Devry Acct 304 Final Exam-Latest 2015 October

In: Other Topics

Submitted By Durenayab
Words 1383
Pages 6
Devry ACCT 304 Final Exam-Latest 2015 October

IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-304-Final-Exam-Latest-2015-October-111325825.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM
Question
The final exam has three pages. Please be sure you complete all three pages and answer all open-ended questions completely. If space is provided for a response, you should clearly show your thought process and any necessary work you used to arrive at the answer if you wish to receive partial credit. 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 (Points : 6) predictive value. verifiability. completeness. neutrality.

Question 4.4.(TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability.

Question 5.5.(TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. crediting liabilities. debiting assets.

Question 6.6.(TCO 3) Prepayments occur when (Points : 6) cash flow precedes expense recognition. sales are delayed pending credit approval. customers are unable to pay the full amount due when goods are delivered. manufactured goods await quality control inspections.

Question 7.7.(TCO 4) An asset that is not expected to be converted…...

Similar Documents

Acct 304 Final Exam (Updated 2014) - Devry

...ACCT 304 Final Exam (Updated 2014) - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-304-Final-Exam-Updated-2014-Devry-57875875844.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 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 (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4. (TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5. (TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. crediting liabilities. debiting assets. Question 6.6. (TCO 3) Prepayments occur when (Points : 6) cash flow precedes expense recognition. sales are delayed pending credit approval. customers are unable to pay the full amount due when goods are delivered. manufactured goods await quality control inspections. ...

Words: 1323 - Pages: 6

Acct 304 Final Exam (Updated 2014) - Devry

...ACCT 304 Final Exam (Updated 2014) - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-304-Final-Exam-Updated-2014-Devry-57875875844.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 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 (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4. (TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5. (TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. crediting liabilities. debiting assets. Question 6.6. (TCO 3) Prepayments occur when (Points : 6) cash flow precedes expense recognition. sales are delayed pending credit approval. customers are unable to pay the full amount due when goods are delivered. manufactured goods await quality control inspections. ...

Words: 1323 - Pages: 6

Acct 304 Final Exam (Updated 2014) - Devry

...ACCT 304 Final Exam (Updated 2014) - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-304-Final-Exam-Updated-2014-Devry-57875875844.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 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 (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4. (TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5. (TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. crediting liabilities. debiting assets. Question 6.6. (TCO 3) Prepayments occur when (Points : 6) cash flow precedes expense recognition. sales are delayed pending credit approval. customers are unable to pay the full amount due when goods are delivered. manufactured goods await quality control inspections. ...

Words: 1323 - Pages: 6

Devry Busn 420 Final Exam-Latest October 2015

...Devry BUSN 420 Final Exam-Latest October 2015 IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-BUSN-420-Final-Exam-Latest-October-2015-4309900258.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Page 1 1.(TCO 1) As an assistant in the legal department of a major corporation, your supervisor has asked you to do some research on how various laws may be applied in an upcoming case. Your department needs to coordinate with outside counsel and wants to be up to speed on how the law works. Explain the sources of law in the American legal system. Is our civil law system more or less advantageous than the common law system? Why is it important to understand all sources of law and where to find them? Explain your answer with examples in a business context. (Points : 25) 2.(TCO 2) Given the current economic climate nationwide and locally, the state of Delmarva would like to impose a higher tax on out-of-state companies doing business in the state than it imposes on in-state companies. The reason behind the legislature’s enactment of this law is to protect the local firms from out-of-state competition because they are losing local business, which is affecting the state’s economy. Is this law legal, or is it a violation of equal protection for a state to impose? What legal standards could the court apply in evaluating the constitutionality of a law and which would apply in......

Words: 888 - Pages: 4

Devry Hist 405 Final Exam-October 2015

...Devry HIST 405 Final Exam-October 2015 IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-HIST-405-Final-Exam-October-2015-1113896.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Page 1 Question 1.1. (TCO 4) What were encomiendas? (Points : 2) Indian structures for religious ceremonies Military forts in New Spain Golden cities that the Spanish hoped to find Spanish plantations where enslaved Indians labored Type: MC Question 2.2. (TCO 1) The Jamestown colony was established by (Points : 2) a joint-stock company. religious dissenters. English missionaries. an aristocratic explorer. Type: MC Question 3.3. (TCO 4) Why did English immigration to the colonies drop dramatically after 1660? (Points : 2) The English were no longer sought after as indentured servants. The political turmoil in England kept them close to home. The English economy improved and political and religious conflict diminished. The English were opposed to the growing slave trade in the colonies. Type: MC Question 4.4. (TCO 4) What happened in the colonies as a result of the Glorious Revolution in England? (Points : 2) England adopted a policy of salutary neglect. The dominion of New England was established. England enacted the Navigation Acts. The colonies profited from the new trade regulations. Type: MC Question 5.5. (TCO 2) To protest......

