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Final Guides

ACCT 312

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ACCT 312 Final Exam Answers    3. (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how smart hiring practices can satisfy the purpose of internal control (15 points) and (2) provide an examp..
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ACCT 312 Week 1 Homework Solution   E 16–3: Taxable income given; calculate deferred tax liability   E 16–5: Temporary difference; future deductible amounts; taxable income given   E 16–10: Deferred tax asset; taxable income given; valuation allowance &n..
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ACCT 312 Week 1 Quiz Answers   1. (TCO 1) Which causes a temporary difference between taxable and pretax accounting income? (Points : 10)   2. (TCO 1) Which difference between financial accounting and tax accounting ordinarily creates a deferred tax liability? (Points : ..
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ACCT 312 Week 2 Homework Solution   E 17–5: Determine pension plan assets   E 17–7: Changes in plan assets; determine cash contributions   E 17–10: Determine pension expense   E 17–12: PBO calculations; ABO calculations; present value concepts ..
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ACCT 312 Week 2 Quiz Answers    Pensions and Other Postretirement Benefits   1. (TCO 2) Which is not a requirement for a qualified pension plan? (Points : 10)   2. (TCO 2) Defined contribution pension plans that link the amount of contributions to compa..
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ACCT 312 Week 3 Homework Solution   E 18–5: Issuance of shares; noncash consideration   E 18–11: Retirement of shares   E 18–13: Treasury stock   E 18–19: Stock dividend   ..
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ACCT 312 Week 3 Quiz Answers Shareholders Equity   1. (TCO 4) Common shareholders usually have all of the following rights, except (Points : 10)   2. (TCO 4) Authorized common stock refers to the total number of shares (Points : 10)   3. (TCO 4) When a prope..
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ACCT 312 Week 4 Homework Solution   E 19–2: Restricted stock award plan   E 19–5: Stock options   E 19–10: EPS; shares issued; stock dividend   E 19–17: EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock opt..
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ACCT 312 Week 4 Midterm Answers   1. (TCO 1) Which event will result in a deferred tax liability?   2. (TCO 1) Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset?   3. (TCO 2) Interest c..
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ACCT 312 Week 5 Homework Solution   E 20–1: Change in principle; change in inventory methods   E 20–10: Change in depreciation methods   E 20–17: Change in estimate; useful life and residual value of equipment   E 20–24: Inventory errors &nb..
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ACCT 312 Week 6 Homework Solution   E 21–14: Identifying cash flows from investing activities and financing activities   E 21–21: Cash flows from operating activities (direct method) derived from an income statement and cash flows from operating activities indirect metho..
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ACCT 312 Week 7 Course Project ..
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ACCT 312 Week 7 Homework Solution   ..
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ACCT 312 Week 7 Quiz Answers   1. (TCO 8) Which is reported as an operating activity in the statement of cash flows? (Points : 10)   2. (TCO 8) Using the direct method, cash received from customers is calculated as sales (Points : 10)   3. (TCO 8) Which is n..
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