Acc 291 Guide Education Expert/Acc291Guide.Com

In: Computers and Technology

Submitted By mounikaa032
Words 801
Pages 4
ACC 291 Entire Course and Final Guide

FOR MORE CLASSES VISIT www.acc291guide.com ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here.

……………………………………………………………………………

ACC 291 Entire Course
FOR MORE CLASSES VISIT www.acc291guide.com ACC 291 Week 1 Discussion Question 1
ACC 291 Week 1 Discussion Question 2
ACC 291 Week 2 Discussion Question 1
ACC 291 Week 2 Discussion Question 2
ACC 291 Week 2 Individual WileyPLUS PracticeCh 8,9,10 Quiz
ACC 291 Week 2 Individual WileyPLUS Assignment Week Two
ACC 291 Week 2 Learning Team Weekly Reflection
ACC 291 Week 3 Discussion Question 1
ACC 291 Week 3 Discussion Question 2
ACC 291 Week 3 Individual WileyPLUS Practice Quiz Ch. 11,12
ACC 291 Week 3 Individual WileyPLUS Assignment
ACC 291 Week 3 Learning Team Weekly Reflection
ACC 291 Week 4 Discussion Question 1
ACC 291 Week 4 Discussion Question 2
ACC 291 Week 4 Individual WileyPLUS Practice
ACC 291 Week 4 Individual WileyPLUS Assignment
ACC 291 Week 4 Learning Team Weekly Reflection
ACC 291 Week 5 Discussion Question 1
ACC 291 Week 5 Individual Effect of Unethical Behavior Article Analysis
ACC 291 Week 5 Individual WileyPLUSAssignment
ACC 291 Week 5 Learning Team Ratio Analysis Memo
ACC 291 Week 5 Learning Team Weekly Reflection

……………………………………………………………………………

ACC 291 Final Exam Guide
FOR MORE CLASSES VISIT www.acc291guide.com http://www.acc291guide.com/ACC-291-Final-Exam-Guide
1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?
2) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts…...

Similar Documents

Acc/291 - Final Exam Study Guide

...ACC/291 - Final Exam Study Guide Created by ACCNerd.com How to Use this Study Guide – READ ME FIRST The following study guide will NOT have the same exact questions on your test! However, this study guide WILL help you ace the Final Exam. The guide covers the same topics and will help you gain a deeper understanding of the concepts. Best of all, you are still guaranteed a score of 90% or higher or your money back! Tip #1: Use CRTL+F to search a related keyword to quickly find the topic you need. Tip #2: If a topic is missing, please email us at support@accnerd.com. We can usually provide immediate custom support during normal business hours. 1. Ordinary repairs are expenses to keep a plant asset functioning properly: Revenue expenditures Explanation: Revenue expenditure is an ongoing cost to maintain the operational efficiency of an asset. 2. Percentage of receivables method: Estimated uncollectible accounts = $15,000. Allowance for Doubtful Accounts = $3,000 What is the amount of bad debts expense? $12,000 Explanation: This entry simply requires you to subtract 3,000 from the 15,000 in estimated uncollectable accounts. 3. What is true about intangible assets? They should be reported with a separate classification on the balance sheet Explanation: Intangible assets should be organized into its own distinct group on the balance sheet. 4. Intangible assets are the rights and privileges from assets with which......

Words: 1441 - Pages: 6

Acc 300 Tutorial Education Expert/Acc300Tutorial.Com

...ACC 300 Entire Course And Final Guide FOR MORE CLASSES VISIT www.acc300tutorial.com ACC 300 Entire Course And Final Guide ……………………………………………………………………. ACC 300 Entire Course FOR MORE CLASSES VISIT www.acc300tutorial.com ACC 300 Week 2 Individual Assignment Accounting Equation paper ACC 300 Week 2 Individual Problem Set P1-3A and P3-5A ACC 300 Week 3 Learning Team Assignment Working With Financial Statements ACC 300 Week 3 Team Assignment problem 4-2A ACC 300 Week 4 Individual Problem Set II.. ……………………………………………………………………. ACC 300 Final Exam Guide FOR MORE CLASSES VISIT www.acc300tutorial.com Final Exam Guide Set of 30 Questions 1) Which of the following statements is true? 2) Notes to the financial statements include which of the following: 3) Which of the following financial statements is divided into major categories of operating, investing, and financing activities? 4) If the retained earnings account increases from the beginning of the year to the end of the year, then 5) If services are rendered on account, then 6) An investment by the stockholders in a business increases 7) Using accrual accounting, expenses are recorded and reported only: 8) A small company may be able to justify using a cash basis of accounting if they have: ……………………………………………………………………. ACC 300 Week 2 Individual Assignment Accounting Equation paper (3 Papers) FOR MORE CLASSES VISIT......

