ACC/545 Final 1)A company changes from
in Other (Other) by vomms
Favorite
Add it to your favorites and revisit later
Instant Download
Previewing 1 of 21 total pages.
Regular Price: $14.29
Your Price: $10.00 (30% discount)
You Save: $4.29
Your Price: $10.00 (30% discount)
You Save: $4.29
Description
ACC/545 Final 1)A company changes from percentage-of-completion to completed-contract, which is the method used for tax purposes. The entry to record this change should include a
to Retained Earnings in the amount of the difference on prior years, net of tax.
to Loss on Long-Term Contracts in the amount of the difference on prior years, net of tax.
to Deferred Tax Liability.
to Construction in Process.
2)Which of the following is accounted for as a change in accounting principle?
A.A change from expensing immaterial expenditures to deferring & amortizing them as they become material
B.A change from the cash basis of accounting to the accrual basis of accounting
C.A change in inventory valuation from average cost...
Comments (0)
You must sign in to make a comment.
Rating:
Published On:
09/27/2020
Last Updated:
09/27/2020
Print Length:
21 page(s)
Word Count:
3,455
File Name:
acc-545-final-examdoc-71.doc
File Size:
761.86 KB (0.76 MB)
Sold By:
vomms
Purchased:
0 times
Best Seller Ranking:
#