11 Pages

# chapter 6 questions

Course Number: ACCT 312, Spring 2013

College/University: Western Kentucky...

Word Count: 2091

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Chapter 3 Documenting Accounting Information Systems True-False Questions 1. Documentation includes everything except narrative descriptions. 2. A document flowchart describes the physical flow of data through an accounting information system. 3. The direction of information flow in a document flowchart is represented by arrows. 4. Document flowcharts are mainly an educational aid and are seldom used in...

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Columbia College - STAT - 4107
@ wi (✓)⇣P3.33 a. (i) h(x) = ex I{⌘k@ w i (✓ )i=1 @✓j ti (x)1&lt;x&lt;1} (x),(ii) The nonnegative real line.=c(✓) =@22 logc(✓ )@✓jp12⇡✓exp(E✓2 )✓hPik@ 2 w i (✓ )ti (x)2i=1@✓j&gt; 0, w1 (
University of the Philippines Diliman - NATIONAL I - Physics 71
Chapter 13Periodic MotionHarmonic MotionAt restX (m)Stretched by an amount At (s)Moving back towards x=0Back to x = 0, then undershootsCompressed by an amount AQuantities in HMAmplitude (A) peak to peak distancedivided by two Period (T) time
Western Kentucky University - ACCT - 312
Chapter 7Accounting Information Systems and Business Processes:Part ITrue-False QuestionsA ledger is a chronological record of business events by account.A companys chart of accounts is used to organize its general ledger.A cash disbursements journa
Western Kentucky University - ACCT - 312
Chapter 9Introduction to Internal Control SystemsTrue-False Questions1.Controls that specifically encourage operating efficiency are often called preventivecontrols.2.Controls that attempt to safeguard asset resources are often called detectivecon
Western Kentucky University - ACCT - 312
Chapter 10Computer Controls for Organizations andAccounting Information SystemsTrue-False Questions1.All controls available for the computerized accounting information system of acompany should be implemented regardless of cost due to the high rate
Western Kentucky University - ACCT - 312
Chapter 12Information Technology AuditingTrue-False Questions1.One problem with internal auditing is that it is akin to self-regulation (i.e., the auditorcannot be impartial because both the auditor and the subsystem being audited workfor the same c
Western Kentucky University - ACCT - 312
Chapter 13Developing and Implementing EffectiveAccounting Information SystemsTrue-False Questions:1.The first stage in the systems development life cycle is analyzing the companyscurrent system.2.The first stage in the systems development life cyc
Western Kentucky University - ACCT - 312
Chapter 14Accounting on the InternetTrue-False Questions1.The domain address of a web page is equivalent of its universal resource locator (URL).2.The Internet Protocol address is a numerical translation of the text-based domainaddress.3.Auditors
Western Kentucky University - ACCT - 312
Chapter 15Accounting and Enterprise SoftwareTrue-False Questions1.Middle range accounting software programs can cost as much as \$100,000 whenyou include the costs of customizing the software for a particular organization.2.SAP R/3 is a good example
Western Kentucky University - ACCT - 301
Chapter 8Accounting Information Systems and Business Processes:Part IITrue-False Questions1.The human resource management process is the same thing as the payroll process.2.The production process is only present in service organizations.3.The pri
Western Kentucky University - ACCT - 301
CHAPTER 2Conceptual Framework Underlying Financial AccountingASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. 2. 3. 4. 5. 6. Conceptual frameworkgeneral. Objectives of financial reporting. Qualitative characteristics of accounting. Elements of finan
Western Kentucky University - ACCT - 301
CHAPTER 3The Accounting Information SystemASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics1.Transaction identification.1, 2, 3, 5,6, 7, 82.Nominal accounts.Trial balance.Adjusting entries.8, 11, 13, 145.Closing.127.Inventory and costof g
Western Kentucky University - ACCT - 301
CHAPTER 4Income Statement and Related InformationASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics1.Income measurementconcepts.2.Computation of netincome from balancesheets and selectedaccounts.3.Single-step incomestatements; earningsper sha
Western Kentucky University - ACCT - 301
CHAPTER 5Balance Sheet and Statement of Cash FlowsASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestions1.Disclosure principles,uses of the balancesheet, financialflexibility.1, 2, 3, 4, 5,6, 7, 10, 18,22, 23, 252.Classification of items
