busn 319 midterm exam solution
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BUSN 319 Midterm Exam SolutionTRANSCRIPT
BUSN 319 Midterm Exam Solutionhttp://homeworkyahoo.com/downloads/busn-319-midterm-exam-solution/To Buy this tutorial Copy & paste above link in your BrowerBUSN 319 Midterm Exam Solution 1. (TCO 1) The Aountin! E"uation i# u#ed to de$elo% the or!ani&ation'# (inanial re%ort#) (1) *e#ri+e what a##et# are and (,) %ro$ide an exam%le o( an a##et aount2. (TCO 1) The (inanial #tatement# %re#ent a om%any to the %u+li in (inanial term#) (1) -hih (inanial #tatement identi(ie# how well the om%any %er(ormed durin! the year and (,) ex%lain what in(ormation thi# (inanial #tatement %ro$ide#)3. (TCO 1) The aountin! %ro(e##ion (ollow# a #et o( !uideline# (or mea#urement and di#lo#ure o( (inanial in(ormation alled the .enerally Ae%ted Aountin! /rini%le# (.AA/)) (1) Ex%lain what the Co#t /rini%le i# and (,) %ro$ide an exam%le o( it# a%%liation) 4. (TCO ,) Tran#ation analy#i# re#ult# in the de$elo%ment o( a 0ournal entry) Su%%lie# are %urha#ed on aount a!reein! to %ay 1,2344 within 34 day#) (1) Name the aount# im%ated and how to u#e the (ormat aount name5de+it or redit5dollar amount 2 and (,) ex%lain how the Aountin! E"uation i# im%ated)5. (TCO 3) Ad0u#tin! Entrie# are re"uired at the end o( the %eriod to en#ure that arual aountin! %rini%le# are a%%lied) At the +e!innin! o( the month2 1334 o( o((ie #u%%lie# were %urha#ed) There wa# not a +e!innin! +alane and the one %urha#e wa# the only one (or the month) At the end o( the month2 1144 o( #u%%lie# remained) *e$elo% the ad0u#tin! entry) (1) Name the aount# im%ated and ex%lain how to u#e the (ormat aount name5de+it or redit5dollar amount 2 and (,) ex%lain how the Aountin! E"uation i# im%ated)1. (TCO 3) 6nternal Control# are re"uired to #a(e!uard a##et# and to en#ure ethial +u#ine## %ratie#) (1) 6denti(y and ex%lain the rea#on (or any two o( the #e$en internal ontrol %roedure# and (,) %ro$ide exam%le# o( how your two #eleted internal ontrol %roedure# will meet the !oal o( #a(e!uardin! a##et# and%romotin! ethial +u#ine## %ratie#)2. (TCO 3) The +an7 aount a# a ontrol de$ie that hel%# to %rotet a#h) One o( the re"uirement# i# to ondut %eriodi +an7 #tatement reoniliation#) U#in! the (ollowin! data2 om%lete the +an7 #tatement reoniliation (or Aorn /lum+in!2 6n) (U#e the (ormat #hown on %a!e ,31 o( your text+oo7)) (,3 %oint#)$30.00 Purchase