Entire Course ACCT 304

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ACCT 304 All 7 Weeks Discussions

ACCT 304 Week 1 DQ 1 Development of Accounting Standards
ACCT 304 Week 1 DQ 2 Accounting Conceptual Framework
ACCT 304 Week 2 DQ 1 Balance Sheet- Purpose and Uses
ACCT 304 Week 2 DQ 2 Disclosure Notes
ACCT 304 Week 3 DQ 1 Income Statement
ACCT 304 Week 3 DQ 2 Cash-Flow Statement
ACCT 304 Week 4 DQ 1 Revenue Recognition
ACCT 304 Week 4 DQ 2 Time Value of Money Concepts
ACCT 304 Week 5 DQ 1 Cash
ACCT 304 Week 5 DQ 2 Receivables
ACCT 304 Week 6 DQ 1 Inventory Classification and Systems
ACCT 304 Week 6 DQ 2 Inventoriable Costs Cost-Flow Assumptions
ACCT 304 Week 1 Homework Assignments

Chapter 1: E 1-7 , Research Case 1-4

Chapter 2: E 2-4, E 2-8, E 2-12

ACCT 304 Week 1 Quiz

1. (TCO 1) Which of the following was the first private sector entity that set accounting standards in the United States?

2. (TCO 2) The enhancing qualitative characteristic of understandability means that information should be understood by

3. (TCO 3) XYZ Corporation receives $100,000 from investors for issuing them shares of its stock. XYZ’s journal entry to record this transaction would include a

4. (TCO 3) Cal Farms reported a supplies expense of $2,000,000 this year. The supplies account decreased by $200,000 during the year to an ending balance of $400,000. What was the cost of supplies Cal Farms purchased during the year?

5. (TCO 3) Temporary accounts would not include.

ACCT 304 Week 2 Homework Assignments

Exercise 3-2, 3-3, 3-4

ACCT 304 Week 2 Quiz

1. (TCO 4) Current assets include cash and all other assets expected to become cash or be consumed

2. (TCO 4) Rent