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acc 291

By mitchel9
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ACC 291 NEW Tutorials / acc291dotcom

For more course tutorials visit\nwww.acc291.com\n\nACC 291 Final Exam Study Guide\nQuestion 207\nOn January 1, a machine with a useful life of five years and a residual value of \$40,000 was purchased for \$120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?\n

By tejuntinavi
(161 views)

ACC 291 New Tutorial Course/Uoptutorial

For more course tutorials visit\nwww.uoptutorial.com\n\nACC 291 FINAL EXAM STUDY GUIDE\nQUESTION 207\nON JANUARY 1, A MACHINE WITH A USEFUL LIFE OF FIVE YEARS AND A RESIDUAL VALUE OF \$40,000 WAS PURCHASED FOR \$120,000. WHAT IS THE DEPRECIATION EXPENSE FOR YEAR 2 UNDER THE DOUBLE-DECLINING-BALANCE METHOD OF DEPRECIATION?\nIFRS MULTIPLE CHOICE QUESTION 01\nAS A RECENT GRADUATE OF STATE UNIVERSITY YOU\'RE AWARE THAT IFRS REQUIRES COMPONENT DEPRECIATION FOR PLANT ASSETS. A FRIEND HAS ASKED YOU TO SUCCINCTLY EXPLAIN WHAT COMPONENT DEPRECIATION MEANS. WHICH OF THE FOLLOWING CORRECTLY DESCRIBES COMPONENT DEPRECIATION?\nMULTIPLE CHOICE QUESTION 198\nGIVEN THE FOLLOWING ACCOUNT BALANCES AT YEAR END, COMPUTE THE TOTAL INTANGIBLE ASSETS ON THE BALANCE SHEET OF JANSSEN ENTERPRISES.\nCASH \$1,500,000\nACCOUNTS RECEIVABLE 4,000,000\nTRADEMARKS 1,000,000\nGOODWILL 2,500,000\nRESEARCH & DEVELOPMENT COSTS 2,000,000\nEXPLANATION: INTANGIBLE ASSETS = GOODWILL TRADEMARKS = 3,500,000\n \nMULTIPLE CHOICE QUESTION 146\nBONDS WITH A FACE VALUE OF \$300,000 AND A QUOTED PRICE OF 97¼ HAVE A SELLING PRICE OF\nMULTIPLE CHOICE QUESTION 188 \nSPARKS COMPANY RECEIVED PROCEEDS OF \$423,000 ON 10-YEAR, 8% BONDS ISSUED ON JANUARY 1, 2013. THE BONDS HAD A FACE VALUE OF \$400,000, PAY INTEREST ANNUALLY ON DECEMBER 31ST, AND HAVE A CALL PRICE OF 102. SPARKS USES THE STRAIGHT-LINE METHOD OF AMORTIZATION. WHAT IS THE CARRYING VALUE OF THE BONDS ON JANUARY 1, 2015?\n \nMULTIPLE CHOICE QUESTION \nS. LAWYER PERFORMED LEGAL SERVICES FOR E. CORP. DUE TO A CASH SHORTAGE, AN AGREEMENT WAS REACHED WHEREBY E. CORP. WOULD PAY S. LAWYER A LEGAL FEE OF APPROXIMATELY \$15,000 BY ISSUING 8,000 SHARES OF ITS COMMON STOCK (PAR \$1). THE STOCK TRADES ON A DAILY BASIS AND THE MARKET PRICE OF THE STOCK ON THE DAY THE DEBT WAS SETTLED IS \$1.80 PER SHARE. GIVEN THIS INFORMATION, THE BEST JOURNAL ENTRY FOR E. CORP. TO RECORD FOR THIS TRANSACTION IS\nMULTIPLE CHOICE QUESTION 110 \nLOGAN CORPORATION ISSUES 50,000 SHARES OF \$50 PAR VALUE PREFERRED STOCK FOR CASH AT \$60 PER SHARE. THE ENTRY TO RECORD THE TRANSACTION WILL CONSIST OF A DEBIT TO CASH FOR \$3,000,000 AND A CREDIT OR CREDITS TO\n \nIFRS MULTIPLE CHOICE QUESTION 01 \nJAHNKE CORPORATION ISSUED 8,000 SHARES OF €2 PAR VALUE ORDINARY SHARES FOR €11 PER SHARE. THE JOURNAL ENTRY TO RECORD THE SALE WILL INCLUDE\nMULTIPLE CHOICE QUESTION 80 \nZOUM CORPORATION HAD THE FOLLOWING TRANSACTIONS DURING 2014:\n1. ISSUED \$125,000 OF PAR VALUE COMMON STOCK FOR CASH.