Acc 304 Possible Is Everything--snaptutorial.com

1. On January 1, 2015, Piper Co. issued ten-year bonds with a face value of $3,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. What is the compensation expense recorded by Swing High Inc.?

2. ACC 304 Week 1 Chapter 8 Homework For more classes visitwww.snaptutorial.com ACC 304 Week 1 Chapter 8 Homework  1)      Matlock Company uses a perpetual inventory system. Its beginning inventory consists 50 units that cost $34 each. During June , (1) the company purchased units at $34 each, (2) returned 6 units for credit ,and (3) sold 125 unit at $50 each. Journalize the June transactions.2)      Amsterdam Company uses a periodic inventory system. For April, When the company sold 600 units, The following information is available. calculate weighted average cost per unit.3)      Arna, Inc. uses the dollar value LIFO method of computing its inventory. Data for the past 3 year follow. Compute the value of the 2014 and 2015 inventories using the dollar-value LIFE method.4)      Craig Company asks you to review its December 31, 2014, inventory values and prepare the necessary adjustments to the book. The following information is given to u. determine the proper inventory balance for Craig Company at December 31, 2014.5)      Prepare any correcting entries to adjust inventory to its proper amount at December 31, 2014. Assume the books have not been closed.6)      The net income per books of Linda Patrick Company was determined without knowledge of the errors indicated below. Prepare work sheet to show the adjusted net income figure for each of the 6 years after taking into account the inventory errors.7)      Presented below the information related to Dino Radja Company. Compute the ending inventory for Dino Radja Company for 2011 throw 2016 using the Dollar value LIFO method.8)      Under IFRS, an entity should initially recognize inventory when9)      With respect to accounting of inventories, which of the following is a difference that exists for IFRS, as opposed to U.S GAAP?10)  Some of the transactions of Torres Company during August are listed below. Torres uses the periodic inventory method.

3. ACC 304 Week 2 Chapter 9 Homework Floyd Corporation has the following four items in its ending inventory. Determine the final lower-of-cost-or-market inventory value for each item. Bell, Inc. buys 1,000 computer game CDs from a distributor. Determine the cost per CD for each group using the relative sales value method. Boyne Inc. had beginning inventory of $12,000 at cost. Compute ending inventory at cost using the conventional retail method.

4. ACC 304 Week 3 Chapter 10 Homework For more classes visitwww.snaptutorial.com ACC 304 Week 3 Homework (Chapter 10) 1)      Hanson Company is constructing a building. Construction begins on February 1 and was completed on December 31. Expenditure were $1,800,000 on march 1, $1,200,000 on June 1, and $3,000,000 on December 31. Compute Hanson’s weighted-average accumulated expenditure for interest capitalization purposes.

5. The book value of a plant asset is ______. The asset turnover ratio is computed by dividing ______. On September 19, 2014, Markham Co. purchased machinery for $285,000. Salvage value was estimated to be $15,000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Markham should record depreciation expense for 2015 on this machinery of ______. In 2014, Bargain shop reported net income of $5.7 billion, net sales of $175 billion, and average total assets of $70 billion. What is Bargain shop's asset turnover ratio?