Acct 612 Study guides, Class notes & Summaries

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...

Typhon Soap Note 3 -Maryville University of Saint Louis (Acct #7396)

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 ...

1. In the United States, GAAP comes under the purview of the: 2. Deferred tax assets represent: 3. Which statement is CORRECT regarding accounting for income taxes in a financial statement? 4. Which of the following are goals of the International Accounting Standards Board (IASB)? 5. The main advantage of the FASB Codification is: 6. Which of the following represents the correct Codification structure? 7. Which statement is CORRECT regarding the SEC? 8. Which of the following Internationa...

1. In the United States, GAAP comes under the purview of the: 2. Deferred tax assets represent: 3. Which statement is CORRECT regarding accounting for income taxes in a financial statement? 4. Which of the following are goals of the International Accounting Standards Board (IASB)? 5. The main advantage of the FASB Codification is: 6. Which of the following represents the correct Codification structure? 7. Which statement is CORRECT regarding the SEC? 8. Which of the following Internationa...

Exam (elaborations) 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 account...

ACCT612 Exam 3 (Liberty University) 1. In the United States, GAAP comes under the purview of the: 2. Deferred tax assets represent: 3. Which statement is CORRECT regarding accounting for income taxes in a financial statement? 4. Which of the following are goals of the International Accounting Standards Board (IASB)? 5. The main advantage of the FASB Codification is: 6. Which of the following represents the correct Codification structure? 7. Which statement is CORRECT regarding the SEC? 8...

1. In the United States, GAAP comes under the purview of the: 2. Deferred tax assets represent: 3. Which statement is CORRECT regarding accounting for income taxes in a financial statement? 4. Which of the following are goals of the International Accounting Standards Board (IASB)? 5. The main advantage of the FASB Codification is: 6. Which of the following represents the correct Codification structure? 7. Which statement is CORRECT regarding the SEC? 8. Which of the following Internationa...

ACCT 612 Module 4 Tax Research Problems 1 (Liberty University) Problems: 1. Use the CCH IntelliConnect Federal Tax database to answer the following questions? What are the major database categories provided? Select 1999 in the Federal Tax Achieves. What is the tax bracket ( highest marginal rate) for a single indi-vidual with taxable income of $ 65,000? ( Hint: Use the Master Tax Guide - 1999.) When would it be use-ful to know what the IRC was in a prior year? What is the most recent Action...