Practice Set AssignmentsComprehensive Tax Return Problems
David R. and Sheri N. Johnson (ages 45 and 46) are married and live at 641 Cody Way, Casper, WY 82609.
David is a consulting engineer, while Sher
Anchor Text: Shells
In what ways are both Michael and Aunt Esther unhappy?
1. What do you know about the characters so far?
2. Who are the characters in the story?
3. How do the characters act in similar ways? What words and details from the
Chapter 8 Quiz
Merchandising concerns report the cost assigned to unsold units left on hand as finished goods
False (Merchandising firms call their unsold units Merchandise Inventory)
Under a perpetual inventory system which accounts should be
Chapter 7 Quiz
During the year, Trout Enterprises made an entry to write off a $8,000 uncollectible account.
Before this entry was made, the balance in accounts receivable was $100,000 and the balance
in the allowance account was $9,000. The net realizabl
Chapter 9 Quiz
In applying Lower-of-Cost-or-Market, the designated market value is
The middle value of replacement cost, net realizable value and net realizable value less
a normal profit margin
In applying the lower of cost or market rule, the floor is d
Chapter 12 Quiz
Costs incurred internally to create intangibles are
Expensed as incurred
Which of the following methods of amortization is normally used for intangible assets?
Which intangible assets are amortized?
Chapter 18 Quiz
Revenue is considered to be earned when
A company has substantially completed what it must in order to be entitled to the
benefits represented by the revenues
Revenue from selling assets other than inventory is generally recognized
Chapter 10 Quiz
Cayo Casta Cabins Corporation recently purchased Ship Island Resort and Casino and the land
on which it is located with the plan to tear down the resort and build a new luxury hotel on the
site. Cayo Casta Cabin Corporation salvaged fixtur
Chapter 11 Quiz
For the composite method, the composite
Life is the total depreciable cost divided by the total annual depreciation
An impairment of property, plant, or equipment has occurred if
The expected future net cash flows is less than the assets c
Chapter 17 Quiz
A correct valuation is
Held-to-maturity at amortized cost
Unrealized holding gains or losses which are recognized in income are from securities classified
Debt securities that are accounted for at amortized cost, not fair value,
Chapter 6 Quiz
The table that would show the smallest value for 7 periods at 5% is the:
Present value of 1 table
The amounts that must be deposited now at 6% interest to permit withdrawals of $10,000 at the
end of each period for a specified number of per
1) What do you think of Dustys decision to
race again considering his experience last
2) Why is number six (6) a good position for
Dusty to begin the race in?
3) About how long is the Jr. Iditarod race? How
do you k
Morning Do Now
Literacy: Harcourt Trophies
2014-2015 School Year
Mrs. Rogers Room 209
WEEKLY OBJECTIVES: SWBAT summariz
SELLING ASSESSMENT LIST #3
Circle the word in each row that is spelled correctly.
ACCT Sec 003
Chapter 11 SE-10
Value of bond = $400,000
Interest rate = 9%
Time period = 4 months (May 1 September 1)
To calculate interest expense it would be = value of bond x interest rate x time period
400,000 x 9/100 x 4/12 = $12