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Essay Writing

1. T/F The two accounts affected by the adjustment for insurance are prepaid insurance and insurance… 2. T/F The two accounts affected by the adjustment for supplies are supplies and supplies expense. 3. T/F The work sheer is a temporary accounting form and can be prepared in pencil. 4. A net loss results when the […]

#9 The current sections of May Inc.’s balance sheets at December 31, 2013 and 2014, are… #9The current sections of May Inc.’s balance sheets at December 31, 2013 and 2014, are presented here. May’s net income for 2014 was $203,000. Depreciation expense was $25,000. 2014 2013 Current assets Cash $115,000 $99,000 Accounts receivable 105,000 89,000 […]

ACC 423 Final Exam / 100% correct answers 1) Proceeds from an issue of debt securities having stock warrants should NOT be allocated between debt and equity features when A. the allocation would result in a discount on the debt security B. the warrants issued with the debt securities are nondetachable C. exercise of the […]

ACC-422-week-2-DQs Should companies manage fixed assets with the same level of rigor as inventory? Why or why not?     ACC/422 Week 2 DQ 2   What are the criteria for capitalization of fixed assets?   What items are included in the cost of a fixed asset?   Should interest be included in the cost […]

ACC 561 Final Exam MCQ Solution (Latest Version_100% correct) Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?   Harder to transfer ownership. Lower taxes. Most common form of organization. Reduced legal liability for investors.     Multiple Choice Question 64 The group of users of accounting information charged […]

1. Village Company’s selected cost data for 2012 are shown below: 1. Village Company’s selected cost data for 2012 are shown below:   Cost of goods manufactured $145,200 Work in process inventory, Jan. 1, 2012 18,500 Work in process inventory, Dec. 31, 2012 22,500 Direct materials used 15,800 What are total manufacturing costs incurred by […]

1. There are three (and only three) paths through a network (project), each with a probability of a. S-a-b-F P1(b. S- d-e-F P2(c. S- g-h-F P3(If the tasks are independent, what is the probability of the network being completed within 24 months? Note: S is the start node, F is the finish node. 2. You […]

ACC 547 Final Exam / 100% correct answers 1) A family with $45,000 in assets and $22,000 of liabilities would have a net worth of A. $67,000 B. $45,000 C. $22,000 D. $23,000 2) A budget deficit would result when a person’s or family’s A. assets exceed liabilities B. net worth decreases C. actual expenses […]

ACC 547 Finals Paper Questions (A+ Work) 1) A family with $45,000 in assets and $22,000 of liabilities would have a net worth of 2) A budget deficit would result when a person’s or family’s 3) The payment items that should be budgeted first are 4) Which of the following statements regarding tax credits is […]

ACC 543 Mid Term Exam (Managerial Accounting) 1) An investment that costs $25,000 will produce annual cash flows of $5,000 for a period of 6 years. Further, the investment has an expected salvage value of $3,000. Given a desired rate of return of 12%, the investment will generate a (round your answer to the nearest […]