Western Kentucky University - ACCT - 301
CHAPTER 6Accounting and the Time Value of MoneyASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)BriefExercisesExercises13, 1481a. Unknown future amount.7, 191, 5, 132, 3, 4, 7b. Unknown payments.10, 11, 126, 12, 15, 178, 16, 172, 64, 910, 152
Western Kentucky University - ACCT - 301
CHAPTER 7Cash and ReceivablesASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestions1.Accounting for cash.2.BriefExercisesConceptsfor AnalysisExercisesProblems1, 2, 3, 4, 21, 122, 23, 241, 21Accounting for accountsreceivable, bad debt
Western Kentucky University - ACCT - 301
EXERCISE 8-1 (1520 minutes)Items 2, 3, 5, 8, 10, 13, 14, 16, and 17 would be reported as inventoryin the financial statements.The following items would not be reported as inventory:1. Cost of goods sold in the income statement.4. Not reported in the
Western Kentucky University - ACCT - 301
CHAPTER 8Valuation of Inventories: A Cost-Basis ApproachBRIEF EXERCISE 8-3December 31 inventory per physical count .Goods-in-transit purchased FOB shipping point .Goods-in-transit sold FOB destination .December 31 inventory .\$200,00025,00022,000
Western Kentucky University - ACCT - 301
CHAPTER 8Accounting for InventoriesASSIGNMENT CLASSIFICATION TABLETopics 1. Inventory accounts; determining quantities, costs, and items to be included in inventory; the inventory equation; balance sheet disclosure. Perpetual vs. periodic. Manufacturin
Western Kentucky University - ACCT - 301
CHAPTER 8Valuation of Inventories: A Cost-Basis ApproachASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Inventory accounts; determining quantities, costs, and items to be included in inventory; the inventory equation; balance sheet disclosure. Perp
Western Kentucky University - ACCT - 301
CHAPTER 8Valuation of Inventories: A Cost-Basis ApproachASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestionsBriefExercisesExercisesProblemsConceptsfor Analysis1, 2, 3, 5, 111.Inventory accounts;1, 2, 3, 4, 5,determining quantities,6,
Western Kentucky University - ACCT - 301
EXERCISE 9-3 (1520 minutes)ItemNo.CostperUnit13201333142614371510152215731626Net Real.ValueNetLessDesignatedReplacement Realizable NormalMarketCostValueProfitValue\$3.202.704.503.602.253.001.804.70\$3.002.303.703.102.00
Western Kentucky University - ACCT - 301
CHAPTER 9Inventories: Additional Valuation IssuesASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestionsBriefExercisesExercisesProblemsConceptsfor Analysis1. Lower of cost or market.1, 2, 3,4, 5, 61, 2, 31, 2, 3,4, 5, 61, 2, 3,9, 101,
Western Kentucky University - ACCT - 301
SOLUTIONS TO EXERCISESEXERCISE 10-1 (1520 minutes)Item(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)LandLandImprovementsBuildingOther Accounts(\$275,000) Notes Payable\$275,000\$ 10,0007,0006,000(1,000)25,000250,0009,000\$ 4
Western Kentucky University - ACCT - 301
ACC 355 FAR / Intermediate Accounting IInstructor: Tom DownenSpring 2011Northern Arizona UniversityChapter 10 Homework SolutionsExercise 10-5 (Treatment of Various Costs Allegro Supply Company)Abstract FeeArchitects FeeCash for LandBuilding Razin
Western Kentucky University - ACCT - 301
EXERCISE 11-4 (1525 minutes)(a)\$279,000 \$15,000 = \$264,000; \$264,000 10 yrs. = \$26,400(b)\$264,000 240,000 units = \$1.10; 25,500 units X \$1.10 = \$28,050(c)\$264,000 25,000 hours = \$10.56 per hr.; 2,650 hrs. X \$10.56 =\$27,984(d)10 + 9 + 8 + 7 + 6 +
Western Kentucky University - ACCT - 301
ACC 355 FAR / Intermediate Accounting IInstructor: Tom DownenSpring 2011Northern Arizona UniversityChapter 11 Homework SolutionsBrief Exercise 11-8 (PP&amp;E Impairment Jurassic Company)oRecoverability Test: Book Value = \$900,000 cost \$380,000 accumula
Western Kentucky University - ACCT - 301
PROBLEM 12-3(a)SANDRO CORPORATIONIntangible AssetsDecember 31, 2010Franchise, net of accumulated amortization of \$5,870(Schedule 1) .Patent, net of accumulated amortization of \$2,200(Schedule 2) .Trademark, net of accumulated amortization of \$6,6
Western Kentucky University - ACCT - 301
ACC 355 FAR / Intermediate Accounting IInstructor: Tom DownenSpring 2011Northern Arizona UniversityChapter 12 Homework SolutionsExercise 12-1 (Classification of Intangibles)1) Investments, on the Balance Sheet2) Property, Plant, and Equipment (PP&amp;E
Western Kentucky University - ACCT - 301
PROBLEM 13-5(a)1,000,000Cash (400 X \$2,500) .1,000,000Sales .1,000,000Warranty Expense (400 X [\$155 + \$185]).136,000Liability Under Warranties .(b)Cash (400 X \$2,500) .1,000,000Sales .136,000(c)No liability would be disclosed under the cas
