ACCT 304 (ACCT 304)

ACCT 304 final Exam acct304 final exam Question 1.1. (TCO 1) The SEC issues accounting standards in the form of (Points : 6) accounting research bulletins. financial reporting releases. financial accounting standards. financial technical bulletins. Question 2.2. (TCO 1) When a registrant company submits its annual filing to the SEC, it uses (Points : 6) Form 10-A. Form 10-K. Form 10-Q. Form S-1. Question 3.3. (TCO 2) The conceptual framework’s qualitative characteristic of relevance includes (...

ACCT 304 WEEK 8 FINAL EXAM, RATED A, COMPLETE SOLUTIONS (all correct) Verified by expert tutors. 1. (TCO 1) The FASB's standard-setting process includes, in the correct order, (Points : 6) exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accounting standards...

DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Student Answer: exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accountin...

WEEK 2 QUIZ 1 1. (TCO 4) Cash equivalents would not include (Points : 5) 2. (TCO 4) Rent collected in advance is (Points : 5) 1. (TCO 4) An asset that is not expected to be converted to cash or to be consumed within one year of the operating cycle is (Points : 5) 1. (TCO 4) Current assets include cash and all other assets expected to become cash or to be consumed (Points : 5) Question 2.2. (TCO 4) Which is a shareholders' equity account in the balance sheet? (Poin...

Week 8 Exam 1. Question : (TCO 1) The acquisition costs of property, plant, and equipment do not include Question 2. Question : (TCO 3) Our company exchanged land and cash of $5,000 for similar land. The book value and the fair value of the land were $90,000 and $100,000, respectively. Question 3. Question : (TCO 2) The exclusive right to display a symbol of product identification is a Question 4. Question : (TCO 4) The overriding principle for all depreciation methods is...

ACCT 304 Midterm Exam Question 1. Question : Property, plant, and equipment and intangible assets are Question 2. Question : (TCO 3) Our company exchanged land and cash of $5,000 for similar land. The book value and the fair value of the land were $90,000 and $100,000, respectively. Assuming the exchange lacks commercial substance, which amount is correct? Question 3. Question : (TCO 2) The exclusive right to benefit from a creative work, such as a film, is a Question 4...

Week 1 Quiz 1. Question : (TCO 1) The SEC issues accounting standards in the form of Question 2. Question : (TCO 2) Enhancing qualitative characteristics of accounting information includes each of the following, except Question 3. Question : (TCO 3) XYZ Corporation receives $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transaction would include a Question 4. Question : (TCO 3) Cal Farms reported a supplies expense ...

ACCT 304 final Exam acct304 final exam Question 1.1. (TCO 1) The SEC issues accounting standards in the form of (Points : 6) accounting research bulletins. financial reporting releases. financial accounting standards. financial technical bulletins. Question 2.2. (TCO 1) When a registrant company submits its annual filing to the SEC, it uses (Points : 6) Form 10-A. Form 10-K. Form 10-Q. Form S-1. Question 3.3. (TCO 2) The conceptual framework’s qualitative characteristic of relevance includes (...

ACCT 304 Final Exam Sunday, February 10:05 AM Page: 1 2 3 Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Question 2. Question : (TCO 1) When a registrant company submits its annual filing to the SEC, it uses Question 3. Question : (TCO 2) SFAC No. 5 focuses on Question 4. Question : (TCO 2) Net income equals Question 5. Question : (TCO 3) A sale on account would be recorded by debiting revenue. crediting assets. crediting liabilities. debiting...