ACCT 504 Week 1-7 All Discussion Questions (DEVRY)
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Week 1DQ 1 - Financial Reporting Environment and GAAP
Week 1DQ 2 - Details of Financial Statements and Ratios
Week 2DQ 1 - Accounting EquationAccounting Cycle
Week 2DQ 2 - Accrual Accounting and Adjusting Entries
Week 3DQ 1 - Merchandising Operations and Income Statements
Week 3DQ 2 - Inventory Cost-Flow Assumptions
Week 4DQ 1 - Understanding Internal Control and Reporting Cash
Week 4DQ 2 - Accounting for and Reporting Receivables
Week 5DQ 1 - Plant Assets and Intangibles
Week 5DQ 2 - Accounting for Liabilities
Week 6DQ 1 - Accounting for and Reporting Equity
Week 6DQ 2 - Statement of Cash Flows
Week 7DQ 1 - Issues in Income Reporting
Week 7DQ 2 - Different Tools for Financial Analysis
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ACCT 504 Week 4 Midterm Exam Set 1 (DEVRY)
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1.Question :(TCO A, B, C) External users want answers to all of the following questions except:
Points Received:3 of 3
2.Question :(TCO C) Borrowing money is an example of a(n):
Points Received:3 of 3
3.Question :(TCO C) Buying and selling products are examples of:
Points Received:3 of 3
4.Question :(TCO A) Resources owned by a business are referred to as:
Points Received:3 of 3
5.Question :(TCO C) Jamie Company recorded the following cash transactions for the year:
Paid $70,000 for salaries.
Paid $20,000 to purchase office equipment.
Paid $6,000 for utilities.
Paid $7,000 in dividends.
Collected $130,000 from customers.
What was Jamie's net cash provided by operating activities?
Points Received:3 of 3
6.Question :(TCO A) In a classified balance sheet, assets are usually classified as:
Points Received:3 of 3
7.Question :(TCO A) An intangible asset:
Points Received:3 of 3...