Acct 307 - Study guides, Class notes & Summaries

Mastering ACCT 307 Test 1 Part Two: Comprehensive Study Guide with Verified Questions GRADEED A+

What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? Chart of accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? It is possible to add more accounts after starting a new company What company information does QuickBooks ask for when you first create a new QuickBooks online account? The industry of the business Where is the Company Settin...

What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? Chart of accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? It is possible to add more accounts after starting a new company What company information does QuickBooks ask for when you first create a new QuickBooks online account? The industry of the business Where is the Company Settin...

Tim exchanges plumbing services for a new roof. The roof is properly valued at $2,500, but Tim would have only billed $2,200 for the plumbing services. a) What amount of income should Tim recognize on the exchange of his services for a roof? b) Would your answer have changed if Tim would have normally billed $3,000 for his services? a) $2,500 b) No; always look at fair market value of what you receive when looking at the exchange of services. Jerry has a certificate of deposit at the local...

AIS final exam Questions and Answers graded A+ Which of the following is not essential to the definition of an accounting information system? a. Software b. Documents c. Decision makers d. Financial data a. Software All of the following are facts about an Accounting Information System (AIS) except: a. An AIS should provide some form of internal control b. An AIS always incorporates information technology c. An AIS usually provides generic purpose financial statements as an output...

UCW-Academic-Calendar-2020-2021 ENGL 080 (0)—Academic Writing Fundamentals In this academic writing fundamentals course, students will acquire and develop the academic English language skills necessary to succeed in a Canadian university. They will learn basic essay design, strategies and tools to limit inaccuracies, basic academic vocabulary, incorporation of research, summarizing/paraphrasing techniques to avoid plagiarism, and how to develop critically reasoned arguments. UAC 010 (0)...

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...

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...

Access control list (ACL) - ANSWER A list of bona fide IP addresses that network administrators create to protect internal systems which limits entry to authorized (included) users. Firewall protection. Access security - ANSWER Restricting access to bona fide users. Access authentication requires individuals to prove they are who they say they are. Business-to-business (B2B) e-commerce - ANSWER Businesses buying and selling goods and services to each other over the Internet. This allows bu...