ACC 455 FINAL EXAMS FOR ANSWERS VISIT: www.finalexamguideline.com 1) Regulations are A. equal in authority to legislation if interpretative B. equal in authority to legislation if statutory C. equal in authority to legislation D. presumed to be valid and to have almost the same weight as the IRC 2) Identify which of the following statements is false. A. All are false. B. Members from both the House and
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ACC 434 final exams http://www.finalexamguideline.com/main.sc 1. (TCO 1) A significant limitation of activity-based costing is the (Points: 5) A). attention given to indirect cost allocation. B). many necessary calculations. C). operations staff ’s attitude toward the accounting staff. D). use it makes of technology. 2. (TCO 1) Ireland Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180‚000. The budgeted number of nozzles
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Information Given by Cash Flow Statements: A cash flow statement is a special document that is a mandated to be prepared by the accountants of any firm. Cash flow statements are nothing but the record of all the cash transactions that take place in a company. It is important for the financial statements of a company to make and have cash flow statements because the cash flow statements demonstrate the ability of a company to generate cash. The incoming and the outgoing cash are all recorded via
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ACC 491 FINAL EXAM 1)If reported sales for 2010 erroneously include sales that occur in 2011‚ the assertion violated on the 2010 statements would be 2)The rights and obligations assertion applies to 3)Which of the following assertions is NOT made by management in placing an item in the financial statements 4)Section 11 of the Securities Act of 1933 uses the term material fact to limit the amount of information required. Under the Act‚ the standard used to determine an items materiality 5)Individuals
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23 Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics|Questions|Brief Exercises|Exercises|Problems| Concepts for Analysis| 1.|Format‚ objectives purpose‚ and source of statement.|1‚ 2‚ 7‚8‚ 12||||1‚ 2‚ 5‚ 6| 2.|Classifying investing‚ financing‚ and operating activities.|3‚ 4‚ 5‚ 6‚ 16‚ 17‚ 19‚24|1‚ 2‚ 3‚ 6‚ 7‚ 8‚ 12|1‚ 2‚ 10||1‚ 3‚ 4‚ 5| 3.|Direct vs. indirect methods of preparing operating activities.|9‚ 20|4‚ 5‚ 9‚ 10‚ 11|3‚ 4||5| 4.|Statement of cash flows— direct
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INFORMATION OF CASH FLOW‚ EARNINGS AND SIZE OF FIRM ON ABNORMAL STOCK RETURN AT MANUFACTURING COMPANY LISTED IN I NDONESIA STOCK EXCHANGE Nurhidayah Djam’an*‚ Gagaring Pagalung‚ Tawakkal Email *): nurhidayah_jaman@yahoo.com ABSTRACT The aims of the research are to find out (1) the influence of cash flow from operational activities on abnormal stock return‚ (2) the influence of cash flow from investment activities on abnormal s tock return‚ (3) the influence of cash flow from financing activities
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described money flow as the extent at which money flows into in an organisation‚ usually made from effective spending and financing activities. The components of cash flow must be evident on a planner so that it will be understood easily on how it occurred exactly. According to Donaldson & Gerard (2005)‚ he stated that if cash is not observed carefully‚ the return which might have been planned might not be recognized by the organisation. So therefore‚ one needs to have the facts of how cash flows and integrate
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GET ANSWERS ACC 423 Final Exam Question 1: Buttercup Corporation issued 250 shares of $11 par value common stock for $4‚125. Prepare Buttercup’ journal entry. Question 2: Wilco Corporation has the following account balances at December 31‚ 2012. Common stock‚ $5 par value $511‚670 Treasury stock 95‚260 Retained earnings 2‚400‚840 Paid-in capital in excess of par 1‚320‚150 Prepare Wilco’s December 31‚ 2012‚ stockholders’ equity section Question 3: Woolford Inc. declared a cash dividend of
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Profitability Ratios: How Profitable is the Company? Net sales/Net profit after taxes The information necessary to determine a company’s profit as a percentage of sales can be found in the company’s income statement. 1. Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚
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inefficiencies with the amount of control they had over the costing of the outsourced parts of the company. They chose to implement an activity based costing system to figure out where the improvements could be made. As opposed to a normal ABC system‚ they used their database to assign costs to specific customers and to their outsourced contractors provided service to the customers. The cons for the ABC were the matrix design of figuring out specific cost drivers‚ it also was an expensive system to implement
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