Acc 422 - Study guides, Class notes & Summaries

University of Phoenix - ACC 422 Final Exam. ACC 422 FINAL Question 1 Kraft Enterprises owns the following assets at December 31, 2014. Question 2 Restin Co. uses the gross method to record sales made on credit. On June 1, 2014, it made sales of $50,000 with terms 3/15, n/45. On June 12, 2014, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin Co. (If no entry is required, select

ACC 422 Chapter 11 Multiple Choice, questions and answers, latest updated 1. In which phase(s) of the internal audit engagement can data analytics be used? I. Planning the individual engagement. II. Testing effectiveness and efficiency of controls. III. Assessing risk to determine which areas of the organization to audit. a. I only b. II only c. I and III only d. I, II and III d. I, II and III Data analytics can be used in all phases of the audit process, although many times it i...

ACC / 422 FINAL EXAM Buffalo Company purchased machinery for $155,400 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 80,900 units, and working hours of 40,300. During 2017, the company uses the machinery for 19,344 hours, and the machinery produces 26,697 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years’-digits, and double-declining-balance methods. (R...

questions and answers

questions and answers

Week 2 ACC/422 Week 2 - Reading Concept Summary ACC/422 Week 2 - Reading Concept Summary This week chapters eight and nine were studied. I learned a lot of major concepts that I will be able to apply if I were to work in a company that had inventory. In Chapter eight the major concepts were: ï‚·Inventory classifications: There is merchandise inventory, raw material inventory, work in process and finished goods inventory, along with supplies inventory. I thought all these were ju...

1. The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepwise approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their providers or a pharmacist first? 6. Second-...

ACC/422 FINAL EXAM 1) Which of the following is NOT considered cash for financial reporting purposes? A. Coin, currency,&available funds B. Money orders, certified checks,&personal checks C. Petty cash funds&change funds D. Postdated checks&I.O.U.'s 2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? A. As assets but separately from other receivables. B. As offsets to capital. C. As trade notes&acc...

1. The first-line treatment for cough related to a upper respiratory infection in a five-year-old is: 2. Pregnant patients with asthma may safely use ____ throughout their pregnancies. 3. A stepwise approach to the pharmacologic management of asthma: 4. Infants with reflux are initially treated with: 5. Many patients self-medicate with antacids. Which patients should be counseled to not take calcium carbonate antacids without discussing with their providers or a pharmacist first? 6. Second-...