ACCT 300B Intermediate Accounting Fall 2017 Quiz #1a 10 points
1. Which of these is not included in an employer's payroll tax expense? (1 pt)
A. Federal unemployment taxes
B. State unemployment taxes
C. Federal income taxes
ACCT 300B Intermediate Accounting Fall 2017 Quiz#3 (Ch.15) 10 points
1. Issued stock refers to the number of shares: (1 pt)
A. Outstanding plus treasury shares.
B. Shares issued for cash.
C. In the hand of shareholders.
D. That may be
ACCT 300B Intermediate Accounting Fall 2017 Quiz#2a (Ch.14) 10 points
1. When bonds are sold at a premium and the effective interest method is used, at each interest
payment date, the interest expense (1 pt):
premium 8% < 10% < 12% Di
Problem 1 Journal Entries for Treasury Stock Transactions (Cost Method)
In-Need-of-Cash, Inc., re-acquired and then re-issued some of its own $10-par common stock,
issued originally at $25. Treasury stock is accounte
Chapter 17 In-class Problems
On February 18, 2016, Union Corporation purchased 10,000 shares of IBM common
stock as a long-term investment at $60 per share. On December 31, 2016, and
December 31, 2017, the market value of IBM stock is
On January 1, 2015, Bishop Company issued 10% bonds dated January 1, 2015, with a face amount
of $20 million. The bonds mature in 2024 (10 years). For bonds of similar risk and maturity, the
market yield is
Example 1 - Basic and Diluted EPS
Assume that the following data relative to Eddy Company for 2016 is available:
Transactions in Common Shares
Jan. 1, 2016, Beginning number
Mar. 1, 2016, Purcha
Chapter 13 In-Class Problems
Income before bonus
a) Compute the bonus on income after the bonus, but before taxes.
B = .20($300,000 B)
B = $50,000
b) Compute the bonus on income after taxes, but bef
less current portion
Summary of Significant Accounting Policies
Accounting Policies [Abstract]
Basis of Presentation and Preparation
New Accounting Pronouncements
Software Development Costs
ACCT 500 APPLE INC. REVENUE RECOGNITION CASE
This is a group assignment with guidelines consistent with the previous case assignments. Each group
should submit the assignment (through the BeachBoard dropbox) by the specified due date.
The purpose of this
Case Assignment 1: Rocky Mountain Chocolate Factory (50 Points)
This is a group assignment (please use the groups that were assigned at orientation). Each group should
designate one group leader for this assignment. It is the group leaders responsibility
How is goodwill measured in a business combination?
According to FASB ASC 805-30-30-1:
Measurement of Goodwill
30-1 The acquirer shall recognize goodwill as of the acquisition date, measured as the
Problem 9 (Extra Credit due 10/12)
The information below relates to Milton Company's trading securities in 2016 and 2017.
Prepare the journal entries for the following transactions.
May 1, 2016
Purchased $250,000 par value of GLF Company bonds at 97 plus
Brief Exercise 1-2
Your answer is correct.
IJsted below are the three functions of the management of an organization.
1. Planning 2. Directing 3. Controlling
Identify which of the following statements best describes each ofthe above functions.
(a) - - - -
Acct 300A Final Exam Review Questions
1. The designated market value
a. is always the middle value of replacement cost, net realizable value, and
net realizable value less a normal profit margin.
b. should always be equal to net realizable value.
c. may s
The purpose of this case is to become familiar with the GAAP codification.
You will need to log into the GAAP Codification website: http:/aaahq.org/ascLogin.cfm
The User ID is: AAA51300
The Password is: 7fD6eEA
Once you have accesse
Chapter 11 - Read Illustration Capsule 11.1 on page 326 and answer the following
question: Illustration Capsule 11.1: What did Whirlpool do to sustain the productivity gains
and cost savings
derived through its implementation of Six Sigma?
A scatter plot is known to be a chart of a scatter of points in which the points denote a value of an observation of two
select variables (Albright & Winston, 2015). A scatter diagram is used in order to analyze the correlation between two
Topic: Starbucks sales up as new stores, customer loyalty grow in Q2
Date: April 21, 2016
Source: Internet - USA Today: http:/www.usatoday.com/story/money/2016/04/21/starbuckssales-up-new-stores-customer-loyalty-grow-q2/83280066/
In the FY16 seco
Prepare Case 5: Under Armours Strategy in 2014: Potent Enough to Win
Market Share from Nike and Adidas? Part Two of the textbook Cases in Crafting
and Executing Strategy list a variety of companies with valuable lessons for
students in the art and science
Running head: PROBLEMS AND EXERCISES #2
Problems and Exercises #2
Budgeted overhead rate = Budgeted overhead/budgeted allocation base
a. Calculate the profitability of each of the three regional offices after allocating the
corporate expenses to the
Temporary Differences W329
Examples of Temporary
Revenues or gains are taxable after they are recognized in financial income.
An asset (e.g. accounts receivable or investment) may be recognized for revenues or
gains that will result in taxable
GROUP ASSIGNMENT II
STATEMENT OF CASH FLOWS
Name of company chosen: _Starbucks_
Information about the company:
What is the industry classification for the company (according to Fortuneor the Internet site you are
Describe the nature of the compa
Revenues or gains are taxable after they are recognized in financial income. An asset (e.g., accounts receivable or investment) may be recognized for revenues or
gains that will result in taxable amounts in future years when the asset is recovered. Exampl
Midterm will contain 15 multiple-choice questions (30pt), 4 calculation problems (60pt) and 1
essay question (10pt). Five calculation problems are provided here for your practice.
I. Multiple-choice Questions:
1. Which of the follo