Essay on Acc 400 Help Innovation Is Our Tradition/Acc400Help.Com

1600 Words May 27th, 2016 7 Pages
ACC 400 Entire Course (UOP)
FOR MORE CLASSES VISIT www.acc400help.com ACC 400 Week 1 DQs
ACC 400 Week 2 DQs
ACC 400 Week 3 DQs
ACC 400 Week 4 DQs
ACC 400 Week 1 E-text Individual Assignments
ACC 400 Week 2 E-text Individual Assignments
ACC 400 Week 3 E-text Individual Assignments
ACC 400 Week 5 E-text Individual Assignments
ACC 400 Week 1 Summary
ACC 400 Week 2 Summary
ACC 400 Week 3 Summary
ACC 400 Week 4 Summary
ACC 400 Week 5 Summary
ACC 400 Week 1 Individual Assignment: Current and Noncurrent Assets Paper
ACC 400 Week 2 Learning Team Assignment Assignments from the Readings
ACC 400 Week 4 Learning Team Assignment
ACC 400 Learning Team Assignment Interpreting Financial Statements Presentation
ACC 400 Week 5 DQs
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What was the result of the exchange? a. A $600 gain on the disposal of a plant asset. b. A $1,000 unrecognized gain on the exchange of a plant asset. c. A cost basis of $22,400 for the new plant asset d. A cost basis of $23,600 for the new plant asset 4. Which one of the following is not an objective of a system of internal controls? a. Safeguard company assets b. Overstate liabilities in order to be conservative c. Enhance the accuracy and reliability of accounting records d. Reduce the risks of errors 5. A company’s past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5 % in the second month after the sale; the remainder is never collected. Budgeted credit sales were: July $120,000 August 72,000 September 180,000 The cash inflow in the month of September is expected to be a. $135,600 b. $102,600 c. $108,000 d. $129,600 6. A check for $275 is incorrectly recorded by a company as $257. On the bank reconciliation, the $18 error should be a. Added to the balance per books. b. Deducted from the balance per book. c. Added to the balance per bank. d. Deducted from the balance per bank. 7. The Allowance for Doubtful Accounts is necessary because a. when recording uncollectible accounts expense, it is not possible to know which specific accounts will not pay. b. uncollectible accounts that are written off must be accumulated in a separate account. c. a liability results when a credit sale is made. d. management

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