ACC 421 Experience Tradition/uophelp.com ACC 421 Experience Tradition/uophelp.com | Page 35

items prior to preparing her auditor’sreport. Except as noted, none of these items have been disclosed in the financial statements or notes. ========================================= ACC 421 Week 5 CPA Practice For more course tutorials visit www.uophelp.com ACC 421 Week 5 CPA Practice Question 1: In its December 31, 2005, balance sheet, what amount should Chang report as note receivable? Question 2: On Bart's December 31, 2005 balance sheet, the note payable to Fell was Question 3: Which of the following transactions would require the use of the present value of an annuity due concept in order to calculate the present value of the asset obtained or liability owed at the date of incurrence? Question 4: Beal should make five annual deposits (rounded) of