Words: 299 - Pages: 2

Acc 491 Guide Education Expert/Acc491Guide.Com

...ACC 491 Entire Course FOR MORE CLASSES VISIT www.acc491guide.com ACC 491 Week 1 Individual Assignment Generally Accepted Auditing Standards Paper ACC 491 Week 1 DQ 1 ACC 491 Week 1 DQ 2 ACC 491 week 2 Individual Assignments From the Text ACC 491 Week 2 Team Assignment Auditing, Attestation, and Assurance Services Paper ACC 491 Week 2 DQ 1 .. ......................................................................................................................................................................................................................................................... ACC 491 Week 1 DQ 1 FOR MORE CLASSES VISIT www.acc491guide.com The American Institute of Certified Public Accountants (AICPA) and the Institute of Internal Auditors (IIA) have positioned the auditing professions to become “assurance professions.” What is the difference between assurance services, attestation services, and auditing services? What are the economic issues that drive the increased demand for assurance services? What is one assurance engagement and one attestation engagement other than an audit of financial statements? What are the differences between the two? ...................................................................................................................................................................................................................................................... ACC 491 Week 1 DQ 2 FOR MORE CLASSES......

Words: 396 - Pages: 2

Acc 291 Students Guide / Tutorialrank.Com

...ACC 291 Entire Course UOP Course For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 4 Times, Rating: A ACC 291 Week 1 Discussion Question 1 (UOP Course) ACC 291 Week 1 Discussion Question 2 (UOP Course) ACC 291 Week 2 Discussion Question 1 (UOP Course) ACC 291 Week 2 Discussion Question 2 (UOP Course) ACC 291 Week 2 Individual WileyPLUS PracticeCh 8,9,10 Quiz (UOP Course) ACC 291 Week 2 Individual WileyPLUS Assignment Week Two (UOP Course) ACC 291 Week 2 Learning Team Weekly Reflection (UOP Course) ACC 291 Week 3 Discussion Question 1 (UOP Course) ACC 291 Week 3 Discussion Question 2 (UOP Course) ACC 291 Week 3 Individual WileyPLUS Practice Quiz Ch. 11,12 (UOP Course) ACC 291 Week 3 Individual WileyPLUS Assignment (UOP Course) ACC 291 Week 3 Learning Team Weekly Reflection (UOP Course) ACC 291 Week 4 Discussion Question 1 (UOP Course) ACC 291 Week 4 Discussion Question 2 (UOP Course) ACC 291 Week 4 IndividualWileyPLUS Practice (UOP Course) ACC 291 Week 4 Individual WileyPLUS Assignment (UOP Course) ACC 291 Week 4 Learning Team Weekly Reflection (UOP Course) ACC 291 Week 5 Discussion Question 1 (UOP Course) ACC 291 Week 5 Individual Effect of Unethical Behavior Article Analysis (UOP Course) ACC 291 Week 5 Individual WileyPLUSAssignment (UOP Course) ACC 291 Week 5 Learning Team Ratio Analysis Memo (UOP Course) ACC 291 Week 5 Learning Team Weekly Reflection (UOP Course) .............................................................

Words: 2424 - Pages: 10

Acc 291 New Students Guide / Tutorialrank.Com

...ACC 291 Final Exam Guide (New) For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 5 Times, Rating: A+ Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? IFRS Multiple Choice Question 01 As a recent graduate of State University you're aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation? Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 Explanation: Intangible Assets = Goodwill + Trademarks = 3,500,000 Multiple Choice Question 146 Bonds with a face value of $300,000 and a quoted price of 97¼ have a selling price of Multiple Choice Question 188 Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015? ......

