ACC 304 Possible Is Everything--snaptutorial

ACC 304 Final Exam Part 1 (3 Sets)For more classes visit 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. What is the compensation expense recorded by Swing High Inc.?

ACC 304 Week 1 Chapter 8 Homework For more classes visit 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.2) Amsterdam Company uses a periodic inventory system. For April, When the company sold 600 units, The following information is available. calculate weighted average cost per unit.3) Arna, Inc. uses the dollar value LIFO method of computing its inventory. Data for the past 3 year follow. Compute the value of the 2014 and 2015 inventories using the dollar-value LIFE method.4) Craig Company asks you to review its December 31, 2014, inventory values and prepare the necessary adjustments to the book. The following information is given to u. determine the proper inventory balance for Craig Company at December 31, 2014.5) Prepare any correcting entries to adjust inventory to its proper amount at December 31, 2014. Assume the books have not been closed.6) The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated below. Prepare work sheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors.7) Presented below the information related to Dino Radja Company. Compute the ending inventory for Dino Radja Company for 2011 throw 2016 using the Dollar value LIFO method.8) Under IFRS, an entity should initially recognize inventory when9) With respect to accounting of inventories, which of the following is a difference that exists for IFRS, as opposed to U.S GAAP?10) Some of the transactions of Torres Company during August are listed below. Torres uses the periodic inventory method.

ACC 304 Week 2 Chapter 9 Homework For more classes visit 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.3) Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 t retail. Net purchase were $12,000 at cost and $17,000 at retail. Net markups were $10,000; net markdowns were $7,000; and sales revenue was $147,000.compute ending inventory at cost using the conventional retail method.

ACC 304 Week 3 Chapter 10 Homework For more classes visit 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 Hanson’s weighted-average accumulated expenditure for interest capitalization purposes.

ACC 304 Week 4 Chapter 11 HomeworkFor more classes visit 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. 3) Compute 2014 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2014.