Acct 304 Study guides, Class notes & Summaries
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![ACCT 304 Midterm Exam - Complete Questions, Answers and Instructor Explanation](/docpics/6014070f9c2c4_968085.jpg)
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ACCT 304 Midterm Exam - Complete Questions, Answers and Instructor Explanation
- Exam (elaborations) • 8 pages • 2021
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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...
![Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution](/docpics/61822fefaa2c6_1369094.jpg)
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution
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Liberty University ACCT 370 Exam 2 Complete solution 
Liberty University ACCT 370 Exam 2 Complete solution 
100% satisfied: 

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 accounting methods to recor...
![ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021; Rated 100% by other students.](/docpics/5fc6dc87790bb_900422.jpg)
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ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021; Rated 100% by other students.
- Exam (elaborations) • 14 pages • 2020
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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 relevanc...
![ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021; Rated 100% by other students.](/docpics/5fd63993ef747_911421.jpg)
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ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021; Rated 100% by other students.
- Exam (elaborations) • 13 pages • 2020
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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 2 QUIZ 1](/docpics/60141d925b711_968195.jpg)
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ACCT 304 WEEK 2 QUIZ 1
- Exam (elaborations) • 3 pages • 2021
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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...
![ACCT 304 WEEK 8 FINAL EXAM, RATED A, COMPLETE SOLUTIONS (all correct) Verified by expert tutors.](/docpics/628e986207b10_1755122.jpg)
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ACCT 304 WEEK 8 FINAL EXAM, RATED A, COMPLETE SOLUTIONS (all correct) Verified by expert tutors.
- Exam (elaborations) • 4 pages • 2022
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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...
![ACCT 304 WEEK 8 FINAL EXAM (all correct answers) Verified by expert tutors](/docpics/6013f23c43555_967988.jpg)
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ACCT 304 WEEK 8 FINAL EXAM (all correct answers) Verified by expert tutors
- Exam (elaborations) • 4 pages • 2021
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CCT 304 WK 8 FINAL EXAM. 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 update. Question 2.2. (TCO 1) The International Accounting Standards Board (Points...
![ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021 _ 3 sets ; Rated 100% by other students.](/docpics/5fc6e00d195fe_900426.jpg)
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ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021 _ 3 sets ; Rated 100% by other students.
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ACCT 304 final Exam|acct304 final exam > Latest spring 2020/2021; Rated 100% by other students.
ACCT 304 final Exam (2) complete A rated solutions/with instructors rationales; score -231 / 250 (92.4%)
ACCT 304 WEEK 8 FINAL EXAM, RATED A, COMPLETE SOLUTIONS (all correct) Verified by expert tutors.

![Exam (elaborations) ACCT 304 WEEK 8 FINAL EXAM (ACCT 304 WEEK 8 FINAL EXAM/DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.](/docpics/61111dec5c2bd_1247667.jpg)
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Exam (elaborations) ACCT 304 WEEK 8 FINAL EXAM (ACCT 304 WEEK 8 FINAL EXAM/DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.
- Exam (elaborations) • 8 pages • 2021
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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...
![Exam (elaborations) ACCT 304 WEEK 8 FINAL EXAM (ACCT 304 WEEK 8 FINAL EXAM/DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.](/docpics/60ed8ed05d800_1214789.jpg)
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Exam (elaborations) ACCT 304 WEEK 8 FINAL EXAM (ACCT 304 WEEK 8 FINAL EXAM/DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.
- Exam (elaborations) • 14 pages • 2021
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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...
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