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Unformatted text preview: AC551 Intermediate Accounting II Midterm Study Guide TCOs Covered: C and D-Chapter 12-14 Total Point Value: 200__ The midterm contains 6 multiple choice questions, 14 short answer/essay questions and 1 matching question Time Allowed _3.5_ hrs-7 Pages in the exam Chapter. TCO Topic Total Pt. Value Percentage Of Exam (rounded) Question Type 12-14 C Identify (in accordance with FASB Statement No. 2 ) each of the following activities as: a. Research and development b. Not research and development 28 14% Matching 12-14 C & D Effective Interest Method: Determine Interest Expense by Effective Interest Method and Straight Line Amortization 16 8% short answer/essay questions 12-14 C & D Patent Amortization Calculations and Determining Impairment of Assets 10 5% Multiple Choice 12-14 C & D Procedures to Write off Goodwill Topics 10 5% Short Answer 12-14 C & D Amortization Calculations of Intangibles and Review of Impairment Process 15 8% Short Answer/Essay 12-14 C & D Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds...
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This note was uploaded on 01/08/2010 for the course ACC 551 taught by Professor None during the Spring '09 term at Ill. Chicago.
- Spring '09