Acct 350 - Study guides, Class notes & Summaries
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ACCT 350 Final Exams Frequently Asked Questions( All correctly Answered).
- Exam (elaborations) • 95 pages • 2022
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ACCT 350 Final Exams Frequently Asked Questions( All correctly Answered).
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ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505)
- Exam (elaborations) • 22 pages • 2021
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Exam (elaborations) ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505) 
ALL AC505 Week 4 Midterm 
SET 1 
QUESTION 1: 
Wages paid to a timekeeper in a factory are a: 
 Prime Cost YES.....Conversion Cost NO 
 Prime Cost YES.....Conversion Cost YES 
 Prime Cost NO....Conversion Cost NO 
 Prime Cost NO.....Conversion Cost YES 
QUESTION 2: 
A cost incurred in the past that is not relevant to any current decision is classified as a(n): 
 period cost. 
 opportunity cost. 
 sunk co...
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Exam (elaborations) Liberty University ACCT 370 Exam 1 Complete solution
- Exam (elaborations) • 196 pages • 2021
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Liberty University ACCT 370 Exam 1 Complete solution 
Liberty University ACCT 370 Exam 1 Complete solution 
100% satisfied: 

solutions 
1. 1. 2. A 3-for-1 stock split will reduce the per share par value and will 3. 4. 
5. 2. 6. accounting errors or irregularities can occur for what reason? 7. 8. 
9. 3. 
10. Accrual accounting net income can differ from operating cash flows for 
all of the following reasons except: 
A) future pension and healthcare benefits. 
B) estimates of uncollectible accou...
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ACCT 505 WEEK 8: FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2021
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ACCT 505 WEEK 8: FINAL EXAM GUIDE 
ACCT 505 WEEK 8: FINAL EXAM GUIDE 
1. (TCO E) Complying with regulations is a(n) (Points : 5) 
 batch-level activity. 
 product-level activity. 
 unit-level activity. 
 organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $90,000 
Net operating income $18,000 
Contribution margin $40,000 
Average operating assets $100,000 
Stockholder's equity $250,000 
(Points : 5) 
 7.2% 
 20.0% 
 18.0% 
 44.4% 
Page 2 
1. (TCO C)...
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ACCT 505 FINAL EXAM.
- Exam (elaborations) • 8 pages • 2021
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ACCT 505 FINAL EXAM. 
Question 1.1. (TCO E) Installing a custom logo on a boat is a(n) (Points : 10) 
 batch-level activity. 
 product-level activity. 
 unit-level activity. 
 organization sustaining activity. 
Question 2.2. (TCO G) Given the following data, what would ROI be? 
Sales $70,000 
Net operating income $10,000 
Contribution margin $20,000 
Average operating assets $50,000 
Stockholder's equity $25,000 
(Points : 10) 
 28.6% 
 20.0% 
 40.0% 
 50.0% 
Page 2 
Question 1.1. (TCO C) Aziz ...
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