Chegg Writers

support@cheggwriters.com
  • Home
  • Services
    • Assignment Writing Services
      • Essays
      • Term Paper
      • Literature Review
      • Coursework
      • Case Study
      • Capstone Project
      • Speech Writing
    • Dissertation Writing Services
      • Dissertation Proposal
      • Dissertation Writing
      • Dissertation Editing/Proofreading
      • Grant Proposal
    • Report Writing Services
      • Critical Writing
      • Reflective Writing
    • Admission Writing Services
      • Personal Statement
      • Application Essay
      • Scholarship Essay
      • Curriculum Vitae (CV)
      • Other Services
  • How it Works
    • FAQs
  • Testimonials
  • About Us
    • Contact Us
  • Order Now
Place an Order
  • Home
  • blog
  • ACCT 212 Financial Accounting Devry Final Exam
 

ACCT 212 Financial Accounting Devry Final Exam

Thursday, 03 August 2017 / Published in Uncategorized

ACCT 212 Financial Accounting Devry Final Exam

Get An Answer to this Question.

ACCT 212 Week 8 Final Exam (Explanatory)


1. (TCO 3)At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. (10 points) (Points : 20)

2. (TCO 2)As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle. (1) Explain how the debit/credit rules are used when developing journal entries (10 points) and (2) provide an example of the application of the debit/credit rules in the form of a journal entry. (10 points)(Points : 20)

3. (TCO 5)Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented. (10 points) (Points : 20)

4. (TCO 4)Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the First in First out (FIFO) method is applied (10 points) and (2) provide an example of the impact that this method of inventory valuation will have on Gross Profit. (10 points) (Points : 20)

5. (TCO 1)To evaluate the financial operation and health of a business ratio analysis is used. (1) Provide the formula for the Current Ratio and explain how it is computed (10 points) and (2) provide an example of how this ratio can be used in decision-making in business. (10 points) (Points : 20)

6. (TCO 6)BagODonuts Company bought a used delivery truck on January 1, 2010, for $19,200. The van was expected to remain in service 4 years (30,000 miles). BagODonuts’ accountant estimated that the truck’s residual value would be $2,400 at the end of its useful life. The truck traveled 8,000 miles the first year, 8,500 miles the second year, 5,500 miles the third year, and 8,000 miles in the fourth year…(Points : 25)

7. (TCO 7)ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized the following capital stock: Preferred Stock: 7%, par value $100 per share, 100,000 shares. Common Stock: $1 par value, 500,000 shares….(Points : 25)

8. (TCO 5)Fraud is an intentional misrepresentation of facts, made for the purpose of persuading another party to act in a way that causes injury or damage to that party. In our readings and discussions we have seen several examples of fraud in business. Using that experience (1) provide an example of a common fraudulent practice in business with an explanation of how the practice works and (2) name and describe each of the elements of the Fraud Triangle.

9. (TCO 5)Internal Control Procedures are in place to protect the assets of every business as mentioned in the textbook and our discussions. Of the seven internal control procedures, list five of these controls and describe how each procedure is implemented (Points : 25)

10. (TCO2)Below are the accounts of Super Pool Service, Inc. The accounts have normal balances on June 30, 2012. The accounts are listed in no particular order…(Points : 25)

11. (TCO4)Linda’s Lampshades started business on Jan. 1, 2001. They had the following inventory transactions :….(Points : 25)

Place an Order Now

What you can read next

Which of the following statements concerning preferred stock is most correct?
essay of at least 500 words in reaction to the documentary. I am interested in y
HUMAN SUBJECT PROTECTIONS

 Why Us

 Money-Back Guarantee 


 Plagiarism-free papers


 Affordable Prices and Discounts


 High Quality Papers


 FREE Revisions


 Professional Writers


 24/7 Support Team

We Accept these Payments

 Format and Free Features

 Approx. 275 words / page


 All paper formats (APA, MLA, Harvard, Chicago/Turabian)


 Font: 12 point Arial/Times New Roman


 Double and single spacing


 FREE bibliography page


 FREE title page


 Progressive Delivery

Secure and Confidential

Trusted

NEED HELP WRITING YOUR PAPER?

PLACE AN ORDER WITH US TODAY AND ENJOY A 10% DISCOUNT. USE DISCOUNT CODE: Disc10

Place an Order

CHEGG WRITERS

Our Company


About us 

Contact Us

Our Testimonials

How it Works

Faqs

Tools


Free Plagiarism Checker

Writing Style Guides

Bibliography Generator

Place an Order

Our Services 


Assignment Help & Services

Dissertation Writing Services

Report Writing Services

Admission Writing Services

Formatting/Editing/Proofreading

Payment Methods


Custom Writing Services

ARTS


Architecture
Art history
Aviation
Drama
Classic English literature
Culture
Film studies
Literature
Music
Philosophy
Poetry
Religious studies
Shakespeare studies
Theater studies
World literature

 

SOCIAL


Civics
Cognitive Science
Criminology
Education
Family and consumer science
Health
Journalism
Psychology
Sociology

LANGUAGES


English

ECONOMIC & FINANCE


Economics
Finance

HISTORY & POLITICS 


Political science
World affairs

LAW


Criminal Law
Business Law

HUMAN & NATURE


Anthropology
Archaeology
Astronomy
Biochemistry
Biology
Botany
Chemistry
Ecology
Environmental studies
Genetics
Geography
Medicine
Nursing
Physics
Urban Studies

 

COMPANY INFO

Live Chat 24/7 Availability

+1 (631) 573-5413

support@cheggwriters.com

DMCA.com Protection Status

© 2008— 2017 Chegg Writers. All Rights Reserved.

Attention!
Using services provided by Cheggwriters.com is LEGAL and IS NOT prohibited.

You are allowed to use the custom written papers we provide in the following ways:

  1. Get a better understanding of the topic or coursework
  2. Help you do your own research (if properly referenced)
  3. As a sample and guide for your research (see your school's definition of plagiarism)
  4. For referencing purposes (if referenced properly)
Thank you for choosing our service.

Disclaimer

Chegg Writers: Provides custom writing services including dissertations, research papers, article writing, term papers, coursework, blog content, and other content for research assistance purposes. Ensure you include proper reference for these material.

Cookie Policy

We use cookies to give you the best possible experience on our website. By continuing to browse and use Chegg Writers, you give consent for cookies to be used. We value your privacy and do not close anything to third parties. Thank you for choosing us.

TOP