Category Archives:
Essay Writing

ACC 561 Week 1 Assignment Brief Exercise 1-7 Indicate which statement you would examine to find each of the following items: income statement, balance sheet, retained earnings statement, or statement of cash flows.         Brief Exercise 1-8   Use the basic accounting equation to answer these questions. (     (b) The […]

ACC 561 Final Exam / 100% correct answers 1) The statement of cash flows is used for _____. A. showing the relationship of net income to changes in current assets B. determining a company s acceptable level of debt financing C. revealing commitments that may restrict future courses of action D. evaluating the creditworthiness of […]

ACC 548 Final Exam MCQ Question Bank (90 Questions) (A+ Guaranteed) 1. Under GASB rules for the financial reporting entity A.component units are included if the primary government is financially accountable for their operations B. counties are component units of the state government C. blended and discretely presented component units are to be reported in […]

ACC/548 Final Exam 21 The FASB has the authority to set accounting standards for all of the following organizations EXCEPT: educational foundations established to support a private college or university public colleges private colleges for profit proprietary schools 22 A local government was awarded a federal grant in the amount of $600,000 to provide for […]

ACC 557 Wise Company owns 30% interest in the stock of Dark Corporation. During the year, Dark pays $20,000 in dividends to Wise, and reports $200,000 in net income. Wise Company’s investment in Dark will increase Wise’s net income by On January 1, 2013, Audrey Corp. paid $800,000 for 100,000 shares of Off Company’s common […]

ACC 557 Assingment 2 decided to turn that hobby into a business but have realized that you need start-up capital from a lender or investor. To obtain funding, you need to convince a lender / investor that your business is more than a hobby. You need to demonstrate that you have a firm grasp of […]

ACC 512 ch15 Exercise 1. If the net variance of a business using standard costing is significant relevant to total production cost, the net variance should be: A. assigned to cost of goods sold. B. allocated between work in process, finished goods, and cost of goods sold. C. carried forward to the next accounting period. […]

ACC 557 WK 7 : 15 M/C QUESTIONS Week 7 Quiz Questions Multiple Choice Question 178 To qualify as natural resources in the accounting sense, assets must be A replaceable. B underground. C of a mineral nature. D physically extracted in operations. Multiple Choice Question 122 Sargent Corporation bought equipment on January 1, 2013. The […]

ACC 547 Taxation Complete Solution (attached) Javier and Anita Sanchez purchased a home on January 1, year 1 for $500,000 by paying $200,000 down and borrowing the remaining $300,000 with a 7 percent loan secured by the home.  The loan requires interest-only payments for the first five years.  The Sanchezes would itemize deductions even if […]

ACC 557 Ex 8-3 Elburn, Ex 8-5 Crawford, Ex 8-14 Lashkova, PR8-7A Derek Co. Exercise 8-3 The ledger of Elburn Company at the end of the current year shows Accounts Receivable $110,000, Sales Revenue $840,000, and Sales Returns and Allowances $28,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) […]