ACCT 504 Entire Course (Includes All DQs, Project, Case Study, Midterm, Final) (Devry)
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ACCT 504 Week 1-7 All Discussion Questions
ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation
ACCT 504 Week 4 Midterm Exam Set 1
ACCT 504 Week 4 Midterm Set 2
ACCT 504 Week 4 Midterm Set
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ACCT 504 Final Exam (3 different finals) (Devry)
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1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization
2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit
3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:
Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
*********************************************************************************************************************ACCT 567 Week 4 Midterm Exam (Devry)
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1. (TCOs A and B) Fiduciary funds are to use which of the following measurement and basis of accounting? (Points : 5)
Economic resource measurement focus and accrual basis of accounting.
Current financial resources measurement focus and accrual basis of accounting.
Economic resources measurement focus and modified accrual basis of accounting.
None of the above, the fiduciary funds have no revenues.
2. (TCOs A and B) Funds other than the General Fund are...