Acct 370 Study guides, Class notes & Summaries
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Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution.
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Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution. Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution.
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ACCT 370 Advance Auto Parts Financial Analysis
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ECON/FINA 365 FINANCE SPRING 2020 
- 1 - 
INSTRUCTOR: Dr. T. Shawn Strother, CFA TA: Joanne Xu 
OFFICE: COB 425-E EMAIL: 
PHONE: 472-2329 
OFFICE HOURS: MW 2:00pm-3:15pm and TR 2:00pm-3:15pm, meeting or Zoom 
ZOOM: 
TWITTER: @ShawnStrother1 
LinkedIn: 
EMAIL: 
SECTIONS: 001: 12:30pm-1:45pm, MW, HLH 018 (Approx. ENRL. 80) Top Hat code: 
 Bloomberg Class BMC Code: GV7MFH2PX3 
002: 3:30pm-4:45pm, MW, HLH 018 (Approx. ENRL. 80) Top Hat code: 
 Bloomberg Class BMC Code: YZGKLBT4W2 
COURSE OBJECTI...
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Exam (elaborations) Liberty University ACCT 370 Quiz 1 Power answer
- Exam (elaborations) • 46 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Quiz 1 Power answer 
Liberty University ACCT 370 Quiz 1 Power answer 
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When adjusting accrual earnings to obtain cash flows from operations, an increase in 
Prepaid Rent Expense is subtracted to arrive at cash flow from operations. 
The Barden Company provides the following trial balance as of December 
31, 20X1. 
Debit Credit 
Cash and cash equivalents $345,000 
Accounts receivable 115,000 
Inventory 120,000 
Prepaid insurance 7,50...
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Exam (elaborations) Liberty University ACCT 370 Quiz 4 Power answer
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Exam (elaborations) Liberty University ACCT 370 Quiz 4 Power answer 
Liberty University ACCT 370 Quiz 4 Power answer 
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Yanita Company, an IFRS reporting firm, has three bank accounts. The 
respective account balances are as follows: 
Account 1: $50,000; Account 2: $70,000; Account 3: $(10,000). 
Consistent with IFRS, cash and cash equivalents are equal to: 
Madrid Incorporated’s 20X1 income statement reported income tax expense of $635,375. 
During 20X1, Madrid’s income taxes...
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Exam (elaborations) Liberty University ACCT 370 Exam 3 Complete solution
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Liberty University ACCT 370 Exam 3 Complete solution 
Liberty University ACCT 370 Exam 3 Complete solution 
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solutions 
1. Under IFRS, deferred taxes: 
2. Which of the following items used for resolving intra-firm comparisons 
is not generally disclosed? 
3. Which of the following does not properly describe the presentation by the lessor 
under ASC 842? 
4. Which of the following statements is correct with respect to the use of fair value 
accounting for liabilities under IFRS?...
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Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution
- Exam (elaborations) • 196 pages • 2021
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Liberty University ACCT 370 Exam 1 Complete solution 
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solutions 
1. 1. 2. A 3-for-1 stock split will reduce the per share par value and will 3. 4. 
5. 2. 6. accounting errors or irregularities can occur for what reason? 7. 8. 
9. 3. 
10. Accrual accounting net income can differ from operating cash flows for 
all of the following reasons except: 
A) future pension and healthcare benefits. 
B) estimates of uncollectible accou...
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution 
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solutions 
1. The Common Stock account is reported on the balance sheet at the: 
2. The time that the performance obligation is satisfied for revenue recognition is 
usually: 
3. When reporting a change in an accounting principle, the general rule requires that 
the current year’s income from continuing operations reflect: 
4. Using the same account...
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Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution
- Exam (elaborations) • 196 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution 
Liberty University ACCT 370 Exam 1 Complete solution 
100% satisfied: 

solutions 
1. 1. 2. A 3-for-1 stock split will reduce the per share par value and will 3. 4. 
5. 2. 6. accounting errors or irregularities can occur for what reason? 7. 8. 
9. 3. 
10. Accrual accounting net income can differ from operating cash flows for 
all of the following reasons except: 
A) future pension and healthcare benefits. 
B) estimates of...
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ACCT 212 Exam 1- Questions and Answers; Liberty University
- Exam (elaborations) • 21 pages • 2020
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ACCT 212 Exam 1- Questions and Answers; Liberty University/ACCT 212 Exam 1- Questions and Answers; Liberty University/ACCT 212 Exam 1- Questions and Answers; Liberty University

Question 1
Craigmont Company's direct materials costs are $3,400,000, its direct labor costs total $7,360,000, and its factory overhead costs total $5,360,000. Its conversion costs total:

Question 2

Current information for the Healey Company follows:

All raw materials used were traceable to specific units of product. ...
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test bank acct-370-exam-4-complete-solution
- Exam (elaborations) • 315 pages • 2021
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test bank acct-370-exam-4-complete-solution 
test bank acct-370-exam-4-complete-solution 
test bank acct-370-exam-4-complete-solution