Acct 207 Study guides, Class notes & Summaries
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Tyler junior college catalog 2022 2023
- Other • 286 pages • 2023
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Table of Contents 
ABOUT TJC 9 
Board of Trustees................................................................................ 9 
Accreditation........................................................................................ 9 
TJC Mission Statement...................................................................... 9 
TJC Vision Statement......................................................................... 9 
TJC Civility Statement...................................................
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Test_2_CH_9_practice_test_questions_answers
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Test_2_CH_9_practice_test_questions_answers
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution 
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solutions 
1. The Common Stock account is reported on the balance sheet at the: 
2. The time that the performance obligation is satisfied for revenue recognition is 
usually: 
3. When reporting a change in an accounting principle, the general rule requires that 
the current year’s income from continuing operations reflect: 
4. Using the same account...
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution
- Exam (elaborations) • 289 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution 
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solutions 
1. Condensed financial data are presented below for the Phoenix 
Corporation: 
2. 3. 2019 4. 5. 2018 
6. Accounts 
receivabl 
e 
8. 267,500 9. 10.11.$ 
12.230,00 
0 
13. 
14.Inventory 15. 16.312,500 17. 18.19. 
20.257,50 
0 
21. 
22.Total 
current 
assets 
23. 24.670,000 25. 26.27. 
28.565,00 
0 
29. 
30.Intangibl 
e assets 
31. 32.50,000 3...
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Exam (elaborations) Liberty University ACCT 370 Exam 3 Complete solution
- Exam (elaborations) • 334 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Exam 3 Complete solution 
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solutions 
1. Under IFRS, deferred taxes: 
2. Which of the following items used for resolving intra-firm comparisons 
is not generally disclosed? 
3. Which of the following does not properly describe the presentation by the lessor 
under ASC 842? 
4. Which of the following statements is correct with respect to the use of fair value 
accounting for lia...
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution
- Exam (elaborations) • 289 pages • 2021
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Liberty University ACCT 370 Exam 4 Complete solution 
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solutions 
1. Condensed financial data are presented below for the Phoenix 
Corporation: 
2. 3. 2019 4. 5. 2018 
6. Accounts 
receivabl 
e 
8. 267,500 9. 10.11.$ 
12.230,00 
0 
13. 
14.Inventory 15. 16.312,500 17. 18.19. 
20.257,50 
0 
21. 
22.Total 
current 
assets 
23. 24.670,000 25. 26.27. 
28.565,00 
0 
29. 
30.Intangibl 
e assets 
31. 32.50,000 33. 34.35. 36.60,0003...
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution
- Exam (elaborations) • 310 pages • 2021
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Liberty University ACCT 370 Exam 2 Complete solution 
Liberty University ACCT 370 Exam 2 Complete solution 
100% satisfied: 

solutions 
1. The Common Stock account is reported on the balance sheet at the: 
2. The time that the performance obligation is satisfied for revenue recognition is 
usually: 
3. When reporting a change in an accounting principle, the general rule requires that 
the current year’s income from continuing operations reflect: 
4. Using the same accounting methods to recor...
-
Exam (elaborations) Liberty University ACCT 370 Exam 3 Complete solution
- Exam (elaborations) • 334 pages • 2021
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- $8.49
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Liberty University ACCT 370 Exam 3 Complete solution 
Liberty University ACCT 370 Exam 3 Complete solution 
100% satisfied: 

solutions 
1. Under IFRS, deferred taxes: 
2. Which of the following items used for resolving intra-firm comparisons 
is not generally disclosed? 
3. Which of the following does not properly describe the presentation by the lessor 
under ASC 842? 
4. Which of the following statements is correct with respect to the use of fair value 
accounting for liabilities under IFRS?...
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Sales Exam Outline _ Scope of Art 2 & 2A/ (Download To Score An A+)
- Summary • 40 pages • 2021
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A. Scope of Art 2 & 2A 1. Scope of Article 2 a. UCC Scope Provisions i. § 2-102-This chapter applies to transactions in goods… ii. § 2-105-“Goods”=all things that are movable at the ti me of identification to the contract for sale 1) including unborn animals, growing crops b. Art 2 “goods” Examples i. Creating a wedding dress, tailoring, though the goods don’t exist yet, sell puppies though don’t exist yet ii. NOT something intangible ex: stock in a company does not work despite ...
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ACCT 211 Connect Homework Chapter 4 Problems Liberty University answers complete solutions (latest 2022/2023) Valley Company’s adjusted trial balance on August 31, 2017, its fiscal year-end, follows. 	 	 	Debit	 	 	Credit	 Merchandise inventory	 	$	
- Summary • 44 pages • 2020
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ACCT 211 Connect Homework Chapter 4 Problems Liberty University answers complete solutions (latest 2022/2023) 
 
Valley Company’s adjusted trial balance on August 31, 2017, its fiscal year-end, follows. 
 
 	 	 	Debit	 	 	Credit	 
Merchandise inventory	 	$	41,000	 	 	 	 
Other (noninventory) assets	 	 	130,400	 	 	 	 
Total liabilities	 	 	 	 	$	25,000	 
Common stock	 	 	 	 	 	10,000	 
Retained earnings	 	 	 	 	 	94,550	 
Dividends	 	 	8,000	 	 	 	 
Sales	 	 	 	 	 	225,600	 
Sales di...
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