Acct 304 quiz 1 - Study guides, Class notes & Summaries

Week 1 Quiz 1. Question : (TCO 1) The SEC issues accounting standards in the form of Question 2. Question : (TCO 2) Enhancing qualitative characteristics of accounting information includes each of the following, except Question 3. Question : (TCO 3) XYZ Corporation receives $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transaction would include a Question 4. Question : (TCO 3) Cal Farms reported a supplies expense ...

WEEK 2 QUIZ 1 1. (TCO 4) Cash equivalents would not include (Points : 5) 2. (TCO 4) Rent collected in advance is (Points : 5) 1. (TCO 4) An asset that is not expected to be converted to cash or to be consumed within one year of the operating cycle is (Points : 5) 1. (TCO 4) Current assets include cash and all other assets expected to become cash or to be consumed (Points : 5) Question 2.2. (TCO 4) Which is a shareholders' equity account in the balance sheet? (Poin...