\n2. RECORDED AND PAID WAGES EXPENSE OF \$60,000.\n3. ACQUIRED LAND BY ISSUING COMMON STOCK OF PAR VALUE \$50,000.\n4. DECLARED AND PAID A CASH DIVIDEND OF \$10,000.\n5. SOLD A LONG-TERM INVESTMENT (COST \$3,000) FOR CASH OF \$3,000.\n6. RECORDED CASH SALES OF \$400,000.\n7. BOUGHT INVENTORY FOR CASH OF \$160,000.\n8. ACQUIRED AN INVESTMENT IN ZYNGA STOCK FOR CASH OF \$21,000.\n9. CONVERTED BONDS PAYABLE TO COMMON STOCK IN THE AMOUNT OF \$500,000.\n10. REPAID A 6 YEAR NOTE PAYABLE IN THE AMOUNT OF \$220,000.\nWHAT IS THE NET CASH PROVIDED BY FINANCING ACTIVITIES?\n \n \n \nMULTIPLE CHOICE QUESTION 176 \nCOLIE COMPANY HAD AN INCREASE IN INVENTORY OF \$120,000. THE COST OF GOODS SOLD WAS \$490,000. THERE WAS A \$30,000 DECREASE IN ACCOUNTS PAYABLE FROM THE PRIOR PERIOD. USING THE DIRECT METHOD OF REPORTING CASH FLOWS FROM OPERATING ACTIVITIES, WHAT WERE COLIE\'S CASH PAYMENTS TO SUPPLIERS?\n \nIFRS MULTIPLE CHOICE QUESTION 04 \nEACH OF THE FOLLOWING ITEMS MAY BE CLASSIFIED AS OPERATING OR FINANCING ACTIVITIES UNDER IFRS EXCEPT\nMULTIPLE CHOICE QUESTION 165\nTHE CURRENT ASSETS OF ORANGATTE COMPANY ARE \$227,500. THE CURRENT LIABILITIES ARE \$130,000. THE CURRENT RATIO EXPRESSED AS A PROPORTION IS \nMULTIPLE CHOICE QUESTION 41\nALL OF THE FOLLOWING REQUIREMENTS ABOUT INTERNAL CONTROLS WERE ENACTED UNDER THE SARBANES OXLEY ACT OF 2002 EXCEPT:\nEXPLANATION: REDUNDANT CONTROLS ARE ACTUALLY A GOOD THING BECAUSE THEY HELP CLOSE POTENTIAL AUDITING LOOPHOLES.\nMULTIPLE CHOICE QUESTION 85\nWHICH OF THE FOLLOWING IS NOT AN INTERNAL CONTROL ACTIVITY FOR CASH? \nMULTIPLE CHOICE QUESTION 92\nBEFORE A CHECK AUTHORIZATION IS ISSUED, THE FOLLOWING DOCUMENTS MUST BE IN AGREEMENT, EXCEPT FOR THE\n RECEIVING REPORT.\n INVOICE.\n PURCHASE ORDER.\n REMITTANCE ADVICE.\nMULTIPLE CHOICE QUESTION 115\nMITCHELL CORPORATION BOUGHT EQUIPMENT ON JANUARY 1, 2014 .THE EQUIPMENT COST \$180,000 AND HAD AN EXPECTED SALVAGE VALUE OF \$30,000. THE LIFE OF THE EQUIPMENT WAS ESTIMATED TO BE 6 YEARS. THE BOOK VALUE OF THE EQUIPMENT AT THE BEGINNING OF THE THIRD YEAR WOULD BE\n \nEXPLANATION: DEPRECIATION WOULD BE 25K PER YEAR, THUS 130K AT THE BEGINNING OF YEAR 3.\nMULTIPLE CHOICE QUESTION 142\nBREVARD CORPORATION PURCHASED A TAXICAB ON JANUARY 1, 2013 FOR \$25,500 TO USE FOR ITS SHUTTLE BUSINESS. THE CAB IS EXPECTED TO HAVE A FIVE-YEAR USEFUL LIFE AND NO SALVAGE VALUE. DURING 2014, IT RETOUCHED THE CAB\'S PAINT AT A COST OF \$1,200, REPLACED THE TRANSMISSION FOR \$3,000 (WHICH EXTENDED ITS LIFE BY AN ADDITIONAL 2 YEARS), AND TUNED-UP THE MOTOR FOR \$150. IF BREVARD CORPORATION USES STRAIGHT-LINE DEPRECIATION, WHAT ANNUAL DEPRECIATION WILL BREVARD REPORT FOR 2014?