Acc 422 Study guides, Class notes & Summaries

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 & acco...

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 "No Entry" for the account titles and enter 0 for t...

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-generati...

Create a 5- to 10-slide presentation and use the same publicly traded company selected in Week 2 to address the following: Be sure to use the most recent SEC 10-k or Annual report. Identify the Company’s current liabilities for the past two years? Compare the current portion of long-term debt for the past two years? Discuss some of the items found in the current liability section. Describe any lease obligations the Company disclosed. Explain what contingency liabilities are disclosed in ...

1) Which of the following is NOT considered cash for financial reporting purposes? 2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? 3) Which of the following is considered cash? 4) If a company employs the gross method of recording accounts receivable from customers, then sales discounts taken should be reported as 5) Assuming that the ideal measure of short-term receivables in the balance sheet is the discount...

ACC 422 Final Examination: University of Phoenix 1) Which of the following is NOT considered cash for financial reporting purposes? A. Postdated checks and I.O.U.'s B. Money orders, certified checks, and personal checks C. Petty cash funds and change funds D. Coin, currency, and available funds 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...

ACC 422 Final Examination: University of Phoenix 1) A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and A. has a current market value that is greater than its original cost. B. bears an interest rate that is at least equal to the prime rate of interest at the date of liquidation. C. is so near its maturity that it presents insignificant risk of changes in interest rates. D. is acceptable as a means to pay current liabilities. ...

ACC 422 Final Examination: University of Phoenix Please make sure your name is on this final examination. Please use the answer blanks at the end of this examination. Each problem is worth ten (10) points. There are twenty-five (25) questions. 1. Which of the following methods of determining bad debt expense does not properly match expense and revenue? a. Charging bad debts with a percentage of sales under the allowance method. b. Charging bad debts with an amount derived from a p...