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ACC 304 Innovative Education-snaptutorial.com ACC 304 Final Exam Part 1 (3 Sets) ACC 304 Final Exam Part 2 (2 Sets) This Tutorial contains 3 Set of Finals 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. 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:

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 1 Chapter 8 Homework ACC 304 Week 2 Chapter 8 Quiz (All Possible Questions) 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. 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 304Innovative Education-snaptutorial.com ACC 304 Week 2 Chapter 9 Homework ACC 304 Week 3 Chapter 9 Quiz (All Possible Questions) 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. 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 304Innovative Education-snaptutorial.com ACC 304 Week 3 Chapter 10 Homework ACC 304 Week 4 Chapter 10 Quiz (All Possible Questions) 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. 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 304Innovative Education-snaptutorial.com ACC 304 Week 4 Chapter 11 Homework ACC 304 Week 5 Midterm Part 1 (Set 1) 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. The book value of a plant asset is The asset turnover ratio is computed by dividing 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

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 5 Midterm Part 1 (Set 2) ACC 304 Week 5 Midterm Part 1 (Set 3) 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) 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

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 5 Midterm Part 2 ACC 304 Week 6 Chapter 12 Homework 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. 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.

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 7 Chapter 12 Quiz (All Possible Questions) ACC 304 Week 7 Chapter 13 Homework 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 ACC 304 Week 7 Chapter 13 Homework 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,

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 8 Assignment 1 Delta Airlines Property, Plant, And Equipment ACC 304 Week 8 Chapter 14 Homework 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 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

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 9 Chapter 13 and Chapter 14 Quiz (All Possible Questions) ACC 304 Week 9 Chapter 15 Homework ACC 304 Week 9 Quiz – Strayer NEW Week 9 Quiz 5: Chapter 13, Quiz 6: Chapter 14 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

ACC 304Innovative Education-snaptutorial.com ACC 304 Week 10 Chapter 15 Quiz (All Possible Questions) ACC 304 Week 10 Chapter 16 Homework ACC 304 Week 10 Quiz – Strayer NEW Week 10 Quiz 7: Chapter 15 STOCKHOLDERS’ EQUITY 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.

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