ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES VISIT www. acc556assist. com
Buildings |
$ 100,000 |
Common stock |
$ 120,000 |
Less: Accumulated |
Retained earnings |
250,000 depreciation |
( 30,000) |
85,000 |
Total stockholders‘ e |
quity |
$ 370,000 |
Trademarks |
70,000 |
Total liabilities an |
d Total assets |
$ 535,000 |
stockholders‘ equ |
ity |
$ 535 |
· Question 25 Which of the following is the least likely consideration that manageme nt uses when deciding whether to pay a dividend? ===================================================
ACC 556 Midterm Part 1 and 2 FOR MORE CLASSES VISIT www. acc556assist. com
ACC 556- Midterm part 1
· Question 1 Source documents can provide evidence that a transaction has occurre d
· Question 2 Expense recognition is tied to revenue recognition.
· Question 3 To obtain maximum benefit from a bank reconciliation, the reconciliat ion should be prepared by the employee authorized to sign checks.