ADVANCED ACCOUNTING EXAM BUNDLE WITH COMPLETE SOLUTIONS 100% SOLVED

Advanced Accounting exam Graded A+ Data - ANSWERFact, occurrence, instance, measurable observation Big Data - ANSWERCorporate accumulation of massive amounts of data that can be used for analysis Why has utilizing big data become normal for most institutions? - ANSWER1. Advancements in collect...

Advanced Accounting exam with verified solutions Jabiru Corporation purchased a 20% interest in Fish Company common stock on January 1, 2013 for $300,000. This investment was accounted for using the complete equity method and the correct balance in the Investment in Fish account on December 31,...

Advanced Accounting exam with verified solutions On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison's voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is a...

Advanced Accounting exam with verified solutions In a governmental fund, which of the following constitutes revenue? a. Cash received from another fund of the same unit b. bond proceed c. property taxes d. refund on a invoice for fuel - answerProperty Taxes - a and b are other financing sourc...

Advanced Accounting exam 100% solved Which of the following is not a governmental fund? - answerInternal Service Fund. What is the purpose of a Special Revenue Fund? - answerTo account for revenues legally or externally restricted as an operating expenditure. What is the purpose of Enterprise F...

Advanced Accounting exam 2 100% solved How much intercompany inventory profit should be eliminated from ending inventory in the consolidation process? a) Net profit on total inter-company sales during the year b) Gross profit on total inter-company sales during the year c) Gross profit on good...

Advanced Accounting exam 2 with verified solutions Stock given as consideration is valued at: - ANSWERfair market value Which of the following advantages and/or disadvantages of stock acquisitions relative to asset acquisitions (and subsequent consolidated financial statements) is misstated? - ...

Advanced Accounting exam 2 with verified solutions Which one of the following accounts would not appear in the consolidated financial statements at the end of the first fiscal period of the combination? - answerInvestment in Subsidiary Which of the following internal record-keeping methods can ...