ACC 304 Competitive Success--tutorialrank.com

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ACC 304 Competitive Success/tutorialrank.com
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Final Exam Part 1 (3 Sets)  For more
course tutorials visit www.tutorialrank.com   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.
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Final Exam Part 2 (2 Sets)  For more
course tutorials visit www.tutorialrank.com     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  
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 1 Chapter 8 Homework For more course
tutorials visit www.tutorialrank.com     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 J
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 2 Chapter 8 Quiz (All Possible
Questions)  For more course tutorials
visit www.tutorialrank.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
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 2 Chapter 9 Homework For more course
tutorials visit www.tutorialrank.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.  
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 3 Chapter 9 Quiz (All Possible
Questions)  For more course tutorials
visit www.tutorialrank.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.
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 3 Chapter 10 Homework For more
course tutorials visit www.tutorialrank.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
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 4 Chapter 10 Quiz (All Possible
Questions)  For more course tutorials
visit www.tutorialrank.com   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-FALSEC
onceptual
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 4 Chapter 11 Homework For more
course tutorials visit www.tutorialrank.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 d
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 5 Midterm Part 1 (Set 1)  For more
course tutorials visit www.tutorialrank.com   The
book value of a plant asset is The asset
turnover ratio is computed by divid
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 5 Midterm Part 1 (Set 2)  For more
course tutorials visit www.tutorialrank.com   Mult
iple Choice Question 90   If Labor, Inc. uses the
composite method and its composite rate is 7.5
per year, what entry should it make when plant
assets that originally cost 80,000 and have been
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 5 Midterm Part 1 (Set 3)  For more
course tutorials visit www.tutorialrank.com   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 h
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 5 Midterm Part 2  For more course
tutorials visit www.tutorialrank.com   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  
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 6 Chapter 12 Homework For more
course tutorials visit www.tutorialrank.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 goodwill.
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 7 Chapter 12 Quiz (All Possible
Questions)  For more course tutorials
visit www.tutorialrank.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. TRUE-FALSEConceptual
1. Intangible assets derive their value from
the right (claim) to receive cash in the future.
2. Internally created intangibles are
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 7 Chapter 13 Homework  For more
course tutorials visit www.tutorialrank.com     1)
Takemoto Corporation borrowed 64,850 on
November 1, 2014, by signing a 68,450, 3-month,
zero-interest-bearing note. Prepare Takemotos
November 1, 2014, entry the December 31, 2014,
annual adjusting entry and the February 1, 2015
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 8 Assignment 1 Delta Airlines
Property, Plant, And Equipment For more course
tutorials visit www.tutorialrank.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
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 8 Chapter 14 Homework For more
course tutorials visit www.tutorialrank.com   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.  
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 9 Chapter 13 and Chapter 14 Quiz
(All Possible Questions)  For more course
tutorials visit www.tutorialrank.com    ACC 304
Week 9 Quiz Strayer NEW    Week 9 Quiz 5
Chapter 13, Quiz 6 Chapter 14  
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 9 Chapter 15 Homework  For more
course tutorials visit www.tutorialrank.com     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.
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 10 Chapter 15 Quiz (All Possible
Questions)  For more course tutorials
visit www.tutorialrank.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-FALSEC
onceptual 1. A corporation is
incorporated in only one state regardless of the
number of states in which it operates.
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ACC 304 Competitive Success/tutorialrank.com
ACC 304 Week 10 Chapter 16 Homework For more
course tutorials visit www.tutorialrank.com   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.
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ACC 304 Competitive Success/tutorialrank.com