ACC 304 Endless Education /uophelp.com

1
ACC 304 Endless Education/Uophelp.Com
For More Course Tutorials Visit Www.Uophelp.Com
2
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Final Exam Part 1 (3 Sets) For more
course tutorials visit www.uophelp.com     This
Tutorial contains 3 Set of Finals ACC 304 Final
Exam Part 1 (3 Sets) 1 1) Swing High Inc.
offers its 100 employees to participate in an
employee share-purchase plan. Under the terms of
plan, employees are entitled to purchase 10
shares at 10 discount. The par values of shares
were 10. Overall, 60 employees accepted the
offer and each employee purchased six shares. The
market price on purchase date was 100.
3
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Final Exam Part 2 (2 Sets) For more
course tutorials visit www.uophelp.com     ACC
304 Final Exam Part 2 (2 Sets) 1 1) On
January 1, 2015, Piper Co. issued ten-year bonds
with a face value of 3,000,000 and a stated
interest rate of 10, payable semiannually on
June 30 and December 31. The bonds were sold to
yield 12. Table values are Present value of 1
for 10 periods at 10 .386
Present value of 1 for 10 periods at 12
.322 Present value of 1 for 20
periods at 5 .377
Present value of 1 for 20 periods at 6
.312
4
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 1 Chapter 8 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 1 Chapter 8 Homework 1) Matlock
Company uses a perpetual inventory system. Its
beginning inventory consists 50 units that cost
34 each. During June , (1) the company purchased
units at 34 each, (2) returned 6 units for
credit ,and (3) sold 125 unit at 50 each.
Journalize the June transactions.
5
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 2 Chapter 8 Quiz (All Possible
Questions) For more course tutorials
visit www.uophelp.com     ACC 304 Week 2 Quiz
Strayer NEW CHAPTER 8 VALUATION OF
INVENTORIESA COST-BASIS APPROACH IFRS questions
are available at the end of this chapter. TRUE
FALSEConceptual 1. A manufacturing
concern would report the cost of units only
partially processed as inventory in the balance
sheet. 2. Both merchandising and
manufacturing companies normally have multiple
inventory accounts.
6
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 2 Chapter 9 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 2 Chapter 9 Homework 1) Floyd
Corporation has the following four items in its
ending inventory. Determine the final
lower-of-cost-or-market inventory value for each
item. 2) Bell, Inc. buys 1,000 computer game
CDs from a distributor who is disconnecting those
games. The purchase price for the lot is
8,000.Bell will group the CDs into three price
categories for resale, as indicated bellow.
Determine the cost per CD for each group, using
the relative sales value method.
7
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 3 Chapter 9 Quiz (All Possible
Questions) For more course tutorials
visit www.uophelp.com     1. A company should
abandon the historical cost principle when the
future utility of the inventory item falls below
its original cost. 2. The
lower-of-cost-or-market method is used for
inventory despite being less conservative than
valuing inventory at market value. 3.
The purpose of the floor in lower-of-cost-or-mar
ket considerations is to avoid overstating
inventory.
8
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 3 Chapter 10 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 3 Homework (Chapter 10) 1)
Hanson Company is constructing a building.
Construction begins on February 1 and was
completed on December 31. Expenditure were
1,800,000 on march 1, 1,200,000 on June 1, and
3,000,000 on December 31. Compute Hansons
weighted-average accumulated expenditure for
interest capitalization purposes.
9
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 4 Chapter 10 Quiz (All Possible
Questions) For more course tutorials
visit www.uophelp.com     ACC 304 Week 4 Quiz
Strayer NEW Week 4 Quiz 3 Chapter 10
ACQUISITION AND DISPOSITION OF PROPERTY, PLANT,
AND EQUIPMENT IFRS questions are available at
the end of this chapter. TRUE-FALSEConceptual

10
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 4 Chapter 11 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 4 Chapter 11 Homework 1) Lockard
Company purchased machinery on January 1, 2014,
for 102,960. The machinery is estimated to have
a salvage value of 10,296 after a useful life of
8 years. 2) Compute 2014 depreciation
expense using the double-declining-balance method.
11
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 5 Midterm Part 1 (Set 1) For more
course tutorials visit www.uophelp.com     1.
The book value of a plant asset is 2. The
asset turnover ratio is computed by dividing 3.
On September 19, 2014, Markham Co. purchased
machinery for 285,000. Salvage value was
estimated to be 15,000. The machinery will be
depreciated over eight years using the
sum-of-the-years'-digits method. If depreciation
is computed on the basis of the nearest full
month, Markham should record depreciation expense
for 2015 on this machinery of
12
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 5 Midterm Part 1 (Set 3) For more
course tutorials visit www.uophelp.com     ACC
304 Week 5 Midterm Part 1 (Set 3) 1)
Tongas Company applies revaluation accounting to
plant assets with a carrying value of 1,600,000,
a useful life of 4 years, and no salvage value.
