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ACC 291 Instant Education/uophelp

ACC 291 Final Exam Study Guide<br>Question 207<br>On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?<br>IFRS Multiple Choice Question 01<br>As a recent graduate of State University you're aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation?<br>Multiple Choice Question 198<br>Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises.<br>Cash $1,500,000<br>Accounts Receivable 4,000,000<br>Trademarks 1,000,000<br>Goodwill 2,500,000<br>Research & Development Costs 2,000,000<br>Explanation: Intangible Assets = Goodwill Trademarks = 3,500,000<br> <br>Multiple Choice Question 146 <br>Bonds with a face value of $300,000 and a quoted price of 97¼ have a selling price of<br>Multiple Choice Question 188 <br>Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015?<br> <br>Multiple Choice Question <br>S. Lawyer performed legal services for E. Corp. Due to a cash shortage, an agreement was reached whereby E. Corp. would pay S. Lawyer a legal fee of approximately $15,000 by issuing 8,000 shares of its common stock (par $1). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $1.80 per share. Given this information, the best journal entry for E. Corp. to record for this transaction is<br>Multiple Choice Question 110 <br>Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to Cash for $3,000,000 and a credit or credits to<br> <br>IFRS Multiple Choice Question 01 <br>Jahnke Corporation issued 8,000 shares of €2 par value ordinary shares for €11 per share. The journal entry to record the sale will include<br>Multiple Choice Question 80 <br>Zoum Corporation had the following transactions during 2014:<br>1. Issued $125,000 of par value common stock for cash.<br>2. Recorded and paid wages expense of $60,000.<br>3. Acquired land by issuing common stock of par value $50,000.<br>4. Declared and paid a cash dividend of $10,000.<br>5. Sold a long-term investment (cost $3,000) for cash of $3,000.<br>6. Recorded cash sales of $400,000.<br>7. Bought inventory for cash of $160,000.<br>8. Acquired an investment in Zynga stock for cash of $21,000.<br>9. Converted bonds payable to common stock in the amount of $500,000.<br>10. Repaid a 6 year note payable in the amount of $220,000.<br>What is the net cash provided by financing activities?<br> <br> <br> <br>Multiple Choice Question 176 <br>Colie Company had an increase in inventory of $120,000. The cost of goods sold was $490,000. There was a $30,000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Colie's cash payme

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ACC 291 Instant Education/uophelp

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  1. ACC 291 Instant Education/uophelp For more course tutorials visit www.uophelp.com

  2. ACC 291 Instant Education/uophelp ACC 291 Final Exam Guide (New) For more course tutorials visit www.uophelp.com ACC 291 Final Exam Study Guide Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?

  3. ACC 291 Instant Education/uophelp ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1, and BYP8-2 (New) For more course tutorials visit www.uophelp.com Wiley Plus Assignment Week 1 ·E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel Exercise 8-4 Wainwright Company Exercise 8-11 Fedex Corporation Broadening your Perspective 8-1 Tootsie Roll Broadening your Perspective 8-2 Tootsie Roll and Hershey

  4. ACC 291 Instant Education/uophelp ACC 291 Week 2 Fordyce and Atwater (New) For more course tutorials visit www.uophelp.com ACC 291 Week 2 - Fordyce and Atwater P10-5A Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on December 31, 2007. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannualinstallment payments, exclusive of real estate taxes and insurance, of $29,433. Payments are due June 30 and December 31. 

  5. ACC 291 Instant Education/uophelp ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A (New) For more course tutorials visit www.uophelp.com P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A. Problem 8-3A: Bosworth Company Brief Exercise 9-11: Nike, Inc. Do It! 9-5 Exercise 9-7: Wang, Co.  Exercise 9-8: Cleand Company Broadening Your Perspective 9-1: Tootsie Roll

  6. ACC 291 Instant Education/uophelp ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4 (New) For more course tutorials visit www.uophelp.com P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4. Exercise 10-5: Olinger Company Exercise 10-8: Ortega Company Exercise 10-13: Romine Company Exercise 10-22: Cole Corporation

  7. ACC 291 Instant Education/uophelp ACC 291 Week 4 Wileyplus Assignment Do It 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A (New) For more course tutorials visit www.uophelp.com Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. Do It! 11-1 Exercise 11-5 Garcia Corporation Exercise 11-7 Pele Company Broadening Your Perspective 11-1 Tootsie Roll

  8. ACC 291 Instant Education/uophelp ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A (New) For more course tutorials visit www.uophelp.com · E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A. Exercise 7-3 Exercise 12-1 Exercise 12-8 Problem 12-9A Problem 12-10A

  9. ACC 291 Instant Education/uophelp

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