Words: 1191 - Pages: 5

Devry Acct 212 Week 8 Final Exam-Latest 2015 Winters

...Devry ACCT 212 Week 8 Final Exam-Latest 2015 Winters IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-212-Week-8-Final-Exam-Latest-2015-Winters-040404445920.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question(TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. (10 points) (Points : 20) (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how the debit/credit rules are used when developing journal entries (10 points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry. (10 points)(Points : 20) (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented. (10 points) (Points : 20) (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the First in First out (FIFO) method is applied (10 points) and (2) provide an example of the impact that...

Words: 325 - Pages: 2

Devry Acct 304 Final Exam-Latest 2015 October

...Devry ACCT 304 Final Exam-Latest 2015 October IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-304-Final-Exam-Latest-2015-October-040404448.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question The final exam has three pages. Please be sure you complete all three pages and answer all open-ended questions completely. If space is provided for a response, you should clearly show your thought process and any necessary work you used to arrive at the answer if you wish to receive partial credit. 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 (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4.(TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5.(TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. ......

Words: 1383 - Pages: 6

Devry Busn 420 Final Exam-Latest October 2015

...Devry BUSN 420 Final Exam-Latest October 2015 IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-BUSN-420-Final-Exam-Latest-October-2015-09005444587.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Page 1 1.(TCO 1) As an assistant in the legal department of a major corporation, your supervisor has asked you to do some research on how various laws may be applied in an upcoming case. Your department needs to coordinate with outside counsel and wants to be up to speed on how the law works. Explain the sources of law in the American legal system. Is our civil law system more or less advantageous than the common law system? Why is it important to understand all sources of law and where to find them? Explain your answer with examples in a business context. (Points : 25) 2.(TCO 2) Given the current economic climate nationwide and locally, the state of Delmarva would like to impose a higher tax on out-of-state companies doing business in the state than it imposes on in-state companies. The reason behind the legislature’s enactment of this law is to protect the local firms from out-of-state competition because they are losing local business, which is affecting the state’s economy. Is this law legal, or is it a violation of equal protection for a state to impose? What legal standards could the court apply in evaluating the constitutionality of a law and which would apply in......

Words: 888 - Pages: 4

Acct 304 Final Exam (Updated 2014) - Devry

...ACCT 304 Final Exam (Updated 2014) - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-304-Final-Exam-Updated-2014-Devry-57875875844.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 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 (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4. (TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5. (TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. crediting liabilities. debiting assets. Question 6.6. (TCO 3) Prepayments occur when (Points : 6) cash flow precedes expense recognition. sales are delayed pending credit approval. customers are unable to pay the full amount due when goods are delivered. manufactured goods await quality control inspections. ...

Words: 1323 - Pages: 6

Devry Hist 405 Final Exam-October 2015

...Devry HIST 405 Final Exam-October 2015 IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-HIST-405-Final-Exam-October-2015-040404444.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Page 1 Question 1.1. (TCO 4) What were encomiendas? (Points : 2) Indian structures for religious ceremonies Military forts in New Spain Golden cities that the Spanish hoped to find Spanish plantations where enslaved Indians labored Type: MC Question 2.2. (TCO 1) The Jamestown colony was established by (Points : 2) a joint-stock company. religious dissenters. English missionaries. an aristocratic explorer. Type: MC Question 3.3. (TCO 4) Why did English immigration to the colonies drop dramatically after 1660? (Points : 2) The English were no longer sought after as indentured servants. The political turmoil in England kept them close to home. The English economy improved and political and religious conflict diminished. The English were opposed to the growing slave trade in the colonies. Type: MC Question 4.4. (TCO 4) What happened in the colonies as a result of the Glorious Revolution in England? (Points : 2) England adopted a policy of salutary neglect. The dominion of New England was established. England enacted the Navigation Acts. The colonies profited from the new trade regulations. Type: MC Question 5.5. (TCO 2) To protest......

