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For more course tutorials visit<br>www.uoptutorial.com<br><br>ACC 290 Finals<br>Question 1 <br>Jackson Company recorded the following cash transactions for the year: <br>Paid $135,000 for salaries.<br>Paid $60,000 to purchase office equipment.<br>Paid $15,000 for utilities.<br>Paid $6,000 in dividends.<br>Collected $245,000 from customers.<br> <br> Question 2 <br>Which of the following describes the classification and normal balance of the Unearned Rent Revenue account? <br>Question 3 <br>Posting <br>Question 4 <br>The following is selected information from L Corporation for the fiscal year ending October 31, 2014. <br>Cash received from customers $300,000<br>Revenue earned 390,000<br>Cash paid for expenses 170,000<br>Cash paid for computers on November 1, 2013 that will be used for 3 years 48,000<br>Expenses incurred including any depreciation 216,000<br> <br>Question 5 <br>La More Company had the following transactions during 2013.<br>• Sales of $4,500 on account<br>• Collected $2,000 for services to be performed in 2014<br>• Paid $1,325 cash in salaries<br>• Purchased airline tickets for $250 in December for a trip to take place in 2014 <br> Question 6<br>Which one of the following is not a justification for adjusting entries? <br>Question 7 <br>The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indi-cated only $1,000 on hand. The adjusting entry that should be made by the company on June 30 is: <br>Question 8<br>Similarities between International Financial Reporting Standards (IFRS) and U.S. GAAP in-clude all of the following except <br>
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ACC 290 NewCourses ACC 290 Final Exam Guide (New) ACC 290 Week 1 Practice Quiz (New) • ACC 290 Finals • Question 1 • ACC 290 Week 1 Quiz • Question 1
ACC 290 NewCourses ACC 290 Week 1 Vocabulary Activity (New) ACC 290 Week 1 WILEYPLUS ASSIGNMENT DI1-3, E1-3,E1-4, E2-4, IFRS2-4 (NEW) • WileyPLUS Assignment: Week 1 Vocabulary Activity • WileyPLUS Assignment: Week 1 Assignment
ACC 290 NewCourses ACC 290 Week 2 LT Reflection Summary (New) ACC 290 Week 2 Practice Quiz (New) • Discuss the objectives for ACC 290 Week Two. • Question 1 Expenses decrease retained earnings.
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ACC 290 NewCourses ACC 290 Week 3 4 LEARNING TEAM FINANCIAL REPORTING PROBLEM, PART 1 2 DIFFERENT PAPERS NEW ACC 290 Week 3 Practice Quiz (New) • FINANCIAL REPORTING Problem Part I • Browse the Internet to acquire a copy of the most recent annual report for a publicly • Question 1 • The revenue recognition principle dictates that revenue is recognized in the period in which the cash is received. • Question 2
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ACC 290 NewCourses ACC 290 Week 4 5 INDIVIDUAL ASSIGNMENT FINANCIAL REPORTING PROBLEM PART II 2 DIFFERENT PAPERS NEW ACC 290 Week 4 PRACTICE QUIZ (NEW) • Financial Reporting Problem Part II • Question 1 • A SERVICE COMPANY's operating cycle is ordinarily shorter than that of a merchandising company.
ACC 290 NewCourses ACC 290 Week 4 Discussion Question 2 ACC 290 Week 4 Individual WileyPLUS Assignment Problem 4-8A • What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? • we have another New set of week 4 Willeyplus assignment which could be found on this link
ACC 290 NewCourses ACC 290 Week 4 VOCABULARY ACTIVITY (NEW) ACC 290 Week 4 Wileyplus Assignment P4-8A, BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4, Do it 5-3, 5-4 (New) • WileyPLUS Assignment: Week 4 Vocabulary Activity • WileyPLUS Assignment: Week 4 Assignment
ACC 290 NewCourses ACC 290 Week 5 IFRS Paper (New) ACC 290 Week 5 LEARNING TEAM REFLECTION SUMMARY (NEW) • IFRS 2-1: In what ways does the format of a statement of financial • Reflection and FINANCIAL REPORTINGProblem Part II. Discuss the objectives for ACC 290 Week Four.
ACC 290 NewCourses ACC 290 Week 5 WileyPlus Assignment BE6-5, BE6-7, BYP6-1, BYP6-2, BE7-4, BE7-6, BE5-1, BE5-2, BE7-5, E4-17, E4-18 (New) ACC 290 Week 5 Team Assignment Financial Reporting Problem Part II • WileyPLUS Assignment: Week 5 Assignment • Resource: WileyPLUS • Click Here to see all the Tutorials of ACC 290 • FINANCIAL Reporting Problem Part II
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