ACC 400 Final Exam( Written Type)( New) For more course tutorials visit www. uophelp. com
c. the cumulative effect of the change in principle should be reflected on the income statement as of the beginning of the next year. d. the cumulative effect of the change in accounting principle should be classified as an extraordinary item on the income statement. 19. Which of the following is not an irregular item on the income statement? a. Discontinued operations b. Extraordinary items c. Other revenues and expenses 20. Vertical analysis is a technique that expresses each item in a financial statement a. in dollars and cents. b. as a percent of the item in the previous year. c. as a percent of a base amount. d. starting with the highest value down to the lowest value. ==============================================
ACC 400 Final Exam( Written Type)( New) For more course tutorials visit www. uophelp. com
1.) Trim Force Corp. had the following information in their accounting records:
Work in process inventory, beginning balance $ 50,000 Cost of direct materials used $ 350,000