Accounting c245 - Study guides, Class notes & Summaries

Accounting 245 WWU midterm Study guide Sarbanes-Oxley act - correct answerPurpose is to restore trust in publicly traded corporation, their management, their financial statements, and their auditors. Enhances internal control and financial reporting requirements and establishes new regulation requirements for publicly traded companies. Requires CEO and CFO assume responsibility for the financial statements and disclosures. increases penalties for white collar crimes. requires audit committee...

C245 Accounting Research Chapter 1-10 complete study guide Define the term research. - correct answersA systematic investigation of an issue or problem utilizing the researcher's professional judgment Explain what accounting, auditing, and tax research are. - correct answersA systematic and logical approach employing critical thinking skills to obtain and document evidence (authorities) underlying a conclusion relating to an accounting, auditing, or tax issue or problem Why is accounti...

Test bank for Accounting Research complete with % correct answers The FASB is funded primarily by which of the following? - Correct AnswerAccounting Support Fees Which of the following is not a benefit of researching a proposed transaction? - Correct AnswerIt allows investors to research a company's choice of accounting methods before the transaction is finalized. Which type of accountant may perform accounting research in order to understand the accounting positions of the companies o...

Accounting Research : chapter 1 complete study guide To perform this research, you will need the following: - correct answer*An understanding of which research tools apply in each research environment, *Confidence applying a step-by-step research process to open-ended questions, and *Strong written communication skills, to effectively communicate your research results The term accounting research is used to describe two very different types of research: - correct answer*Research done in...

ACCT 245 EXAM #2 Winter 2018 with 100% correct answers Which of the following is not an example of a cost that would be classified as manufacturing overhead (check all that apply): a. Depreciation on factory machinery b. Indirect materials used to manufacture the products c. The salary of the CEO of the company d. Wages of the assembly workers - Correct Answerc. The salary of the CEO of the company d. Wages of the assembly workers Which of the following statements about an activity-...

Accounting Multiple Choice questions And Answers Corrieten Company purchased equipment and incurred these costs: Cash price $24,000 Sales taxes1,200 Insurance during transit200 Installation and testing400 Total costs$25,800 What amount should be recorded as the cost of the equipment? - Correct AnswerAll of these should be added together 2. (LO 1) The benefits to leasing include each of the following except: higher resale value. reduced risk of obsolescence. little or no down payment...

Accounting test choice questions and 1000% correct multiple answers Posting transactions to the T-accounts involve: - Correct answerTransferring debit and credit information from the journal to the accounts in the general ledger. A trial balance can best be explained as a list of: - Correct answerAll accounts and their balances at a particular date. Financial accounting and reporting standards in the US are established primarily by the... - Correct answerFinancial accounting standards b...

c245 tASK C245 Revenue Recognition Importance Accounting Research C245 Task 1 Western Governors University Revenues are the inflows or other enhancements of assets of an entity or settlement of its liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entity s ongoing major or central operations (Kieso, 2013, p 53). Revenues have many names, such as sales, fees, rent, interest, royalties, and service revenues. Revenues...