Acct 504 Academic Professor / Tutorialrank.Com

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ACCT 504 Entire Course (Includes All DQs, Project, Case Study, Midterm, Final) (DEVRY)
For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 3 Times, Rating: A+
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

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ACCT 504 Final Exam (3 different finals) (DEVRY)
For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 5Times, Rating: A+
1. (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 organization
2. (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 debit
3. (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 12,500

What did Cerner Company show as total credits? (Points : 5)

$21,500
$21,000
$20,500
$22,000
4. (TCOs B, E) A small and private company may be able to justify using a cash basis of accounting if it has _____. (Points : 5)

sales under…...

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