COMPLETE COURSE ACCT304 COMPLETE COURSE
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Wednesday, 4 November 2015

COMPLETE COURSE ACCT304 COMPLETE COURSE

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ACCT 304 Week 1 Homework Assignments
Chapter 1: E 1-7 , Research Case 1-4
Chapter 2: E 2-4, E 2-8, E 2-12

ACCT 304 Week 2 Homework Assignments

Exercise 3-2, 3-3, 3-4


ACCT 304 Week 3 Homework Assignments

Exercise 4-1, Exercise 4-3, Exercise 4-14, Exercise 4-15, Exercise 4-16

ACCT 304 Week 4 Homework Assignments

Exercise 5-8, 6-1, 6-3

ACCT 304 Week 5 Homework Assignments

Exercise 7-1, 7-5, 7-8, 7-28, 7-29

ACCT 304 Week 6 Homework Assignments

Exercise E 8-1, 8-9, 8-13

ACCT 304 Week 7 Homework Assignments

Exercises 9-1, 9-8, 9-13, 9-26

ACCT 304 Week 1 Quiz

1. (TCO 1) Which of the following was the first private sector entity that set accounting standards in the United States?
2. (TCO 2) The enhancing qualitative characteristic of understandability means that information should be understood by
3. (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
4. (TCO 3) Cal Farms reported a supplies expense of $2,000,000 this year. The supplies account decreased by $200,000 during the year to an ending balance of $400,000. What was the cost of supplies Cal Farms purchased during the year?
5. (TCO 3) Temporary accounts would not include

ACCT 304 Week 2 Quiz

1. (TCO 4) Current assets include cash and all other assets expected to become cash or be consumed
2. (TCO 4) Rent collected in advance is
3. (TCO 4) Janson Corporation Co.'s trial balance included the following account balances at December 31, 2011:
What amount should be included in the current liability section of Janson's December 31, 2011 balance sheet?
4. (TCO 4) Which of the following would be disclosed in the summary of significant accounting policies disclosure note?
5. (TCO 4) Below is the partial balance sheet ($ in thousands) for Paisano Seafood Inc.

ACCT 304 Week 3 Quiz

1. (TCO 5) Popson Inc. incurred a material loss that was not unusual in character, but was clearly an infrequent occurrence. This loss should be reported as
2. (TCO 5) Provincial Inc. reported the following before-tax income statement items:
Operations income: $600,000Extraordinary loss: $ 100,000
Extraordinary gain: $60,000 

Provincial has a 30% income tax rate.
Provincial would report the following amount of income tax expense as a separate item in the income statement
3. (TCO 5) The financial statement presentation of a change in depreciation method is most similar to that of reporting
4. (TCO 5) Cash flows from financing activities include
5. (TCO 5) Review Rowdy's Restaurants cash flow (in millions):

ACCT 304 Week 4 Quiz
1. (TCO 5) Slick's Used Cars sells pre-owned cars on an installment basis and carries its own notes because its customers typically cannot qualify for a bank loan. Default rates tend to be high or unpredictable. However, in the event of nonpayment, Slick's can usually repossess the cars without loss. The revenue method Slick would use is the
2. (TCO 5) On December 15, 2011, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal annual installments, payable on December 15, 2012 and December 15, 2013. Ignore interest charges. Rigsby has a December 31 year-end.
In 2012, Rigsby would recognize the realized gross profit of
3. (TCO 6) Present and future value tables of $1 at 3% are presented below:
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $50,000 5 years from now. How much must Carol deposit to accomplish her goal?
4. (TCO 6) Sondra deposits $2,000 in an IRA account on April 15, 2011. Assume the account will earn 3% annually. If she repeats this for the next 9 years, how much will she have on deposit on April 14, 2020?
5. (TCO 6) Micro Brewery borrows $300,000 to be paid off in 3 years. The loan payments are semiannual, with the first payment due in 6 months, and interest is at 6%. What is the amount of each payment?
ACCT 304 Week 4 Midterm
1. (TCO 1) Which of the following has the authority to set accounting standards in the United States?
2. (TCO 2) The conceptual framework's qualitative characteristic of faithful representation includes:
3. (TCO 3) A sale on account would be recorded by:
4. (TCO 3) When a tenant makes an end-of-period adjusting entry credit to the "Prepaid rent" account:
5. (TCO 3) Permanent accounts would not include:
6. (TCO 4) Noncurrent assets include:
7. (TCO 4) The acid-test ratio is also known as the:
8. (TCO 5) Popson Inc. incurred a material loss which was not unusual in character, but was clearly an infrequent occurrence. This loss should be reported as:
9. (TCO 5) On June 1, 2013, Romano Inc. changed the estimated useful life of its office equipment from 20 to 12 years. This change would be accounted for:
10. (TCO 5) In the operating activities section of the statement of cash flows, we start with net income:
11. (TCO 5) The Maytag Corporation's income statement includes income from continuing operations, a loss from discontinued operations, and extraordinary items. Earnings per share information would be provided for:
12. (TCO 5) Expenses in an income statement prepared under International Financial Reporting Standards:
13. (TCO 4) The balance sheet reports:
14. (TCO 4) Which of the following groups is not among the external users for whom financial statements are prepared?
1. (TCO 5) What would be Misty's net income for the current year?
2. (TCO 4) Listed below are account balances (in $millions) taken from the records of Symphony Stores. All of these are permanent accounts, except the last two that have yet to be closed. The installment receivables are current. Symphony uses
1. (TCO 4) Briefly explain the purpose of the disclosure note on significant accounting policies. Provide two examples of what might be found in this note.
2. (TCO 2) What is the SEC and how is it involved with accounting standard setting?
3. (TCO 5) Give an example of a non-cash financing and investing activity and explain when and how it would be reported in the financial statements
4. (TCO 3) Describe what is meant by unearned revenues and give two examples

