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INTERMEDIATE ACCOUNTING II - D104 WGU
Which method should be used to handle indirect costs of selfconstructed assets? Assigning no variable overhead to a constructed asset Allocating overhead on the basis of gained production Assigning a pro rata portion of all overhead to the asset Allocating the total overhead to the asset - CORRECT -Assigning a pro rata portion of all overhead to the asset A company purchases land for development into a subdivision. The land has a factory building on it that will need to be demolished. W...
- Exam (elaborations)
- • 17 pages •
Which method should be used to handle indirect costs of selfconstructed assets? Assigning no variable overhead to a constructed asset Allocating overhead on the basis of gained production Assigning a pro rata portion of all overhead to the asset Allocating the total overhead to the asset - CORRECT -Assigning a pro rata portion of all overhead to the asset A company purchases land for development into a subdivision. The land has a factory building on it that will need to be demolished. W...
WGU INTERMEDIATE ACCOUNTING II (D104) UNIT 6 STOCKHOLDERS’ EQUITY EXAM 2025 QUESTIONS AND ANSWERS
Describe the corporate form and the issuance of shares of stock 1. The corporate charter sometimes is known as (a) a. articles of incorporation. b. statement of organization. c. by-laws. d. registration statement. Ans a Accounting Rule: the corporate form of business organization begins with the submitting of articles of incorporation to the state in which incorporation is desired. Assuming the requirements are properly fulfilled, the corporation charter is issued and the corporation is recogn...
- Exam (elaborations)
- • 79 pages •
Describe the corporate form and the issuance of shares of stock 1. The corporate charter sometimes is known as (a) a. articles of incorporation. b. statement of organization. c. by-laws. d. registration statement. Ans a Accounting Rule: the corporate form of business organization begins with the submitting of articles of incorporation to the state in which incorporation is desired. Assuming the requirements are properly fulfilled, the corporation charter is issued and the corporation is recogn...
WGU INTERMEDIATE ACCOUNTING II (D104) |UNIT 7 INVENTORY Q&A 2025
The following information is available for a company that uses a specific identification inventory system: • October 1: Beginning inventory consisted of 200 units at a cost of $7.00 each. • October 7: 500 units were purchased at a cost of $8.00 each. • October 18: 250 units were sold from the October 7 purchase. • October 22: 600 units were purchased at a cost of $8.50 each. • October 24: 300 units were purchased at a cost of $9.00 each. • October 26: 350 units were sold from the O...
- Exam (elaborations)
- • 26 pages •
The following information is available for a company that uses a specific identification inventory system: • October 1: Beginning inventory consisted of 200 units at a cost of $7.00 each. • October 7: 500 units were purchased at a cost of $8.00 each. • October 18: 250 units were sold from the October 7 purchase. • October 22: 600 units were purchased at a cost of $8.50 each. • October 24: 300 units were purchased at a cost of $9.00 each. • October 26: 350 units were sold from the O...
(WESTERN GOVERNORS UNIVERSITY) D104 CD INTERMEDIATE ACCOUNTING II UNIT 5 46 QS AND ANS 2025
Practice Questions and Answers-46 Questions-Some Have Multiple Parts! Determine the nature, valuation, and reporting of current liabilities. 2. A company’s normal operating cycle is one year, and they have the following account balances taken from the trial balance: • Accounts payable: $50,000 • Accounts receivable: $25,000 • Notes payable (due in 30 months): $15,000 • Customer advances: $10,000 • Bonds payable (due in 60 months): $30,000 • Sales tax payable: $5,000 ...
- Exam (elaborations)
- • 21 pages •
Practice Questions and Answers-46 Questions-Some Have Multiple Parts! Determine the nature, valuation, and reporting of current liabilities. 2. A company’s normal operating cycle is one year, and they have the following account balances taken from the trial balance: • Accounts payable: $50,000 • Accounts receivable: $25,000 • Notes payable (due in 30 months): $15,000 • Customer advances: $10,000 • Bonds payable (due in 60 months): $30,000 • Sales tax payable: $5,000 ...