Words: 1263 - Pages: 6

Acc 340 Homework Education Expert/Acc340Homework.Com

...ACC 340 Entire Course and Final Guide FOR MORE CLASSES VISIT www.acc340homework.com ACC 340 Entire Course and Final Guide ………………………………………………………………………….. ACC 340 Entire Course FOR MORE CLASSES VISIT www.acc340homework.com ACC 340 Week 1 Discussion Question 1 ACC 340 Week 1 Individual Assignment The Effects of Technology on the Accounting Profession Paper ACC 340 Week 2 Discussion Question 1 ACC 340 Week 2 Discussion Question 2 ACC 340 Week 2 Individual Assignment Assignments From the Readings ACC 340 Wee.. ……………………………………………………………… ACC 340 Final Exam Guide FOR MORE CLASSES VISIT www.acc340homework.com Multiple-Choice Questions 1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called: a) Financial shadowing b) Managerial trace technique c) Concatenation d) Audit trail 2. Justifying expenditures for new technologies is especially difficult because: a) You do not know how many jobs will be affected b) Expenses are often recurring and are difficult to estimate c) Many benefits are intangible and are not easily known or measured d) Justifying a new technology is no different from any other capital budgeting problem 3. The essential steps in performing a systems study are (in order of occurrence): a) Analysis, design, implementation and initial operation, follow up b) Design, planning, follow up, analysis, and implementation c) Planning, system specification,......

Words: 560 - Pages: 3

Acc 291 Final Exam Guide New

...ACC 291 FINAL EXAM GUIDE NEW To purchase this visit here: http://www.nerdypupil.com/product/acc-291-final-exam-guide-new-3/ Contact us at: nerdypupil@gmail.com ACC 291 FINAL EXAM GUIDE NEW ACC 291 Final Exam Study Guide Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? IFRS Multiple Choice Question 01 As a recent graduate of State University you’re aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation? Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 Explanation: Intangible Assets = Goodwill + Trademarks = 3,500,000 Multiple Choice Question 146 Bonds with a face value of $300,000 and a quoted price of 97¼ have a selling price of Multiple Choice Question 188 Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line...

Words: 1404 - Pages: 6

Acc 291 Final Exam Guide New

...ACC 291 FINAL EXAM GUIDE NEW To purchase this visit here: HTTP://WWW.NERDYPUPIL.COM/PRODUCT/ACC-291-FINAL-EXAM-GUIDE-NEW/ Contact us at: nerdypupil@gmail.com ACC 291 FINAL EXAM GUIDE NEW ACC 291 Final Exam Study Guide Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? IFRS Multiple Choice Question 01 As a recent graduate of State University you’re aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation? Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 Explanation: Intangible Assets = Goodwill + Trademarks = 3,500,000 Multiple Choice Question 146 Bonds with a face value of $300,000 and a quoted price of 97¼ have a selling price of Multiple Choice Question 188 Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line......

Words: 1061 - Pages: 5

Acc 291 Final Exam Guide

...ACC 291 FINAL EXAM GUIDE To purchase this visit here: HTTP://WWW.NERDYPUPIL.COM/PRODUCT/ACC-291-FINAL-EXAM-GUIDE/ Contact us at: nerdypupil@gmail.com ACC 291 FINAL EXAM GUIDE 1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? 2) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period? 3) Intangible assets 4) Intangible assets are the rights and privileges that result from ownership of long-lived assets that 5) The book value of an asset is equal to the 6) Gains on an exchange of plant assets that has commercial substance are 7) Ordinary repairs are expenditures to maintain the operating efficiency of a plant asset and are referred to as 8) Costs incurred to increase the operating efficiency or useful life of a plant asset are referred to as 9) When an interest-bearing note matures, the balance in the Notes Payable account is 10) The interest charged on a $200,000 note payable, at a rate of 6%, on a 2-month note would be 11) If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the......

Words: 1947 - Pages: 8

Acc 291 Guide Absolute Tutors/Acc291Guide.Com

...ACC 291 Entire Course and Final Guide FOR MORE CLASSES VISIT www.acc291guide.com ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here **************************************************** ACC 291 Entire Course FOR MORE CLASSES VISIT www.acc291guide.com ACC 291 Week 1 Discussion Question 1 ACC 291 Week 1 Discussion Question 2 ACC 291 Week 2 Discussion Question 1 ACC 291 Week 2 Discussion Question 2 ACC 291 Week 2 Individual WileyPLUS PracticeCh 8,9,10 Quiz ACC 291 Week 2 Individual WileyPLUS Assignment Week Two ACC 291 Week 2 Learning Team Weekly Reflection ACC 291 Week 3 Discussion Question 1 ACC 291 Week 3 Discussion Question 2 ACC 291 Week 3 Individual WileyPLUS Practice Quiz Ch. 11,12 ACC 291 Week 3 Individual WileyPLUS Assignment ACC 291 Week 3 Learning Team Weekly Reflection ACC 291 Week 4 Discussion Question 1 ACC 291 Week 4 Discussion Question 2 ACC 291 Week 4 Individual WileyPLUS Practice ACC 291 Week 4 Individual WileyPLUS Assignment ACC 291 Week 4 Learning Team Weekly Reflection ACC 291 Week 5 Discussion Question 1 ACC 291 Week 5 Individual Effect of Unethical Behavior Article Analysis ACC 291 Week 5 Individual WileyPLUSAssignment ACC 291 Week 5 Learning Team Ratio Analysis Memo ACC 291 Week 5 Learning Team Weekly Reflection **************************************************** ACC 291 Final Exam Guide (New) FOR MORE CLASSES VISIT www.acc291guide.com Question 1 An aging......

