Quiz_8 solution

Quiz_8 solution - Test Canvas Page 1 of 3 FINANCIAL ACCOUNTING I(COMB SECTS 001-002 MATERIALS(ACCT401-001-SPRING-2011 > CONTROL PANEL > TEST

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Test Canvas Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options, such as feedback and images, are available for question creation. FINANCIAL ACCOUNTING I (COMB SECTS 001 - 002 MATERIALS) (ACCT401 - 001 - SPRING - 2011) > CONTROL PANEL > TEST MANAGER > TEST CANVAS Add Calculated Formula Creation Settings Name Quiz 8 Description Due by 11pm on March 25. Ch 22 Accounting Changes/Errors. Instructions Modify Add Question Here Question 1 Multiple Choice 1 points Modify Remove Question An item that should be reported as a prior period adjustment is the: Answer A. Correction of an error in depreciation from last year. B. Payment of taxes due to a tax audit of last year's tax return. C. Collection of a previously written off bad debt. D. Receipt of the proceeds of a note receivable that was due last year. Correct Feedback Correct! Incorrect Feedback Your response is incorrect! Add Question Here Question 2 Multiple Choice 1 points Modify Remove Question In 2011, internal auditors discovered that Fay, Inc. had debited an expense account for the
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This note was uploaded on 02/22/2012 for the course ACCT 401 taught by Professor Winchel during the Spring '10 term at South Carolina.

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Quiz_8 solution - Test Canvas Page 1 of 3 FINANCIAL ACCOUNTING I(COMB SECTS 001-002 MATERIALS(ACCT401-001-SPRING-2011 > CONTROL PANEL > TEST

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