Acc 557 week 1 Study guides, Class notes & Summaries

ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) Wiley Plus - Graded 100%.docx ACC 557 Week 2 Chapter 2 (E2-6, E2-9, E2-11, P2-2A) Wiley Plus - Graded 100%.docx ACC 557 Week 2 Chapter 3 (E3-6, E3-7, E3-11, P3-2A) Wiley Plus - Graded 100%.docx ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13, P4-4A) Wiley Plus - Graded 100%.doc ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A) Wiley Plus - Graded 100%.doc ACC 557 Week 5 Chapter 7 (E7-5 E7-7 E7-14 P7-3A) Wiley Plus - Graded 100%.doc ACC 557 We...

ACC 557 Week 5, Quiz - Graded 100% Latest V 1. Cost of goods sold is determined only at the end of the accounting period in A). neither a perpetual nor a periodic inventory system. B). a perpetual inventory system. C). a periodic inventory system. D). both a perpetual and a periodic inventory system 2. A sales invoice is a source document that A). provides evidence of incurred operating expenses. B). provides evidence of credit sales. C). serves only as a customer receipt. D). provides...

ACC 557 Week 9, Quiz - Graded 100% Latest V 1. Eck Corporation sells 250 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $25 a share. Eck sold the shares for $40 a share. The entry to record the sale is A). Cash 10,000 Gain on Sale of Stock Investments 3,750 Stock Investments 6,250 B). Stock Investments 10,000 Cash 10,000 C). Cash 10,000 Stock Investments 10,000 D). Cash ...

ACC 557 Week 6, Quiz - Graded 100% Latest V 1. A bank statement A). is a bill from the bank for services rendered. B). is a credit reference letter written by the depositor's bank. C). shows the activity which increased or decreased the depositor's account balance. D). lets a depositor know the financial position of the bank as of a certain date. 2. The principles of internal control activities are used in the A). internationally but not in the U.S. B). in the U.S. and Canada but not g...

ACC 557 Week 3, Quiz - Graded 100% Latest V 1. Transactions in a journal are recorded in A). alphabetical order. B). dollar amount order. C). chronological order. D). account number order. 2. In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $600. The cash account has a(n) A). $300 credit balance. B). $900 debit balance. C). $600 credit balance. D). $300 debit balance...

ACC 557 Week 7 Quiz - Graded 100% Latest V 1. A company has the following assets: Buildings and Equipment, less accumulated depreciation of $2,000,000 $ 7,600,000 Copyrights 960,000 Patents 4,000,000 Timberlands, less accumulated depletion of $2,800,000 4,800,000 The total amount reported under Property, Plant, and Equipment would be A). $16,400,000. B). $13,360,000. C). $12,400,000. D). $17,360,000. 2. Expenditures that maintain the operating efficiency and expected productive life o...