\nMULTIPLE CHOICE QUESTION 164\nON JULY 1, 2014, FLEMING COMPANY SELLS MACHINERY FOR \$120,000. THE MACHINERY ORIGINALLY COST \$300,000, HAD AN ESTIMATED 5-YEAR LIFE AND AN EXPECTED SALVAGE VALUE OF \$50,000. THE ACCUMULATED DEPRECIATION ACCOUNT HAD A BALANCE OF \$175,000 ON JANUARY 1, 2014, USING THE STRAIGHT-LINE METHOD. THE GAIN OR LOSS ON DISPOSAL IS\nMULTIPLE CHOICE QUESTION 180\nON JULY 1, 2014, LINDEN COMPANY PURCHASED THE COPYRIGHT TO NORMAN COMPUTER TUTORIALS FOR \$140,000. IT IS ESTIMATED THAT THE COPYRIGHT WILL HAVE A USEFUL LIFE OF 5 YEARS. THE AMOUNT OF AMORTIZATION EXPENSE RECOGNIZED FOR THE YEAR 2014 WOULD BE\nMULTIPLE CHOICE QUESTION 120\nTHE FOLLOWING TOTALS FOR THE MONTH OF APRIL WERE TAKEN FROM THE PAYROLL RECORDS OF METZ COMPANY.\nSALARIES \$30,000\nFICA TAXES WITHHELD 2,295\nINCOME TAXES WITHHELD 6,600\nMEDICAL INSURANCE DEDUCTIONS 1,200\nFEDERAL UNEMPLOYMENT TAXES 240\nSTATE UNEMPLOYMENT TAXES 1,500\nTHE ENTRY TO RECORD ACCRUAL OF EMPLOYER’S PAYROLL TAXES WOULD INCLUDE A \nMULTIPLE CHOICE QUESTION 242\nTHAYER COMPANY PURCHASED A BUILDING ON JANUARY 2 BY SIGNING A LONG-TERM \$2,520,000 MORTGAGE WITH MONTHLY PAYMENTS OF \$23,100. THE MORTGAGE CARRIES AN INTEREST RATE OF 10 PERCENT. THE AMOUNT OWED ON THE MORTGAGE AFTER THE FIRST PAYMENT WILL BE\nMULTIPLE CHOICE QUESTION 96\nTHE FOLLOWING DATA IS AVAILABLE FOR BOX CORPORATION AT DECEMBER 31, 2014:\nCOMMON STOCK, PAR \$10 (AUTHORIZED 30,000 SHARES) \$250,000\nTREASURY STOCK (AT COST \$15 PER SHARE) \$1,200\nBASED ON THE DATA, HOW MANY SHARES OF COMMON STOCK ARE OUTSTANDING?\nMULTIPLE CHOICE QUESTION 144\nINDICATE THE RESPECTIVE EFFECTS OF THE DECLARATION OF A CASH DIVIDEND ON THE FOLLOWING BALANCE SHEET SECTIONS:\n TOTAL ASSETS TOTAL LIABILITIES TOTAL STOCKHOLDERS\' EQUITY \nMULTIPLE CHOICE QUESTION 102\nASSUME THE FOLLOWING COST OF GOODS SOLD DATA FOR A COMPANY:\n \nIF 2013 IS THE BASE YEAR, WHAT IS THE PERCENTAGE INCREASE IN COST OF GOODS SOLD FROM 2013 TO 2015?\nMULTIPLE CHOICE QUESTION 179\nA COMPANY HAS AN AVERAGE INVENTORY ON HAND OF \$75,000 AND ITS AVERAGE DAYS IN INVENTORY IS 36.5 DAYS. WHAT IS THE COST OF GOODS SOLD?\nMULTIPLE CHOICE QUESTION 199\nTHE FOLLOWING INFORMATION IS AVAILABLE FOR PATTERSON COMPANY:\n 2014 2013 \nACCOUNTS RECEIVABLE \$ 360,000 \$ 340,000\nINVENTORY 280,000 320,000\nNET CREDIT SALES 3,000,000 2,600,000\nCOST OF GOODS SOLD 1,500,000 840,000\nNET INCOME 300,000 170,000\nTHE ACCOUNTS RECEIVABLE TURNOVER FOR 2014 IS\nMULTIPLE CHOICE QUESTION 221\n ALL OF THE FOLLOWING SITUATIONS BELOW MIGHT INDICATE A COMPANY HAS A LOW QUALITY OF EARNINGS EXCEPT\n A LACK OF DISCLOSURE ABOUT GUARANTEED PAYMENTS THAT WERE MENTIONED IN THE MD&A OF THE ANNUAL REPORT.\n MAINTENANCE COSTS ARE CAPITALIZED AND THEN DEPRECIATED.\n REVENUE IS RECOGNIZED WHEN EARNED.\n ADOPTION OF A DIFFERENT INVENTORY METHOD FOR EACH OF THE LAST THREE YEARS.\nIFRS MULTIPLE CHOICE QUESTION 05\nIFRS\n\n\n

