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ACCT 304 Intermediate Accounting – Week 4 Midterm

ACCT 304 Intermediate Accounting – Week 4 Midterm

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ACCT 304 Intermediate Accounting – Week 4 Midterm

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  1. ACCT 304 Intermediate Accounting – Week 4 Midterm Follow the link below to purchase the Exam http://www.homeworkarena.com/acct-304-intermediate-accounting-week-4-midterm Visit Website: http://www.homeworkarena.com/ Please contact us for more Tutorial & Help (climaxbegin@gmail.com)   ACCT 304 Intermediate Accounting 1.                       Question:                       (TCO 1) The SEC issues accounting standards in the form of:                               2.                       Question:                       (TCO2) The FASB's conceptual framework's qualitative characteristics of accounting information include:                               3.                       Question:                       (TCO 2) The conceptual framework's recognition and measurement concepts recognize which of the following as a principle, rather than an assumption?                               4.                       Question:                       (TCO 2) The assumption that in the absence of contrary information a business entity will continue indefinitely is the:                               5.                       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:                               6.                       Question:                       (TCO 3) Recording revenue earned, but not yet collected, from a customer is an example of:                               7.                       Question:                       (TCO 4) Accrued expenses:                               8.                       Question:                       (TCO 3) Cost of goods sold is:                               9.                       Question:                       (TCO 3) When an employer makes an end-of-period adjusting entry with a debit to supplies expense, the usual credit entry is made to:                               Question:                       (TCO 2) What are the key provisions of the Public Company Accounting Reform and Investor Protection (Sarbanes-Oxley) Act of 2002?                               2.                       Question:                       (TCO 4) Provide an example of a liability that would not require the payment of cash.                               3.                       Question:                       (TCO 5) List at least four operating activities that would be reported in the statement of cash flows for Wal-Mart. Assume the use of the direct method.

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