1. ACC 304 Education for Service-- tutorialrank.com

2. ACC 304 Final Exam Part 1 (3 Sets) For more course tutorials visit www.tutorialrank.com 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.

3. ACC 304 Education for Service-- tutorialrank.com ACC 304 Final Exam Part 2 (2 Sets) For more course tutorials visit www.tutorialrank.com 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:

4. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 1 Chapter 8 Homework For more course tutorials visit www.tutorialrank.com 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 J

5. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 2 Chapter 8 Quiz (All Possible Questions) For more course tutorials visit www.tutorialrank.com 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

6. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 2 Chapter 9 Homework For more course tutorials visit www.tutorialrank.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.

7. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 3 Chapter 9 Quiz (All Possible Questions) For more course tutorials visit www.tutorialrank.com 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.

8. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 3 Chapter 10 Homework For more course tutorials visit www.tutorialrank.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

9. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 4 Chapter 10 Quiz (All Possible Questions) For more course tutorials visit www.tutorialrank.com 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

10. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 4 Chapter 11 Homework For more course tutorials visit www.tutorialrank.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 d

11. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 5 Midterm Part 1 (Set 1) For more course tutorials visit www.tutorialrank.com The book value of a plant asset is The asset turnover ratio is computed by divid

12. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 5 Midterm Part 1 (Set 2) For more course tutorials visit www.tutorialrank.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

13. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 5 Midterm Part 1 (Set 3) For more course tutorials visit www.tutorialrank.com 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 h

14. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 5 Midterm Part 2 For more course tutorials visit www.tutorialrank.com 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 Education for Service-- tutorialrank.com ACC 304 Week 6 Chapter 12 Homework For more course tutorials visit www.tutorialrank.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.prepare Water’s journal entry to record impairment of the goodwill.

16. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 7 Chapter 12 Quiz (All Possible Questions) For more course tutorials visit www.tutorialrank.com 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. 2. Internally created intangibles are

17. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 7 Chapter 13 Homework For more course tutorials visit www.tutorialrank.com 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

18. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 8 Assignment 1 Delta Airlines Property, Plant, And Equipment For more course tutorials visit www.tutorialrank.com 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

19. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 8 Chapter 14 Homework For more course tutorials visit www.tutorialrank.com 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 Education for Service-- tutorialrank.com ACC 304 Week 9 Chapter 13 and Chapter 14 Quiz (All Possible Questions) For more course tutorials visit www.tutorialrank.com ACC 304 Week 9 Quiz – Strayer NEW Week 9 Quiz 5: Chapter 13, Quiz 6: Chapter 14

21. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 9 Chapter 15 Homework For more course tutorials visit www.tutorialrank.com 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 Education for Service-- tutorialrank.com ACC 304 Week 10 Chapter 15 Quiz (All Possible Questions) For more course tutorials visit www.tutorialrank.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. TRUE-FALSE—Conceptual 1. A corporation is incorporated in only one state regardless of the number of states in which it operates.

23. ACC 304 Education for Service-- tutorialrank.com ACC 304 Week 10 Chapter 16 Homework For more course tutorials visit www.tutorialrank.com 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 Education for Service-- tutorialrank.com