Words: 1191 - Pages: 5

Devry Socs 350 Final Exam-2015 October

...Devry SOCS 350 Final Exam-2015 OCTOBER IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-SOCS-350-Final-Exam-2015-OCTOBER-04040444120.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question SOCS350 final exam age 1 Question 1.1. (TCOs 1, 2, and 8) The form of discrimination based on the belief that some group or groups are innately inferior or superior is called _____ discrimination. (Points : 5) ideological or individual gender or racial egalitarian or unequal institutionalized or structural Question 2.2. (TCOs 1, 2, and 8) A category of people distinguished by inheritable physical characteristics that sets them apart from other groups in the society is called _____. (Points : 5) an ethnic group a racial group White ethnics culturally different Question 3.3. (TCOs 3 and 4) Cultural beliefs that justify particular social arrangements, including patterns of inequality, is/are _____. (Points : 5) values norms ideology symbols Question 4.4. (TCOs 6 and 7) Intermarriage or interbreeding between persons of different racial groups is _____. (Points : 5) discrimination polygyny monogamy miscegenation Question 5.5. (TCO 8) Becoming a nurse or physician is an example of a(n) _____ status. (Points : 5) socioeconomic achieved gender ascribed Question 6.6. (TCO 8) The ability to enforce one's will on others over their resistance is the _____......

Words: 926 - Pages: 4

Devry Acct 212 Week 8 Final Exam-Latest 2015 Winters

...Devry ACCT 212 Week 8 Final Exam-Latest 2015 Winters IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-212-Week-8-Final-Exam-Latest-2015-Winters-040404445920.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question(TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. (10 points) (Points : 20) (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how the debit/credit rules are used when developing journal entries (10 points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry. (10 points)(Points : 20) (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented. (10 points) (Points : 20) (TCO 4) Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the First in First out (FIFO) method is applied (10 points) and (2) provide an example of the impact that...

Words: 325 - Pages: 2

Devry Acct 304 Final Exam-Latest 2015 October

...Devry ACCT 304 Final Exam-Latest 2015 October IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-304-Final-Exam-Latest-2015-October-040404448.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question The final exam has three pages. Please be sure you complete all three pages and answer all open-ended questions completely. If space is provided for a response, you should clearly show your thought process and any necessary work you used to arrive at the answer if you wish to receive partial credit. 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 (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4.(TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5.(TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. ......

Words: 1383 - Pages: 6

Devry Busn 420 Final Exam-Latest October 2015

...Devry BUSN 420 Final Exam-Latest October 2015 IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-BUSN-420-Final-Exam-Latest-October-2015-09005444587.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Page 1 1.(TCO 1) As an assistant in the legal department of a major corporation, your supervisor has asked you to do some research on how various laws may be applied in an upcoming case. Your department needs to coordinate with outside counsel and wants to be up to speed on how the law works. Explain the sources of law in the American legal system. Is our civil law system more or less advantageous than the common law system? Why is it important to understand all sources of law and where to find them? Explain your answer with examples in a business context. (Points : 25) 2.(TCO 2) Given the current economic climate nationwide and locally, the state of Delmarva would like to impose a higher tax on out-of-state companies doing business in the state than it imposes on in-state companies. The reason behind the legislature’s enactment of this law is to protect the local firms from out-of-state competition because they are losing local business, which is affecting the state’s economy. Is this law legal, or is it a violation of equal protection for a state to impose? What legal standards could the court apply in evaluating the constitutionality of a law and which would apply in......

Words: 888 - Pages: 4

Devry Acct 304 Entire Course-Latest 2015

...Devry ACCT 304 Entire Course-Latest 2015 (All Quizes All Discussions And Midterm) IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-304-Entire-Course-Latest-2015-748484456945.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question midterm Question 1. Question : (TCO 1) The International Accounting Standards Board: was the predecessor to the IASC. can overrule the FASB when their policies disagree. promotes the use of high-quality, understandable global accounting standards. has its headquarters in Geneva. Question 2. Question : (TCO 2) SFAC No.5 focuses on: objectives of financial reporting. qualitative characteristics of accounting information. Recognition and measurement concepts in accounting, including assumptions and principles. elements of financial statements. Question 3. Question : (TCO 3) Mary Parker Co. invested $15,000 in ABC Corporation and received capital stock in exchange. Mary Parker Co.'s journal entry to record this transaction would include a: debit to investments. credit to retained earnings. credit to capital stock. debit to expense. Question 4. Question : (TCO 3) The adjusting entry required to record accrued expenses includes: a credit to cash. a debit to an asset. a credit to an asset. a credit to liability. Question 5. Question : (TCO 3) Permanent accounts would...

Words: 2121 - Pages: 9