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For more course tutorials visit\nuophelp.com is now newtonhelp.com\nwww.newtonhelp.com\n\n\n \n \n \nThis Tutorial contains 3 Set of Finals\n \nACC 304 Final Exam Part 1 (3 Sets) 1\n \n1) Swing High Inc. offers its 100 employees to participate in an employee share-purchase plan. Under the terms of plan, employees are entitled to purchase 10 shares at 10% discount. The par values of shares were $10. Overall, 60 employees accepted the offer and each employee purchased six shares. The market price on purchase date was $100.\n

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acc 304 final exam part 1 3 sets

ACC 304 FINAL EXAM PART 1 (3 SETS)

For more course tutorials visit

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ACC 304 Final Exam Part 1 (3 Sets) 1

1)      Swing High Inc. offers its 100 employees to participate in an employee share-purchase plan. Under the terms of plan, employees are entitled to purchase 10 shares at 10% discount. The par values of shares were $10. Overall, 60 employees accepted the offer and each employee purchased six shares. The market price on purchase date was $100.

acc 304 final exam part 2 2 sets

ACC 304 FINAL EXAM PART 2 (2 SETS)

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ACC 304 Final Exam Part 2 (2 Sets) 1

1)      On January 1, 2015, Piper Co. issued ten-year bonds with a face value of $3,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:

Present value of 1 for 10 periods at 10%                    .386    

Present value of 1 for 10 periods at 12%                    .322    

Present value of 1 for 20 periods at 5%                      .377    

acc 304 week 1 chapter 8 homework

ACC 304 WEEK 1 CHAPTER 8 HOMEWORK

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ACC 304 Week 1 Chapter 8 Homework

1)      Matlock Company uses a perpetual inventory system. Its beginning inventory consists 50 units that cost $34 each. During June , (1) the company purchased units at $34 each, (2) returned 6 units for credit ,and (3) sold 125 unit at $50 each. Journalize the June transactions.

acc 304 week 2 chapter 8 quiz all possible questions

ACC 304 WEEK 2 CHAPTER 8 QUIZ (ALL POSSIBLE QUESTIONS)

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ACC 304 Week 2 Quiz – Strayer NEW

CHAPTER 8

VALUATION OF INVENTORIES:A COST-BASIS APPROACH

IFRS questions are available at the end of this chapter.

TRUE FALSE—Conceptual

acc 304 week 2 chapter 9 homework

ACC 304 WEEK 2 CHAPTER 9 HOMEWORK

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ACC 304 Week 2 Chapter 9 Homework

1)      Floyd Corporation has the following four items in its ending inventory. Determine the final lower-of-cost-or-market inventory value for each item.

2)      Bell, Inc. buys 1,000 computer game CDs from a distributor who is disconnecting those games.

acc 304 week 3 chapter 9 quiz all possible questions

ACC 304 WEEK 3 CHAPTER 9 QUIZ (ALL POSSIBLE QUESTIONS)

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1.     A company should abandon the historical cost principle when the future utility of the inventory item falls below its original cost.

    2.     The lower-of-cost-or-market method is used for inventory despite being less conservative than valuing inventory at market value.

acc 304 week 3 chapter 10 homework

ACC 304 WEEK 3 CHAPTER 10 HOMEWORK

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ACC 304 Week 3 Homework (Chapter 10)

1)      Hanson Company is constructing a building. Construction begins on February 1 and was completed on December 31. Expenditure were $1,800,000 on march 1, $1,200,000 on June 1, and $3,000,000 on December 31. Compute Hanson’s weighted-average accumulated expenditure for interest capitalization purposes.

acc 304 week 4 chapter 10 quiz all possible questions

ACC 304 WEEK 4 CHAPTER 10 QUIZ (ALL POSSIBLE QUESTIONS)

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ACC 304 Week 4 Quiz – Strayer NEW

Week 4 Quiz 3: Chapter 10

ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT

IFRS questions are available at the end of this chapter.

acc 304 week 4 chapter 11 homework

ACC 304 WEEK 4 CHAPTER 11 HOMEWORK

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ACC 304 Week 4 Chapter 11 Homework

1)      Lockard Company purchased machinery on January 1, 2014, for $102,960. The machinery is estimated to have a salvage value of $10,296 after a useful life of 8 years.

2)      Compute 2014 depreciation expense using the double-declining-balance method.

acc 304 week 5 midterm part 1 set 1

ACC 304 WEEK 5 MIDTERM PART 1 (SET 1)

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1.     The book value of a plant asset is

2.      

The asset turnover ratio is computed by dividing

3.      

On September 19, 2014, Markham Co. purchased machinery for $285,000. Salvage value was estimated to be $15,000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Markham should record depreciation expense for 2015 on this machinery of

acc 304 week 5 midterm part 1 set 2

ACC 304 WEEK 5 MIDTERM PART 1 (SET 2)

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Multiple Choice Question 90

If Labor, Inc. uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets that originally cost $80,000 and have been used for 10 years are sold for $24,000?

