1. ACC 304 Course Experience Tradition/ snaptutorial.com

3. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Final Exam Part 1 (3 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.

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ACC 304 Final Exam Part 2 (2 Sets)
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%
Present value of 1 for 10 periods at 12%

5. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 1 Chapter 8 Homework
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.

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ACC 304 Week 2 Chapter 8 Quiz (All Possible Questions)
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
A manufacturing concern would report the cost of units only partially processed as inventory in the balance sheet.

7. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 2 Chapter 9 Homework
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.

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ACC 304 Week 3 Chapter 9 Quiz (All Possible Questions)
A company should abandon the historical cost principle when the future utility of the inventory item falls below its original cost.
The lower-of-cost-or-market method is used for inventory despite being less conservative than valuing inventory at market value.

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ACC 304 Week 3 Chapter 10 Homework
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.

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ACC 304 Week 4 Chapter 10 Quiz (All Possible Questions)
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.
TRUE-FALSE—Conceptual

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ACC 304 Week 4 Chapter 11 Homework
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.

12. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 5 Midterm Part 1 (Set 1)
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 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

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ACC 304 Week 5 Midterm Part 1 (Set 2)
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

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ACC 304 Week 5 Midterm Part 2
ACC 304 Week 5 Midterm Part 2
1) ) A machine which cost $300,000 is acquired on October1, 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

15. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 6 Chapter 12 Homework
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.

16. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 7 Chapter 12 Quiz (All Possible Questions)
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
Intangible assets derive their value from the right (claim) to receive cash in the future.

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ACC 304 Week 7 Chapter 13 Homework
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. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.

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ACC 304 Week 8 Assignment 1 Delta Airlines Property, Plant, And Equipment
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

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ACC 304 Week 8 Chapter 14 Homework
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%.

20. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 9 Chapter 13 and Chapter 14 Quiz (All Possible Questions)
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
1. A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized.

21. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 9 Chapter 15 Homework
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

22. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 10 Chapter 15 Quiz (All Possible Questions)
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
A corporation is incorporated in only one state regardless of the number of states in which it operates.

23. ACC 304 Course Experience Tradition/ snaptutorial.com
ACC 304 Week 10 Chapter 16 Homework
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.

25. ACC 304 Course Experience Tradition/ snaptutorial.com