Acct 304 final exam - Study guides, Class notes & Summaries

ACCT 304 final Exam acct304 final exam Question 1.1. (TCO 1) The SEC issues accounting standards in the form of (Points : 6) accounting research bulletins. financial reporting releases. financial accounting standards. financial technical bulletins. Question 2.2. (TCO 1) When a registrant company submits its annual filing to the SEC, it uses (Points : 6) Form 10-A. Form 10-K. Form 10-Q. Form S-1. Question 3.3. (TCO 2) The conceptual framework’s qualitative characteristic of relevance includes (...

ACCT 304 WK 8 FINAL EXAM. 1. (TCO 1) The FASB's standard-setting process includes, in the correct order, (Points : 6) exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accounting standards update. Question 2.2. (TCO 1) The International Accounting Standards Board (Point...

Acct-304 -Final Exam Question 9. (TCO 5) The Claxton Company manufactures children's toys and also has a division that makes automobile parts. Due to a change in its strategic focus, the company sold the automobile parts division. The division qualifies as a component of the entity according to GAAP regarding the disposal of long-lived assets. How should Claxton report the sale in its 2011 income statement? (Points: 6) Report it as an extraordinary item. Report it as a discontinued ope...

ACCT 304 WEEK 8 FINAL EXAM, RATED A, COMPLETE SOLUTIONS (all correct) Verified by expert tutors. 1. (TCO 1) The FASB's standard-setting process includes, in the correct order, (Points : 6) exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accounting standards...

Acct-304 -Final Exam Page 1: 1. (TCO 1) The SEC issues accounting standards in the form of (Points : 6) accounting research bulletins. financial reporting releases. financial accounting standards. financial technical bulletins. Question 2. 2. (TCO 1) When a registrant company submits its annual filing to the SEC, it uses (Points : 6) Form 10­A. Form 10­K. Form 10­Q. Form S­1. Question 3. 3. (TCO 2) SFAC No. 5 focuse...

DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Student Answer: exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accountin...

Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Student Answer: exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accounting standards update. Instructor Explanation: See Chapter 1 Ques...

DEVRY UNIVERSITY. ACCT 304 WEEK 8 FINAL EXAM(VERSION 3). QUESTIONS AND ANSWERS. LATEST SOLUTION.Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Student Answer: exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accountin...

ACCT 304 WEEK 8 FINAL EXAM, RATED A, COMPLETE SOLUTIONS (all correct) Verified by expert tutors. 1. (TCO 1) The FASB's standard-setting process includes, in the correct order, (Points : 6) exposure draft, research, discussion paper, and accounting standards update. research, exposure draft, discussion paper, and accounting standards update. research, discussion paper, exposure draft, and accounting standards update. discussion paper, research, exposure draft, and accounting standards...

ACCT 304 Final Exam Sunday, February 10:05 AM Page: 1 2 3 Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Question 2. Question : (TCO 1) When a registrant company submits its annual filing to the SEC, it uses Question 3. Question : (TCO 2) SFAC No. 5 focuses on Question 4. Question : (TCO 2) Net income equals Question 5. Question : (TCO 3) A sale on account would be recorded by debiting revenue. crediting assets. crediting liabilities. debiting...