By navitha1
(106 views)

ACC 291 NEW Course Tutorial / Tutorialoutlet

ACC 291 Final Exam Study Guide\nQuestion 207\nOn January 1, a machine with a useful life of five years and a residual value of \$40,000 was purchased for \$120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?\nIFRS Multiple Choice Question 01\nAs a recent graduate of State University you\'re aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation?\nMultiple Choice Question 198\nGiven the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises.\nCash \$1,500,000\nAccounts Receivable 4,000,000\nTrademarks 1,000,000\nGoodwill 2,500,000\nResearch & Development Costs 2,000,000\nExplanation: Intangible Assets = Goodwill Trademarks = 3,500,000\n

By johnalexander150
(103 views)

ACC 291 UOP TUTORIAL / Uoptutorial

\nACC 291 week 1 Discussion Question 1\n\nACC 291 week 1 Discussion Question 2\n\nACC 291 week 2 Discussion Question 1\n\nACC 291 week 2 Discussion Question 2\n\nACC 291 week 2 Individual WileyPLUS Practice Ch 8,9,10 Quiz\n\nACC 291 Week 2 Individual\n\n• WileyPLUS Assignment Exercise E8-3\n\n• Exercise BE9-13\n\n• Exercise Do It! 9-4\n\n• Exercise E9-9\n\n• Exercise E9-10\n\n• Problem P9-5A\n\n \n\nACC 291 week 2 Learning Team\n\nWeekly Reflection\n\nACC 291 week 3 Discussion Question 1\n\nACC 291 week 3 Discussion Question 2\n\nACC 291 week 3 Individual\n\nWileyPLUS Practice Quiz Ch. 11,12\n\nACC 291 Week 3 Individual\n\nWileyPLUS Assignment\n\n• Exercise E9-7\n\n• Exercise E10-5\n\n• Exercise E10-10\n\n• Exercise E10-11\n\n• Exercise E10-15\n\n• Exercise E10-18\n\n• Problem P10-5A\n\nProblem P10-9A\n\nACC 291 week 3 Learning Team\n\nWeekly Reflection\n\nACC 291 week 4 Discussion Question 1\n\nACC 291 week 4 Discussion Question 2\n\nACC 291 week 4 Individual WileyPLUS\n\nPractice\n\nACC 291 Week 4 Individual\n\nACC 291 WileyPLUS Assignment\n\nACC 291 week 4 Learning Team\n\nWeekly Reflection\n\nACC 291 week 5 Discussion Question 1\n\nACC 291 Week 5 Individual\n\nEffect of Unethical Behavior Article Analysis\n\nACC 291 week 5 Individual\n\nWileyPLUS Assignment\n\n• Exercise E13-1\n\n• Exercise E13-8\n\n• Exercise E14-1\n\n• Problem P13-9A\n\n• Problem P13-10A\n\nProblem P14-2A\n\nACC 291 week 5 Learning Team\n\nRatio Analysis Memo\n\nACC 291 week 5 Learning Team\n\nWeekly Reflection\n\n \n

By cherry65
(113 views)

ACC 291 NEW UOP professional tutor / acc291dotcom

ACC 291 Final Exam Guide (New)\nFor more course tutorials visit\nwww.acc291.com\n\nACC 291 Final Exam Study Guide\nQuestion 207\nOn January 1, a machine with a useful life of five years and a residual value of \$40,000 was purchased for \$120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?\nIFRS Multiple Choice Question 01\nAs a recent graduate of State University you\'re aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation?\nMultiple Choice Question 198\nGiven the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises.\nCash \$1,500,000\nAccounts Receivable 4,000,000\nTrademarks 1,000,000\nGoodwill 2,500,000\nResearch & Development Costs 2,000,000\nExplanation: Intangible Assets = Goodwill Trademarks = 3,500,000\n \nMultiple Choice Question 146\nBonds with a face value of \$300,000 and a quoted price of 97¼ have a selling price of Multiple Choice Question 188 \nSparks Company received proceeds of \$423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of \$400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015?\n

