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ACCT 304 final Exam (2) complete A rated solutions/with instructors rationales; score -231 / 250 (92.4%) $15.49   Add to cart

Exam (elaborations)

ACCT 304 final Exam (2) complete A rated solutions/with instructors rationales; score -231 / 250 (92.4%)

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ACCT 304 Final Exam Sunday, February 10:05 AM Page: 1 2 3 Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct order, Question 2. Question : (TCO 1) When a registrant company submits its annual filing to the SEC, it uses Question 3. Question : (TCO 2) SFAC No....

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  • January 14, 2021
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  • 2020/2021
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ACCT 304 final Exam
Sunday, February 26, 2017
10:05 AM

Grading Summary

These are the automatically computed results of your exam. Grades Date 2/24/2017
for essay questions, and comments from your instructor, are in the Taken:
"Details" section below.
Time 2 h , 26 min ,
Spent: 10 secs

Points 231 /
Received: 250 (92.4%)


Question Type: # Of Questions: # Correct:

Multiple Choice 22 20

Short 1 N/A

Essay 4 N/A


Grade Details - All
Questions

Page:
1 2 3

Question 1. Question : (TCO 1) The FASB's standard-setting process includes, in the correct
order,


Student Answer: exposure draft, research, discussion paper, and accounting
standards update.

research, exposure draft, discussion paper, and accounting
standards update.

research, discussion paper, exposure draft, and accounting
standards update.

discussion paper, research, exposure draft, and accounting
standards update.

Instructor See Chapter
Explanation: 1


Points Received: 6 of 6

Comments:




Question 2. Question : (TCO 1) When a registrant company submits its annual filing to the
SEC, it uses

, Student Answer: Form 10-A.

Form 10-K.

Form 10-Q.

Form S-1.

Instructor Explanation: See Chapter 1


Points Received: 6 of 6

Comments:




Question 3. Question : (TCO 2) SFAC No. 5 focuses on


Student Answer: objectives of financial reporting.

qualitative characteristics of accounting information.

recognition and measurement concepts in accounting.

elements of financial statements.

Instructor Explanation: See Chapter 1


Points Received: 6 of 6

Comments:




Question 4. Question : (TCO 2) Net income
equals

Student Answer: assets minus liabilities.

revenues minus cost of goods sold.

revenues minus expenses.

cash receipts minus cash
payments.

Instructor Explanation: See Chapter 1


Points Received: 6 of 6

Comments:

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