labcoursepack

labcoursepack - 1 ACC 200P (all sections) Spring 2009 Lab...

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Unformatted text preview: 1 ACC 200P (all sections) Spring 2009 Lab Exercises and Take-home Quizzes Course Pack 2 3 TABLE OF CONTENTS Section 1 Forms of Bus. Ownership and the Role of Accounting 5 Section 2 The Cash Basis of Accounting. 7 Section 3 The Accrual Basis of Accounting. 9 Section 4 Introduction to Taxation 11 Ch 1 Accounting Info and Managerial Decisions and Ch 2 Ethics.. 13 Ch 3 Product Costing.. 15 Ch 4 Cost Behavior and Relevant Costs. 17 Ch 5 Job Costing, Process Costing, and Operations Costing 21 Ch 6 Activity-Based Costing 25 Ch 7 CVP Analysis.. 29 Ch 8 Relevant Costs and Product Planning Decisions 33 Ch 9 Long-Term Capital Investment Decisions... 37 Ch 10 Budgets in Planning and Decision Making 43 Ch 11 Variance Analysis........... 47 Selected Solutions to Lab Exercises 51 Take-home Quiz: Forms of Bus. Ownership and the Role of Accounting. 55 Take-home Quiz: Chapters 1 and 3.. 59 Take-home Quiz: Chapters 6 and 7.. 63 Take-home Quiz: Chapter 10 69 4 5 Section 1 Forms of Business Ownership and the Role of Accounting 1. Use the following key to indicate which form of business is being described. Some may have more than one answer : A = Sole Proprietorship B = General Partnership C = Limited Liability Company D = C-Corporation E = S-Corporation a. ___________ The owners of these types of businesses have limited legal liability. b. ___________ Approximately 70% of all business are this type yet it generates only 10% of total business revenue. c. ___________ The owner/owners have unlimited legal liability. d. ___________ This type of business is the easiest to organize. e. ___________ The owners of these types of businesses are called stockholders. f. ___________ In addition to other requirements, one requirement for this type of business is that there must be 100 or fewer shareholders....
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This note was uploaded on 04/21/2009 for the course ACC 210 taught by Professor Staff during the Spring '07 term at N.C. State.

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labcoursepack - 1 ACC 200P (all sections) Spring 2009 Lab...

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