Depreciation is calculated on the straight-line
basis. At the end of year 1, independent
appraisers determine that the asset has a fair
value of 1,500,000. The journal entry to
adjust the plant assets to fair value and record
revaluation surplus in year one will include a
13
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 5 Midterm Part 2 For more course
tutorials visit www.uophelp.com     ACC 304 Week
5 Midterm Part 2 1) 1) A machine which
cost 300,000 is acquired on October1, 2014. Its
estimated salvage value is 30,000 and its
expected life is eight years. a)
Calculate depreciation expense for 2014 and 2015
by double-declining balance b) Calculate
depreciation expense for 2014 and 2015 by
sum-of-the-years-digits c) At the end of
2015, which method results in the larger
accumulated depreciation amount?
14
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 6 Chapter 12 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 6 Chapter 12 Homework 1) Waters
Corporation purchased Johnson Company 3 years ago
and at that time recorded goodwill of 400,000.
The Johnson Divisions net assets, including the
good well, have a carrying amount of 800,000.
The fair value of the division is estimated to be
1,000,000.prepare Waters journal entry to
record impairment of the
15
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 7 Chapter 12 Quiz (All Possible
Questions) For more course tutorials
visit www.uophelp.com     ACC 304 Week 7 Quiz
Strayer NEW Week 7 Quiz 4 Chapter 12
INTANGIBLE ASSETS IFRS questions are available
at the end of this chapter.
16
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 8 Assignment 1 Delta Airlines
Property, Plant, And Equipment For more course
tutorials visit www.uophelp.com     ACC 304 WEEK
8 ASSIGNMENT 1 DELTA AIRLINES PROPERTY, PLANT,
AND EQUIPMENT Assignment 1 Delta Airlines
Property, Plant, and Equipment Due Week 8 and
worth 200 points According to the textbook,
U.S. companies and foreign companies are affected
by deprecation rules.
17
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 8 Chapter 14 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 8 Chapter 14 Homework 1)
Teton Corporation issued 704,000 of 9 bonds on
November 1, 2014, for 745,018. The bonds were
dated November 1, 2014, and mature in 8 years,
with interest payable each May 1 and November 1.
Teton uses the effective-interest method with an
effective rate of 8. Prepare Tetons December
31, 2014, adjusting entry. (Round answers to 0
decimal places, e.g. 38,548. If no entry is
required, select "No Entry" for the account
titles and enter 0 for the amounts. Credit
account titles
18
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 9 Chapter 13 and Chapter 14 Quiz
(All Possible Questions) For more course
tutorials visit www.uophelp.com     ACC 304 Week
9 Quiz Strayer NEW Week 9 Quiz 5 Chapter 13,
Quiz 6 Chapter 14 CURRENT LIABILITIES AND
CONTINGENCIES FRS questions are available at the
end of this chapter. TRUE-FALSEConceptual
1. A zero-interest-bearing note payable that
is issued at a discount will not result in any
interest expense being recognized.
19
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 9 Chapter 15 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 9 Chapter 15 Homework 1)
Ravonette Corporation issued 375 shares of 14
par value common stock and 128 shares of 51 par
value preferred stock for a lump sum of 17,118.
The common stock has a market price of 20 per
share, and the preferred stock has a market price
of 90 per share. Prepare the journal entry to
record the issuance. (Round answers to 0 decimal
places, e.g., 1520. Credit account titles are
automatically indented when amount is entered. Do
not indent manually. If no entry is required,
select "No Entry" for the account titles and
enter 0 for the amounts.) Account Titles and
Explanation Debit Credit
20
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 10 Chapter 15 Quiz (All Possible
Questions) For more course tutorials
visit www.uophelp.com     ACC 304 Week 10 Quiz
Strayer NEW Week 10 Quiz 7 Chapter 15
STOCKHOLDERS EQUITY IFRS questions are
available at the end of this chapter.
TRUE-FALSEConceptual
21
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 304 Endless Education/Uophelp.Com
ACC 304 Week 10 Chapter 16 Homework For more
course tutorials visit www.uophelp.com     ACC
304 Week 10 Chapter 16 Homework 1)
Archer Inc. issued 4,461,300 par value, 7
convertible bonds at 99 for cash. If the bonds
had not included the conversion feature, they
would have sold for 95. Prepare the journal
entry to record the issuance of the bonds.
(Credit account titles are automatically indented
when amount is entered. Do not indent manually.
If no entry is required, select "No Entry" for
the account titles and enter 0 for the amounts.)
22
ACC 304 Endless Education/Uophelp.Com
For More Course Tutorials Visit Www.Uophelp.Com