WGU D104 INTERMEDIATE ACCOUNTING II UNITS 4 -6 PRACTICE QUESTIONS AND ANSWERS
WGU D104 INTERMEDIATE ACCOUNTING II UNITS 4 -6 PRACTICE QUESTIONS AND ANSWERS
- Exam (elaborations)
- • 18 pages •
WGU D104 INTERMEDIATE ACCOUNTING II UNITS 4 -6 PRACTICE QUESTIONS AND ANSWERS
WGU D104 INTERMEDIATE ACCOUNTING II TESTS UNITS 4-6
WGU D104 Tests Units 4-6 Unit 4 Test_A 1 A company purchases an asset on April 5 of the current year. The company would like to use the depreciation policy that will result in the highest deprecation expense in the last year of its useful life. Which depreciation policy should be used? • Half-year convention Correct! Half-year convention will depreciate the asset for six months in the year of acquisition and six months in the final year of the useful life. This policy results in the hig...
- Exam (elaborations)
- • 15 pages •
WGU D104 Tests Units 4-6 Unit 4 Test_A 1 A company purchases an asset on April 5 of the current year. The company would like to use the depreciation policy that will result in the highest deprecation expense in the last year of its useful life. Which depreciation policy should be used? • Half-year convention Correct! Half-year convention will depreciate the asset for six months in the year of acquisition and six months in the final year of the useful life. This policy results in the hig...
WGU IT C299|IHP4 TASK 2 ETHICS AND CYBERSECURITY
Introduction Any organization that works with information technology must prioritize cybersecurity. Businesses are more likely to experience cybersecurity breaches as they use new technologies to enhance their operations. These breaches can have disastrous repercussions, including data loss, monetary losses, and reputational harm. Using the case study of TechFite, a made-up technology business that had a security breach, we will discuss ethical concerns in cybersecurity in this essay. We'll ...
- Case
- • 5 pages •
Introduction Any organization that works with information technology must prioritize cybersecurity. Businesses are more likely to experience cybersecurity breaches as they use new technologies to enhance their operations. These breaches can have disastrous repercussions, including data loss, monetary losses, and reputational harm. Using the case study of TechFite, a made-up technology business that had a security breach, we will discuss ethical concerns in cybersecurity in this essay. We'll ...
WGU IT CVV1 DATABASE MANAGEMENT TASK 1 2025
WGU IT CVV1 DATABASE MANAGEMENT TASK 1 2025
- Case
- • 13 pages •
WGU IT CVV1 DATABASE MANAGEMENT TASK 1 2025
WESTERN GOVERNORS UNIVERSITY IT LYT2 CURRENT AND EMERGING TECHNOLOGY TASK 3
Seabreeze: Virtualization as a New Wind In Its Sails There is no doubt that the city of Seabreeze, CA is a beautiful place to live. The location on the Pacific Coast has brought wonderful weather, a temperate climate and citizens that enjoy both aforementioned weather variables. Unfortunately, the economic climate has not been as favorable and as a result, the operating budget is feeling pressure from both the lack of discretionary income of our citizens as well as the state having to fill its ...
- Case
- • 10 pages •
Seabreeze: Virtualization as a New Wind In Its Sails There is no doubt that the city of Seabreeze, CA is a beautiful place to live. The location on the Pacific Coast has brought wonderful weather, a temperate climate and citizens that enjoy both aforementioned weather variables. Unfortunately, the economic climate has not been as favorable and as a result, the operating budget is feeling pressure from both the lack of discretionary income of our citizens as well as the state having to fill its ...
WGU D322|IT 101: INTRO TO INFORMATION TECHNOLOGY - KEY CONCEPTS & OBJECTIVES
Learning Objectives • Define information technology (IT)? • Information Technology (IT) is the technology used to create, maintain, and make information accessible using systems for information storage, retrieval, and exchange. It focuses on the technologies needed to develop, maintain, and use computer systems, software, and networks supporting the storage, processing, and distribution of information. ▪ Three components involved: (1) hardware (2) software (3) people • Information tech...
- Case
- • 50 pages •
Learning Objectives • Define information technology (IT)? • Information Technology (IT) is the technology used to create, maintain, and make information accessible using systems for information storage, retrieval, and exchange. It focuses on the technologies needed to develop, maintain, and use computer systems, software, and networks supporting the storage, processing, and distribution of information. ▪ Three components involved: (1) hardware (2) software (3) people • Information tech...