exam Guide http://www.assignmentcloud.com/ACC-490/ACC-490-Final-Exam-Guide 1. An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity’s operating activities in relation to specified objectives is a(n): a. internal audit. b. external audit. c. operational audit. d. compliance audit. e. financial statement audit. 2. When providing audit services ‚ the CPA is expected to be: a. independent of the
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King Fahd University of Petroleum and Minerals Department of Accounting & MIS ACCT 303 ACL Class Test Computer Control & Audit Time Allowed: 45 Minutes Semester: 052 Hands-on ACL Applications Name:_________________________ Sec: _________ Student ID#:____________ For this part of the test you will need the payroll (Payroll Transactions) and the empmast (Employee Master) Files located in the sample.acl available with the 2nd ACL assignment. 1. Open the Payroll (Payroll Trans file)
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ACC 291 Final Exam Guide www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-291-final-exam-guide/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: 1. The method of accounting for uncollectible accounts that results in a better matching of expenses with revenues is the a. aging accounts receivable method b. direct write-off method c. percentage of receivables method d. percentage of
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* Question 1 6 out of 6 points | | | An auditor who audits a business cycle that has low inherent risk should:Answer | | | | | Selected Answer: | increase the tolerable misstatement for the area. | Correct Answer: | increase the tolerable misstatement for the area. | | | | | * Question 2 6 out of 6 points | | | The five steps in applying materiality are listed below in random order. 1. | Estimate the combined misstatement. | 2. | Estimate the total misstatement
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