October 31, 2011
Balance per bank statement
Additions by depositor not on bank statement:
Deductions by depositor not on bank statement:
1. In some leasing situations, one party to the lease capitalizes it
while the other party treats it as an operating lease. Which of the
following could not cause that to occur?
*a. unguaranteed residual
b. third party guarantee of residual
c. the parties
1. Two firms enter into a lease of one office in a large downtown
office building that has hundreds of offices, and sign the lease on
1/1/x4. The lease term is 3 years and 6 months. A bonus of
$50,000 is paid by lessee to secure the lease (the office is i
Accy 1/ Sec (5,8) / Our Practice Test 1(Chapters 1-4) / Fall 2016 (Please read the important paragraph on page 29)
1. Profit is the difference between
a. assets and liabilities
b. the incoming cash and outgoing cash
c. the assets purchased with cash contr
CALIFORNIA STATE UNIVERSITY, SACRAMENTO
College of Business Administration
ACCY 1-08 Fundamentals of Financial Accounting
SYLLABUS / Fall 2016
Behrooz Amini, MBA, MA, CPA
OFFICE HOURS: T/R: T/R: 8 to 8:45 am, and 10:45 to 11:3
ACCY 113 / EXAM 1 / f16
Jot your name in 3 places: (1) in the space above, (2) on your
scantron, and (3) on the last page of the exam.
There are 15 multiple choice questions @ 4 pts each, and 3
open-ended questions totaling 40
HW Chapter 3
Question 3 27
Jenko Corp. is an audit client of the Phoenix office of Williams and Co., CPAs. Williams and Co.
has offices in Arizona, including ones in Phoenix, Tucson, and Tombstone. For purposes of
independence, the AICPA requires
HW Chapter 2
What are the duties and responsibilities of the Public Company Accounting Oversight Board?
The duties and responsibilities of the Public Company Accounting Oversight Board include:
Conduct inspections of register
HW Chapter 4
Question 4 30
Assume that in a particular audit the CPAs were negligent but not grossly negligent. Indicate whether
they would be liable or not liable for the following losses proximately caused by their negligence
and determine that
1 28. Multiple Choice Questions Select the best answer for each of the following items and give reasons
for your choice.
a. Which of the following best describes the relationship between assurance services and attest
( 1) While attest services i
Exercises and Problems Ch. 2
Seiier Company has the following information:
Wot -in- mess F ixy'siwd Ggds h-Iateriais
Bcgitming inventory 300 $400 3 $00
Ending inventory 700 900 1-500
Purcimses of materials - S 7.700
cfw_Lost ofGoods Said "315.600
1. Perkins Co. produces and sells a single product. The companys income statement for the
most recent month is given below:-
Sales (6,000 units at $40 per unit) . $240,000
Less manufacturin costs: ,. r
Direct materials.l.i.i:8 . $48,000 \/ \/ '
Give an example of where two written messages on the same topic may have to be different to meet the
needs of two different audiences.
Topic: Budget cuts
To potential investors, creditors, and financial statement users: (External)
Because budget cuts
Berliner Ring 2, 38440 Wolfsburg, Germany
Telephone: +49-5361-9-0 Fax: +49-5361-9-28282
Dear valued customers, clients, and stakeholders,
My name is Matthias Mller, and I have been the CEO of Volkswagen AG sense September 25,
How can the format of a report reflect a writers strategic consideration of the situation?
If the writer does not write to the correct audience the message will be lost. If they do not do enough
research for a formal report they could look like they didnt
When I was a manager for a fast food restaurant, we did not have the convenience of cameras or
computers. Every end of day we did all the paperwork by hand including; labor percentages, sales, paper
waste, time cards, and many more calculations with o
1. A US firm has the following at year-end:
_ Cash on hand, $400
_ Cash (bank) account restricted for future debt retirement, $5,000
_ Euros translated to $US, $3,000
Compute the ending balance of cash per the balance sheet.
During the next few days, observe how people around you use the personal space communication zones
detailed in the text. If these zones are not utilized according to what is predicted in the text, what other
factors might explain the discrepancies?
I used to work in the fast food industry for 7 years, so I have seen a lot of communication errors. One
that stood out to me was a manager who called out to his sandwich maker that there was going to be an
order for 50 hamburgers. "Jo
AE7-6 (a) Selleck has recently started the manufacture of RecRobo, a three-wheeled robot that can scan a home fo
this information to a mobile phone. The cost structure to manufacture 20,080 RecRobo's is as follows.
Direct labor ($31 per robot
E24-3 Prepare flexible manufacturing overhead budget
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.
Variable manufacturing overhead costs per direct labor hour are as follows.
E17-7 Prepare a production report
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost
data for March 2017, the first month of operation.
Production: 7,000 units finished and transferred out; 3,000 units sta
TOHaas Company prepares monthly cash budgets. Relevant data from operating
budgets for 2011 are:
Sales $350,000 $400,000
Direct materials purchases 110,000 130,000
Direct labor 90,000 100,000
Manufacturing overhead 70,000 75,000
E6-20 -Determine ending inventory at cost using retail method
Gepetto Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes.
The following information for each department is obtained.