Name: _____________________________________ Date: _________________ Third Midterm -- Chapters 8‚ 9‚ 10 & 11 100 points Key Section Possible Points True/False Multiple Choice Problems Total 25 24 55 104 Your Score Your Points ___________ Be legible!!!! (If I can’t read what you put down‚ I can’t grade it and I will not guess at what you might have written.) Mark the True/False answers in the appropriate column!! Put the letter answer to the Multiple
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CA1-1 1. True. 2. False. Any company claiming compliance with IFRS must comply with all standards and interpretations‚ including disclosure requirements. 3. False. The SEC is the governmental body that has influence over the FASB‚ not the IASB. 4. True. 5. False. The IASB has no government mandate and does follow a due process in issuing IFRS. CA1-3 CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. 1. GAAP stands for: ANS: D) generally
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1. Two primary external users of accounting information are investors and creditors. TRUE 2. The economic resources that are owned by a business are called stockholders’ equity. FALSE 3. Net income for the period is determined by subtracting total expenses and dividends from revenues. FALSE 4. The heading for the income statement might include the line “As of December 31‚ 20xx.” TRUE 5. Net income is another term for revenue. FALSE 6. The primary purpose of the statement of cash
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Ronice M. Bruce Week 3_Course Project A - CASE STUDY ACCT 505- Prof Main January 26‚ 2013 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 Average variable cost per passenger $70 Fixed operating cost per month $3‚150‚000 a. What is the break-even point in passengers and revenues
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Speech- Phobias There are 530 documented cases of phobias in the world today‚ and there are more than 5 percent of Americans that have diagnosed phobias. *****What if I had a huge tarantula and stuck it on you’re for head and let its hairy legs crawl all over you or if I took you on an air plane so high the cars looked like little ants. Think about your worst fear and think about how it can affect you‚ can it make you run‚ pass out‚ or even collapse on the ground. Phobias are very powerful things
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ACCT 361 Chapter 19: Quality‚ Time and the Theory of Constraints (TOQ) Quality on the production line (conformance to technical specifications) reduces costs and supports a cost leadership strategy Quality may also differentiate one product from what might otherwise be a selection of substitutes and this way supports a value-leadership strategy The term quality refers to a wide variety of factors – fitness for use‚ the degree to which a product satisfies the needs of a customer‚ or the degree to
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Shipping Goods * Sales orders→ shipping dept * Shipping document * Copy of sales order and shipping doc à acct dept * Bill of lading→ independent trucking company ships goods * Copy of bill of ladingà acct dept Billing Customers and Recording Sales * Prep invoice by authorized price list * Edit checks: make sure entered correctly * Updates: sales and a/r accts Processing and Recording Cash Receipts * Person opening mail send remittance advices àacct dept * Record
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INFORMATION Course Name: Class Item Number: Class website: MyAccountingLab™ Homework website: ACCT 202 – Principles of Accounting II (5 credits) 4026 (ACCT& 202.H1N) canvas.northseattle.edu (Access through Canvas) INSTRUCTOR INFORMATION Instructor: Marla Lockhart Office: IB 2415A Contact: e-mail: mlockhart@northseattle.edu You MUST include “ACCT 202” in the subject line or I may not see it! Example: “ACCT 202 Can We Meet This Week?” (I’ll see your name in the address) Telephone: 206.934.6026 Office
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Keller Graduate School ACCT 593 Financial Accounting and Reporting NOVEMBER 2012 Syllabus Important Deadlines Course Start Date 10/29/2012 Course Completion Date 1/6/2013 Portal Access Deadline 02/28/13 Discussions Required on a Weekly Basis By its nature‚ the evaluation of participation in the threaded discussions will be subjective based both on quantity and quality of contributions. Not all threads will require
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ACCT 346 Midterm Exam Answers http://www.homeworkwarehouse.com/downloads/acct-346-midterm-exam-answers/ ACCT 346 Midterm Exam Answers 1. Question : (TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for 2. Question : (TCO 1) Which of the following costs does not change when the level of business activity changes? 3. Question : (TCO 1) You own a car and are trying to decide whether or not to trade
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