By sumithswaraj13
(57 views)

ACC 291 New Academic Coach/uophelp

For more course tutorials visit\nwww.uophelp.com\n\nACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1, and BYP8-2 (New)\nACC 291 Week 2 Fordyce and Atwater (New)\nACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A (New)\nACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4 (New)\nACC 291 Week 4 Wileyplus Assignment Do It 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A (New)\nACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New)\n

By weather2
(65 views)

ACC 291 (New) In order to succeed, you must read/Uophelpdotcom

For more course tutorials visit\nwww.uophelp.com\n\n\nACC 291 Final Exam Study Guide\nQuestion 207\nOn January 1, a machine with a useful life of five years and a residual value of \$40,000 was purchased for \$120,000. What is the depreciation \n

By manchester2
(89 views)

ACC 291 Course Real Knowledge / acc291dotcom

For more course tutorials visit\nwww.acc291.com\n\nwe have another New set of Final Exam Guide which could be found on this link\n \nhttp://www.acc291.com/ACC-290/product-91-ACC-291-Final-Exam-Guide\n \n1)Hahn Company uses the percentage of sales method for recording bad debts expense

By juniors41
(83 views)

ACC 291 Course Real Tradition,Real Success / acc291dotcom

For more course tutorials visit\nwww.acc291.com\nQuestion 1 An aging of a company\'s accounts receivable indicates that \$4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a \$1,200 credit balance, the adjustment to record bad debts for the period will require a\nQuestion 2 The financial statements of the Melton Manufacturing Company reports net sales of \$300,000 and accounts receivable of \$50,000 and \$30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?\nQuestion 3 Stine Company purchased machinery with a list price of \$64,000. They were given a 10% discount by the manufacturer. They paid \$400 for shipping and sales tax of \$3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of \$20,000. If Stine uses straight-line depreciation, annual depreciation will be\n

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ACC 291 GUIDE Logical Brains / acc291guide.com

ACC 291 GUIDE is a truly special teacher is very wise and sees tomorrow in every student’s eyes

By williamtrump
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ACC 291 Course Future Starts / acc291dotcom

For more course tutorials visit\nwww.acc291.com\n\nQuestion 1 An aging of a company\'s accounts receivable indicates that \$4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a \$1,200 credit balance, the adjustment to record bad debts for the period will require a\n

By jobson84
(32 views)

ACC 291 GUIDE Success Secrets/acc291guide.com

ACC 291 GUIDE is a truly special teacher is very wise and sees tomorrow in every student’s eyes

By kelvinmanase65
(56 views)

ACC 291 New help A Guide to career/uophelp.com

For more course tutorials visit\nwww.uophelp.com\n\n\nACC 291 Final Exam Study Guide\nQuestion 207\nOn January 1, a machine with a useful life of five years and a residual value of \$40,000 was purchased for \$120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?\nIFRS Multiple Choice Question 01\nAs a recent graduate of State University you\'re aware that IFRS requires component depreciation for plant

By Banana172
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ACC 291 GUIDE Technology levels / acc291guide.com

ACC 291 GUIDE is a truly special teacher is very wise and sees tomorrow in every student’s eyes

By christoferdavid212
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ACC 291NEW Predictable World / acc291.com

is a truly special teacher is very wise and sees tomorrow in every studentâ€™s eyes

By abhila110
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ACC 291NEW Successful Learning / acc291.com

For more course tutorials visit\nwww.acc291.com\nACC 291 Final Exam Guide (New, 2017)\nACC 291 Week 1 Assignment Comparative Analysis Problem (2 Papers)\nACC 291 Week 2 Assignment Financial Reporting Problem, Apple Inc\nACC 291 Week 2 Textbook Exercise BE 8-8, E8-4, E8-14, E9-4\n

By kopiko216
(4 views)

ACC 291 GUIDE NEW Successful Learning / acc291guide.com

FOR MORE CLASSES VISIT\nwww.acc291guide.com\n\nACC 291 Final Exam Guide (New, 2017) ACC 291 Week 1 Assignment Comparative Analysis Problem (2 Papers) ACC 291 Week 2 Assignment Financial Reporting Problem,

By kopiko217
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ACC 291 GUIDE NEW a clearer path to student success / acc291guide.com

ACC 291 GUIDE NEW Providing a support to professional students

By richardasd1
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ACC 291 GENIUS New Education on your terms / acc291genius.com

is a truly special teacher is very wise and sees tomorrow in every studentâ€™s eyes

By Chandika28
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