Words: 1526 - Pages: 7

Hrm 546 Guide Education Expert / Hrm546Guide.Com

...pairs of shoes. Bob explained to you that Mary, another sales employee, was working the back room. Each day, two employees work in the store: one working the front, and one working the back. They rotate on a daily basis because the person working the front gets the commissions for the day. This is company policy, and neither Bob nor you have the flexibility to change that policy—so there is no chance to split the commission. Today is Tom’s day to earn commission. Bob asks you what he should do. Should Bob swap Tom and Mary so that the store gets the benefit of Imelda’s purchases, or should he stand firm that only Tom is available to sell her shoes? What legal and ethical issues arise in this case, and what legal and ethical principles guide this decision? What choice do you make and why? ================================== HRM 546 Week 4 Assignment Scenario Two Cost Club FOR MORE CLASSES VISIT www.hrm546guide.com HRM 546 Week 4 Assignment Scenario Two Cost Club ================================== HRM 546 Week 5 Assignment Formative Assessment Activities Health Insurance Costs versus Privacy FOR MORE CLASSES VISIT www.hrm546guide.com Health Insurance Costs Versus Privacy Computers by Design (CBD) is a small computer systems sales and service business located in the Midwest. The owners of CBD, Abigail, Megan, and Andy, are concerned about rising health care insurance costs. Abigail has researched the issue, and has learned that CBD can......

Words: 1008 - Pages: 5

Acc 291 Guide Real Education/Acc291Guide.Com

...ACC 291 Final Exam Guide (New) FOR MORE CLASSES VISIT www.acc291guide.com Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? Question 3 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be Question 4 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? Question 5 As a recent graduate of State University you're aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following ly describes component depreciation? Question 6 Given the following account......

Words: 2172 - Pages: 9

Acc 291 Final Exam Guide New

...ACC 291 Final Exam Study Guide http://homeworkgallery.com/index.php/product/acc-291-final-exam-guide-new/ http://homeworkgallery.com/index.php/product/acc-291-final-exam-guide-new/ Question 207 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? IFRS Multiple Choice Question 01 As a recent graduate of State University you’re aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation? Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 Explanation: Intangible Assets = Goodwill + Trademarks = 3,500,000 Multiple Choice Question 146 Bonds with a face value of $300,000 and a quoted price of 97¼ have a selling price of Multiple Choice Question 188 Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the......

Words: 1402 - Pages: 6

Acc 291 Guide Learn by Doing/Acc291Guide.Com

...ACC 291 Final Exam Guide (New) FOR MORE CLASSES VISIT www.acc291guide.com Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? ************************************************************************************* ACC 291 Final Exam Guide FOR MORE CLASSES VISIT www.acc291guide.com we have another New set of Final Exam Guide which could be found on this link http://www.acc291guide.com/ACC-291-Final-Exam-Guide 1)Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? 2) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period? ***********************************...

Words: 372 - Pages: 2

Acc 291 Guide Innovation Is Our Tradition/Acc291Guide.Com

...ACC 291 Final Exam Guide (New) FOR MORE CLASSES VISIT www.acc291guide.com Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Question 2 The financial statements of the Melton Manufacturing Company reports net sales of $300,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? Question 3 Stine Company purchased machinery with a list price of $64,000. They were given a 10% discount by the manufacturer. They paid $400 for shipping and sales tax of $3,000. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $20,000. If Stine uses straight-line depreciation, annual depreciation will be Question 4 On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? Question 5 As a recent graduate of State University you're aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following ly describes component depreciation? Question 6 Given the following account......

Words: 2466 - Pages: 10