ACCT 304 Week 4 Midterm Set 2
1. (TCO 1) One of the implications of technology in HRM is
2. (TCO 1) All of these are workforce diversity characteristics, except
3. (TCO 2) A small distribution organization uses a payroll company to provide employee compensation services and keep timesheet records and employee attendance history. This situation is an example of
4. (TCO 2) A large manufacturing organization with 20 geographically dispersed production facilities recently cut its HRM staff by 60%. Each site has a few generalists, but specialist needs in recruiting and selection planning, employment law, training, and benefits administration have been consolidated into one location. This situation is an example of
5. (TCO 3) A company used a personality test to select job candidates for customer service positions. There were 40 male candidates and 20 female candidates. It appeared that 30 men passed the personality test, and five women passed the personality test. Was there evidence of disparate impact against female candidates with this personality test?
6. (TCO 3) Under Title VII, the first measure of determining potentially discriminatory practices is
7. (TCO 3) Which of the following laws extended leave for family matters?
8. (TCO 4) Sharon, vice president of human resources for a large textile firm, is in a strategic restructuring meeting. The discussion topics include which one of the three production facilities to close. There are 40 employees at each of the facilities. When asked, "What should we tell the employees?" Sharon responds
9. (TCO 5) Leona has gathered job analysis data with a structured questionnaire for managerial jobs in remote locations of her firm. Exit interviews have produced comments such as, "You should have told me what was really expected." She wants to use an additional collection technique to avoid misrepresentation in job descriptions. Leona's boss told her, "Be thorough. Job analysis time and cost are nothing compared to the cost of replacing these managers." Which method should she use?
10. (TCO 4) Which of the following is not one of the guidelines for administering discipline?
11. (TCO 5) This job analysis method requires job incumbents to record their daily activities.
12. (TCO 5) Where does job analysis occur in the strategic planning process?
13. (TCO 6) Jane is the director of recruiting for a large corporation. Which of the following is a warning signal that her efforts are not effective?
14. (TCO 6) A benefit of a good recruiting program is indicated by which of the following?
15. (TCO 6) What is the difference between a conditional job offer and a permanent job offer?
16. (TCO 6) Which of the following is an individual who is recruited as an alternative to do specific work at a location on or off the company's premises?
17. (TCO 7) In the selection process, the employment testing should occur after
18. (TCO 7) Why are performance simulation tests used more often today instead of written tests in the selection process?
19. (TCO 7) Application forms typically include all of the following except
20. (TCO 8) Which is not an on-the-job training method?
21. (TCO 8) What is an employee development method that involves exercises such as case studies, decision games, and role plays?
22. (TCO 8) Shannon is in line for a senior vice president position at a large hotel conglomerate. She has just received a letter appointing her to the national environmental task force for water and electricity conservation
23. (TCO 9) Hector is a research scientist in a large company. He refuses to go to staff meetings but volunteers to attend conventions where he receives recognition for his accomplishments. He holds 17 patents (more than two for each year he has been with his company, and they are proudly displayed on his office wall), but will not work with his manager on quarterly goals. What is Hector's Holland vocational preferences type?
