Acct 302 - Study guides, Class notes & Summaries

ACCT 302 Collaborative Research Paper

Objectives of Management Control1. Motivate managers to exert a high level of effort to achieve the goals set by top management 2. Provide the right incentives for managers to make decisions with the goals set by top management (align managers efforts with strategic goals) 3. Determine fair rewards to be earned by managers for their efforts and skill and the effectiveness of their decision making Employment contractbetween manager and top manager promotes goal congruence compensatio...

Bill owns and operates a farm machinery dealership. Under the code, a new tractor that Bill uses on his farm is classified as equipment Which of the following is true? A security agreement may create or provide interest in property that the debtor presently does not own or have rights to "Attachment" occurs when a secured party gives value, the debtor has acquired rights in the collateral, and the debtor and secured party have an agreement When mark bought new office furniture on cred...

Pensions have consistently played a part in how many retired Americans continue to live out their “Golden Years” after their working careers have come to an end. In many cultures, the responsibi l ity falls to the younger generations to care for their elderly. Our culture has a slightly different approach. While the other outlooks remain noble, we strive to maintain our independence even in our twilight years. We will show how pensions have played this role by looking at the different types ...

ACCT 302- Exam 1 Questions and Answers - Copy.

ACCT 302- Exam 1 Questions and Answers.

ACCT 302- Exam 1 Questions and Answers.

Question 1 Lance Brothers Enterprises acquired $720,000 of 3% bonds, dated July 1, on July 1, 2021, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 4% for bonds of similar risk and maturity. Lance Brothers paid $600,000 for the investment in bonds and will receive interest semiannually on June 30 and December 31. Prepare the journal entries (a) to record Lance Brothers’ investment in the bond...

Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution Liberty University ACCT 370 Exam 4 Complete solution 100% satisfied: solutions 1. Condensed financial data are presented below for the Phoenix Corporation: 2. 3. 2019 4. 5. 2018 6. Accounts receivabl e 8. 267,500 9. 10.11.$ 12.230,00 0 13. 14.Inventory 15. 16.312,500 17. 18.19. 20.257,50 0 21. 22.Total current assets 23. 24.670,000 25. 26.27. 28.565,00 0 29. 30.Intangibl e assets 31. 32.50,000 3...

Exam (elaborations) Liberty University ACCT 370 Exam 3 Complete solution Liberty University ACCT 370 Exam 3 Complete solution 100% satisfied: solutions 1. Under IFRS, deferred taxes: 2. Which of the following items used for resolving intra-firm comparisons is not generally disclosed? 3. Which of the following does not properly describe the presentation by the lessor under ASC 842? 4. Which of the following statements is correct with respect to the use of fair value accounting for lia...