ACCT 504 Devry Course Tutorial / Uoptutorial

Posted by admin on January 11, 2018 in Articles

ACCT 504 Entire Course (Dervy)
For more course tutorials visit
www.uoptutorial.com
ACCT 504 Week 1-7 All Discussion Questions
ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation
ACCT 504 Week 4 Midterm Exam Set 1
ACCT 504 Week 4 Midterm Set 2
ACCT 504 Week 4 Midterm Set 3
ACCT 504 Week 5 Case Study 2 Internal Control – LJB Company
ACCT 504 Week 5 Course Project Draft Spreadsheet
ACCT 504 Week 6 Case Study 3 – Cash Budgeting – LBJ Company
ACCT 504 Week 7 Course Project JCP Kohls
ACCT 504 Final Exam (3 different finals)—————————————————————————————————————————————————————ACCT 504 Final Exam (Devry)
For more course tutorials visit
www.uoptutorial.com1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)
Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)
the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit
the Dividends account will be decreased with a debit3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 1,000
Dividends 500
Revenues 15,000
Expenses 12,500What did Cerner Company show as total credits? (Points : 5)
$21,500
$21,000
$20,500
$22,000
4. (TCOs B, E) Using accrual accounting, expenses are recorded and reported only _____. (Points : 5)
when they are incurred, whether or not cash is paid
when they are incurred and paid at the same time
if they are paid before they are incurred
if they…