24. (TCO 9) Career stages are important to employee development. The traditional stages are
25. (TCO 9) Melissa prefers solitary work to large groups, asking questions rather than answering them, and making her own rules instead of following others. What Holland vocational preference model best
(TCO 3) Explain the role of EEOC
(TCO 7) You are trying to get a job as a recruiter for an HR department for a large, multinational company. One of the questions you are asked in your interview is to describe the following types of recruiting methods, explain when you would most likely use each of them (i.e., what kind of jobs), and why (at least one reason each.) What would you say if the methods were online recruiting, career fairs, and employment agencies?
(TCO 8) You have just been promoted at the BBB Company and now have the responsibility of the employee orientation program. What components should be covered in the program? Explain what would be covered in your employee orientation program.
ACCT 304 Week 5 Quiz
1. (TCO 7) Cash may not include
2. (TCO 7) On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses the gross method of accounting for cash discounts. What is the correct entry for Flores on November 10?
3. (TCO 7) Which of the following does not change the balance in accounts receivable?
4. (TCO 7) Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750, and the bank balance on the bank statement was $2,980. Outstanding checks totaled $680, and deposits in transit were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance is
5. (TCO 7) At January 1, 2011, Farley Co. had a credit balance of $520,000 in its allowance for uncollectible accounts. Based on past experience, 2% of Farley's credit sales have been uncollectible. During 2011, Farley wrote off $650,000 to accounts receivable. Credit sales for 2011 were $18,000,000. In its December 31, 2011 balance sheet, what amount should Farley report as allowance for uncollectible accounts?
ACCT 304 All 7 Weeks Discussions
ACCT 304 Week 1 DQ 1 Development of Accounting Standards
ACCT 304 Week 1 DQ 2 Accounting Conceptual Framework
ACCT 304 Week 2 DQ 1 Balance Sheet- Purpose and Uses
ACCT 304 Week 2 DQ 2 Disclosure Notes
ACCT 304 Week 3 DQ 1 Income Statement
ACCT 304 Week 3 DQ 2 Cash-Flow Statement
ACCT 304 Week 4 DQ 1 Revenue Recognition
ACCT 304 Week 4 DQ 2 Time Value of Money Concepts
ACCT 304 Week 5 DQ 1 Cash
ACCT 304 Week 5 DQ 2 Receivables
ACCT 304 Week 6 DQ 1 Inventory Classification and Systems
ACCT 304 Week 6 DQ 2 Inventoriable Costs Cost-Flow Assumptions
ACCT 304 Entire Course + Final Exam
ACCT 304 Week 1 DQ 1 Development of Accounting Standards
ACCT 304 Week 1 DQ 2 Accounting Conceptual Framework
ACCT 304 Week 1 Homework Assignments.xlsx
ACCT 304 Week 1 Quiz
ACCT 304 Week 2 DQ 1 Balance Sheet- Purpose and Uses
ACCT 304 Week 2 DQ 2 Disclosure Notes
ACCT 304 Week 2 Homework Assignments.xls
ACCT 304 Week 2 Quiz
ACCT 304 Week 3 DQ 1 Income Statement
ACCT 304 Week 3 DQ 2 Cash-Flow Statement
ACCT 304 Week 3 Homework Assignments.xls
ACCT 304 Week 3 Quiz
ACCT 304 Week 4 DQ 1 Revenue Recognition
ACCT 304 Week 4 DQ 2 Time Value of Money Concepts
ACCT 304 Week 4 Homework Assignments.xlsx
ACCT 304 Week 4 Midterm
ACCT 304 Week 4 Midterm Set 2.docx
ACCT 304 Week 4 Quiz
ACCT 304 Week 5 DQ 1 Cash
ACCT 304 Week 5 DQ 2 Receivables
ACCT 304 Week 5 Homework Assignments.xls
ACCT 304 Week 5 Quiz
ACCT 304 Week 6 DQ 1 Inventory Classification and Systems
ACCT 304 Week 6 DQ 2 Inventoriable Costs Cost-Flow Assumptions
ACCT 304 Week 6 Homework Assignments.xls
ACCT 304 Week 7 Homework.xls
ACCT 304 Week 8 Final Exam.docx

ACCT 304 COMPLETE COURSE ACCT304 COMPLETE COURSE
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