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ACC 304 Possible Is Everything/snaptutorial.com

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1 ACC 304 Possible Is Everything/snaptutorial.com

2 ACC 304 Final Exam Part 1 (3 Sets) For more classes visit www.snaptutorial.com This Tutorial contains 3 Set of Finals ACC 304 Final Exam Part 1 (3 Sets) 1

3 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Final Exam Part 2 (2 Sets) For more classes visit www.snaptutorial.com 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

4 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 1 Chapter 8 Homework For more classes visit www.snaptutorial.com 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.

5 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 2 Chapter 8 Quiz (All Possible Questions) For more classes visit www.snaptutorial.com ACC 304 Week 2 Quiz – Strayer NEW CHAPTER 8 VALUATION OF INVENTORIES:A COST-BASIS APPROACH

6 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 2 Chapter 9 Homework For more classes visit www.snaptutorial.com 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

7 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 3 Chapter 9 Quiz (All Possible Questions) For more classes visit www.snaptutorial.com 1. A company should abandon the historical cost principle when the future utility of the inventory item falls below its original cost.

8 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 3 Chapter 10 Homework For more classes visit www.snaptutorial.com 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.

9 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 4 Chapter 10 Quiz (All Possible Questions) For more classes visit www.snaptutorial.com ACC 304 Week 4 Quiz – Strayer NEW Week 4 Quiz 3: Chapter 10

10 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 4 Chapter 11 Homework For more classes visit www.snaptutorial.com 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.

11 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 5 Midterm Part 1 (Set 1) For more classes visit www.snaptutorial.com 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

12 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 5 Midterm Part 1 (Set 2) For more classes visit www.snaptutorial.com 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?

13 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 5 Midterm Part 1 (Set 3) For more classes visit www.snaptutorial.com 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.

14 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 5 Midterm Part 2 For more classes visit www.snaptutorial.com 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

15 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 6 Chapter 12 Homework For more classes visit www.snaptutorial.com 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.pre

16 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 7 Chapter 12 Quiz (All Possible Questions) For more classes visit www.snaptutorial.com ACC 304 Week 7 Quiz – Strayer NEW Week 7 Quiz 4: Chapter 12

17 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 7 Chapter 13 Homework For more classes visit www.snaptutorial.com 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.

18 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 8 Assignment 1 Delta Airlines Property, Plant, And Equipment For more classes visit www.snaptutorial.com ACC 304 WEEK 8 ASSIGNMENT 1 DELTA AIRLINES PROPERTY, PLANT, AND EQUIPMENT Assignment 1: Delta Airlines Property, Plant, and Equipment

19 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 8 Chapter 14 Homework For more classes visit www.snaptutorial.com 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 Possible Is Everything/snaptutorial.com ACC 304 Week 9 Chapter 13 and Chapter 14 Quiz (All Possible Questions) For more classes visit www.snaptutorial.com ACC 304 Week 9 Quiz – Strayer NEW Week 9 Quiz 5: Chapter 13, Quiz 6: Chapter 14

21 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 9 Chapter 15 Homework For more classes visit www.snaptutorial.com 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.

22 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 10 Chapter 15 Quiz (All Possible Questions) For more classes visit www.snaptutorial.com 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.

23 ACC 304 Possible Is Everything/snaptutorial.com ACC 304 Week 10 Chapter 16 Homework For more classes visit www.snaptutorial.com 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.

24 ACC 304 Possible Is Everything/snaptutorial.com

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