Multiple Choice Question 102

acc 304 week 5 midterm part 1 set 3

ACC 304 WEEK 5 MIDTERM PART 1 (SET 3)

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ACC 304 Week 5 Midterm Part 1 (Set 3)

1)      Tongas Company applies revaluation accounting to plant assets with a carrying value of $1,600,000, a useful life of 4 years, and no salvage value. Depreciation is calculated on the straight-line basis. At the end of year 1, independent appraisers determine that the asset has a fair value of $1,500,000.

acc 304 week 5 midterm part 2

ACC 304 WEEK 5 MIDTERM PART 2

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ACC 304 Week 5 Midterm Part 2

1)      1) A machine which cost $300,000 is acquired on October1, 2014. Its estimated salvage value is $30,000 and its expected life is eight years.

a)       Calculate depreciation expense for 2014 and 2015 by double-declining balance

b)      Calculate depreciation expense for 2014 and 2015 by sum-of-the-years-digits

acc 304 week 6 chapter 12 homework

ACC 304 WEEK 6 CHAPTER 12 HOMEWORK

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ACC 304 Week 6 Chapter 12 Homework

1)      Waters Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $400,000. The Johnson Division’s net assets, including the good well, have a carrying amount of $800,000. The fair value of the division is estimated to be $1,000,000.prepare Water’s journal entry to record impairment of the goodwill.

acc 304 week 7 chapter 12 quiz all possible questions

ACC 304 WEEK 7 CHAPTER 12 QUIZ (ALL POSSIBLE QUESTIONS)

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ACC 304 Week 7 Quiz – Strayer NEW

Week 7 Quiz 4: Chapter 12

INTANGIBLE ASSETS

IFRS questions are available at the end of this chapter.

TRUE-FALSE—Conceptual

    1.     Intangible assets derive their value from the right (claim) to receive cash in the future.

acc 304 week 7 chapter 13 homework

ACC 304 WEEK 7 CHAPTER 13 HOMEWORK

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ACC 304 Week 7 Chapter 13 Homework

1)      Takemoto Corporation borrowed $64,850 on November 1, 2014, by signing a $68,450, 3-month, zero-interest-bearing note. Prepare Takemoto’s November 1, 2014, entry; the December 31, 2014, annual adjusting entry; and the February 1, 2015, entry.

acc 304 week 8 assignment 1 delta airlines property plant and equipment

ACC 304 WEEK 8 ASSIGNMENT 1 DELTA AIRLINES PROPERTY, PLANT, AND EQUIPMENT

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ACC 304 WEEK 8 ASSIGNMENT 1 DELTA AIRLINES PROPERTY, PLANT, AND EQUIPMENT

Assignment 1: Delta Airlines Property, Plant, and Equipment

Due Week 8 and worth 200 points

acc 304 week 8 chapter 14 homework

ACC 304 WEEK 8 CHAPTER 14 HOMEWORK

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ACC 304 Week 8 Chapter 14 Homework

1)       Teton Corporation issued $704,000 of 9% bonds on November 1, 2014, for $745,018. The bonds were dated November 1, 2014, and mature in 8 years, with interest payable each May 1 and November 1. Teton uses the effective-interest method with an effective rate of 8%.

acc 304 week 9 chapter 13 and chapter 14 quiz all possible questions

ACC 304 WEEK 9 CHAPTER 13 AND CHAPTER 14 QUIZ (ALL POSSIBLE QUESTIONS)

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ACC 304 Week 9 Quiz – Strayer NEW

Week 9 Quiz 5: Chapter 13, Quiz 6: Chapter 14

CURRENT LIABILITIES AND CONTINGENCIES

IFRS questions are available at the end of this chapter.

TRUE-FALSE—Conceptual

acc 304 week 9 chapter 15 homework

ACC 304 WEEK 9 CHAPTER 15 HOMEWORK

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ACC 304 Week 9 Chapter 15 Homework

1)      Ravonette Corporation issued 375 shares of $14 par value common stock and 128 shares of $51 par value preferred stock for a lump sum of $17,118. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share.

acc 304 week 10 chapter 15 quiz all possible questions

ACC 304 WEEK 10 CHAPTER 15 QUIZ (ALL POSSIBLE QUESTIONS)

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ACC 304 Week 10 Quiz – Strayer NEW

Week 10 Quiz 7: Chapter 15

STOCKHOLDERS’ EQUITY

IFRS questions are available at the end of this chapter.

TRUE-FALSE—Conceptual

    1.     A corporation is incorporated in only one state regardless of the number of states in which it operates.

acc 304 week 10 chapter 16 homework

ACC 304 WEEK 10 CHAPTER 16 HOMEWORK

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ACC 304 Week 10 Chapter 16 Homework

1)      Archer Inc. issued $4,461,300 par value, 7% convertible bonds at 99 for cash. If the bonds had not included the conversion feature, they would have sold for 95.