ACC 421 Final Exam Guide (New)/tutorialoutlet

1
ACC 421 Final Exam Guide (New)
www.acc421genius.com
2
ACC 421 Final Exam Guide (New)

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•  Number of Questions 30
• Score atleast 90 easily with our EXCEL SHEET for
  any values (EVEN IF VALUES CHANGES) of below
  mentioned Question

3
An income statement

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  
• uopashinfo_at_gmail.com
• 1. An income statement.
• 2. A retained earnings statement.
• 3. A balance sheet.

4
cash used (provided) by financing activities. 7

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Splish Repair Shop had the following
  transactions during the first month of business
  as a proprietorship. Journalize the transactions

5
Classify the following items

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Included in Novak Companys December 31 trial
  balance is a note receivable of 12,360. The note
  is a 4-month, 10 note dated October 1.

6
Compute the net cash provided

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Kingbird Corporation had net sales of 2,423,900
  and interest revenue of 39,100 during 2017.

7
Discount on Bonds Payable

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Presented below is information related to Windsor
  Company at December 31, 2017, the end of its
  first year of operations.

8
enters into a contract to deliver a product

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Sheffield Company has recorded bad debt expense
  in the past at a rate of 1.5 of accounts
  receivable, based on an aging analysis.

9
How much must he invest at the end

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Presented below are changes in the account
  balances of Wenn Company during the year, except
  for retained earnings.

10
In which building would you recommend

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   The Marin, Inc. sold 10,350 season tickets at
  2,040 each. By December 31, 2017, 16 of the 40
  home games had been played. What amount should be
  reported as a current liability at December 31,
  2017?

11
Included in Novak Companys

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Martinez Corporations adjusted trial balance
  contained the following asset accounts at
  December 31, 2017 Cash 9,750, Land 45,600,
  Patents 17,100, Accounts Receivable 94,270,
  Prepaid

12
Kingbird Company is involved

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Included in Sunland Companys December 31,
  2017, trial balance are the following accounts
  Accounts Payable 221,400, Pension Liability
  380,600

13
Kingbird Corporation had net sales

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   9 Included in Windsor Companys December
  31, 2017, trial balance are the following
  accounts Accounts Payable 249,600, Pension
  Liability 376,400, Discount on Bonds Payable
  29,400

14
Martinez Corporation had net cash

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Sarasota Company reported 2017 net income of
  152,800. During 2017, accounts receivable
  increased by 14,580 and accounts payable
  increased by 9,723. Depreciation expense was
  46,700.

15
Martinez Corporations adjusted trial balance

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Compute the net cash provided (used) by investing
  activities.

16
Novak Corporation is preparing

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Compute the net cash used (provided) by
  financing activities. 7.

17
Prepare Carlas journal entries

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   What amount must he invest today if his
  investment earns 12 compounded annually? What
  amount must he invest if his investment earns 12
  annual interest compounded quarterly?

18
Prepare the journal entries for Kingbird

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• How much must he invest at the end of each year,
  at 8 interest, to meet his needs?

19
Prepare the necessary adjusting journal entries

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• What amount will Pearl receive when it issues the
  bonds?

20
Presented below are three revenue recognition
situations

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• In which building would you recommend that The
  Sheridan Inc. locate, assuming a 12 cost of
  funds?

21
Sarasota Company reported 2017 net income

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   On May 10, 2017, Swifty Co. enters into a
  contract to deliver a product to Greig Inc. on
  June 15, 2017. Greig agrees to pay the full
  contract price of 2,060 on July 15, 2017.

22
Sheffield Company has recorded bad debt

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Presented below are three revenue recognition
  situations.

23
Splish Repair Shop had the following transactions

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Prepare the journal entries for Kingbird on
  March 1, 2017.
• (b) Prepare the journal entries for
  Kingbird on December 31, 2017.

24
Teal Corporation had the following

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Prepare Carlas journal entries to record (a) the
  sale on July 10, 2017, and (b) 84,200 of returns
  on October 11, 2017, and on October 31, 2017.
  Assume that Carla prepares financial statement on
  October 31, 2017.

25
the account balances of Wenn Company

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Classify the following items as (1) operating,
  (2) investing, (3) financing, or (4) significant
  noncash investing and financing activities, using
  the direct method.

26
The current ratio of a company

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• Novak Corporation is preparing its 2017 statement
  of cash flows, using the indirect method.
  Presented below is a list of items that may
  affect the statement. Using the code below,
  indicate how each item will affect Novaks 2017
  statement of cash flows.

27
the end of its first year of operations

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Whispering Corporation had January 1 and
  December 31 balances as follows.

28
The Marin, Inc. sold 10,350 season tickets

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   In 2017, Martinez Corporation had net cash
  provided by operating activities of 511,000, net
  cash used by investing activities of 992,000,
  and net cash provided by financing activities of
  570,000. At January 1, 2017, the cash balance
  was 330,000.

29
trial balance are the following accounts

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Teal Corporation had the following 2017 income
  statement.
• (a) Prepare Teals cash
  flows from operating activities section of the
  statement of cash flows using the direct method.

30
What amount must he invest today

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
• (a) The current ratio of a company is 51 and its
  acid-test ratio is 11. If the inventories and
  prepaid items amount to 530,000, what is the
  amount of current liabilities?

31
when it issues the bonds?

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   (c) A company has current assets of 90,000 (of
  which 44,000 is inventory and prepaid items) and
  current liabilities of 44,000. What is the
  current ratio? What is the acid-test ratio? If
  the company borrows 14,000 cash from a bank on a
  120-day loan, what will its current ratio be?
  What will the acid-test ratio be?

32
Whispering Corporation

• FOR MORE CLASSES VISIT
• www.acc421genius.com
• if you are looking for customized help for this
  course
• guaranteed above 90 score
• you can email us at 
•  uopashinfo_at_gmail.com
•   Kingbird Company is involved in four separate
  industries. The following information is
  available for each of the four industries.
• (a) Revenue test.

33
ACC 421 Final Exam Guide (New)
www.acc421genius.com