ACC 300 Final Exam

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The company position is strong enough so its better that company should use debt financing instead of equity financing.

3. On the basis of the responses to Question 1 and 2, what are the units of accounting in this arrangement?

5.    Prepare any necessary adjusting entries to reflect the Inventory count at year end. These must be hand written.

If only certain portions can be estimated, they are reported initially and as the process is completed, costs are reevaluated and reported in their current amount under liabilities. These expenses are reported in the government-wide financial statements under liabilities, as the work is completed, the liability is reduced for the dollar amount of which payments were made. The article states, “For governments that also present financial statements for governmental funds, expenditures will be reported when clean up goods and services are received.” (para. 7).

I hope you are having a great summer. I’m ready for the fall semester and working on getting all of my classes in order for this upcoming semester. My goal is get admitted at the W.P. Caret school of business, to do so I need to submit a transferred student portfolio, a resume and two recommendation letters .in the portfolio I will need to have taken specific classes I was able to finish all the needed classes with grades B and better. However, I still need to take ACC 230 OR ACC211 AND ALSO ACC 240 OR 212. They don’t have to be in succession so I enrolled in ACC 230 like I did with you last semester and would like you to approve my enrollment in ACC 212 with Rhonda Culver class number 24233 as my first preference or Andrew Hamilton ACC 240

A partnership is an arrangement between two or more groups, organizations or individuals who work together to achieve common aims or who have common interests.

Target Corporation was founded in 1902 by George Dayton, a banker and real estate investor, the original name was Dayton Dry Goods Company, later in 1911 becoming Dayton Department Store, and in 1962 becoming Target a discount chain store. Target and its iconic red bulls-eye, named because it is a marksman’s goal to hit the center mark, much as it was Target’s goal to do the same in terms of retail goods, services, community commitment, price, value, and overall experience (Target.Com, 2012). 1967 saw Target grow from a regional department store to national retailer. In 2009 Target

f) To evaluate the material misstatement in the accounts, I think both of the consolidated income statement and the three financial statements are useful. We need to use the information properly from all the financial statements. However the consolidated income statement is the most useful one. If there is a significant change in an account balance comparing with preceding two years, the auditor will examine whether there a material misstatement exists. For instance, the bad debt expense as a percent of net sales in 2011, 2010 and 2009 are 0.56%, 0.70% and 0.69%, respectively. There should

1. A liability, estimated at $157,050 at December 31, 2012, was settled on February 26, 2013, at $175,160.

| |A. |[pic]|provide feedback by comparing results with plans and by highlighting deviations from plans |

The information provided by financial accounting is used by both internal and external users use the information provided by financial accounting.

What correcting entry should you prepare? 54 A. Office Expense Accounts Payable 54 54 B. Accounts Payable Office Expense 54 28 C. Accounts Payable Office Expense 28 D. No entry is needed

b. Trace the line item “Balance per Bank Statement” – Accuracy and Existence (AU-C 315.A114 a-iii, b-i)

A partnership is a business organization where the partners own the business together and are