Western Kentucky University - ACCT - 301
CHAPTER 13Current Liabilities and ContingenciesASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Concept of liabilities; definition and classification of current liabilities. 2. Accounts and notes payable; dividends payable. 3. Short-term obligations
Western Kentucky University - ACCT - 301
CHAPTER 15Stockholders EquityASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Stockholders rights; corporate form. 2. Stockholders equity. Questions 1, 2, 3 4, 5, 6, 16, 17, 18, 29, 30, 31 7, 10 8, 9 11, 12, 17 3, 13, 14, 15 3 7, 10, 16, 17 1, 2, 4,
Western Kentucky University - ACCT - 301
CHAPTER 16Dilutive Securities and Earnings Per ShareASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. 2. 3. Convertible debt and preferred stock. Warrants and debt. Stock options, restricted stock. Earnings Per Share (EPS)terminology. EPSDetermining
Western Kentucky University - ACCT - 301
Kieso, Weygandt, Warfield, Young, WiecekIntermediate Accounting, Seventh Canadian EditionCHAPTER 17COMPLEX FINANCIAL INSTRUMENTSASSIGNMENT CLASSIFICATION TABLETopics 1. Convertible debt and preferred shares. 2. Warrants and debt. 3. Stock options. 4.
Western Kentucky University - ACCT - 301
CHAPTER 18Revenue RecognitionASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)BriefExercisesExercisesProblems*1. Realization and recognition; 1, 2, 3, 4,sales transactions; high5, 6, 22rates of return.11, 2, 31*2. Long-term contracts.7, 8, 9, 10,
Western Kentucky University - ACCT - 301
Kieso, Weygandt, Warfield, Young, WiecekIntermediate Accounting, Seventh Canadian EditionCHAPTER 18EARNINGS PER SHAREASSIGNMENT CLASSIFICATION TABLETopics 1. General objectives and basic calculations 2. Weighted average calculation. 3. Determining po
Western Kentucky University - ACCT - 301
CHAPTER 22Accounting Changes and Error AnalysisASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestions1.Differences between change inprinciple, change in estimate,change in entity, errors.2, 4, 6, 7,8, 9, 12, 13,15, 21, 22,232.BriefExerci
Western Kentucky University - ACCT - 301
CHAPTER 23Statement of Cash FlowsASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)Topics 1. Format, objectives purpose, and source of statement. Classifying investing, financing, and operating activities. Direct vs. indirect methods of preparing operating act
Western Kentucky University - ACCT - 301
CHAPTER 24Full Disclosure in Financial ReportingASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsBriefQuestions Exercises* 1.The disclosure principle; typeof disclosure.2, 3, 22* 2.Role of notes that accompanyfinancial statements.1, 4, 51, 2
Western Kentucky University - BA - 592
Chapter 4 Planning and Change ManagementHR PlanningProcess of analyzing and identifying the need for andavailability of human resources so that the organizationcan meet its objectives.Comparing the present with the futureSupply and DemandChanges ne
Western Kentucky University - BA - 592
Job AnalysisWhat is it and why is it important?What is a job?A grouping of tasks, duties, andresponsibilities that constitutes the total workassignment for an employee.Enhances execution of business strategyIncreases effectivenessStructure depends
Western Kentucky University - BA - 592
Eithertheemployeeortheemployermayterminatetheemploymentrelationshipat: Anytime Foranyreason Withoutpriorwrittennotification Assumingthereisntacontracttothecontrary.WeakenedLegalChallengesImpliedcontractswithemployees: Longevity Pastperformance
Western Kentucky University - BA - 592
Western Kentucky University - BA - 592
Chapter 8 Training andDevelopmentORGANIZATIONALSOCIALIZATIONSOCIALIZATIONOrganizational SocializationOrganizationalThe process used to transform newTheemployees into effective companymembers.members. Effective socialization Preparation to per
Western Kentucky University - BA - 592
Chapter 14ChapterCollective Bargaining and LaborCollectiveRelationsRelationsWhat is a union?What A formal association of workers thatformalpromotes the interests of its membersthrough collective action.through Employees act as a single unitE
CUNY Baruch - MKT - 3000
WelcometoabnormalPsychology!Chapter1ABNORMALPSYCHOLOGY:THECORECONCEPTSAbnormal Abnormal Psychology AKA: Psychopathology Fascinating area of study but controversial Determining what isnormal and what is abnormalbehavior can be tricky.Six core conc
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - MATH - 1112
GA Southern - HIST - 2112
GA Southern - HIST - 2112
GA Southern - HIST - 2112