ACCT 312 DeVry Entire Course

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$224,000 ACCT 312 DeVry Week 3 Quiz Latest Question 1.1. (TCO 4) The common stock account in a company's balance sheet is measured as (Points : 4) the number of common shares outstanding multiplied by the stock's par value per share. the number of common shares outstanding multiplied by the stock's current market value per share. the number of common shares issued multiplied by the stock's par value per share. None of the above Question 2.2. (TCO 4) Issued stock refers to the number of shares (Points : 4) issued for cash. in the hands of shareholders. outstanding plus treasury shares. that may be issued under state law. Question 3.3. (TCO 4) Our company declared a property dividend to give m our company would have 100 million shares, $8 par per share. the market price per share would be about $2. fractional shares would be issued. retained earnings would be reduced. ACCT 312 DeVry Week 5 Quiz Latest Question 1.1. (TCO 7) An accounting change that is reported by the prospective approach is reflected in the financial statements of (Points : 4) prior years only. prior years plus the current year. the current year only. current and future years. Question 2.2. (TCO 7) Which is not an example of a change in accounting principle? (Points : 4) A change from LIFO to FIFO for inventory costing A change to the full costing method in the extractive industries A change in the useful life of a depreciable asset A change from the cost method to the equity method of accounting for investments
Question 3.3. (TCO 7) Our company switched from double-declining balance depreciation to straight-line depreciation. As a result, (Points : 4) current income tax payable increases. the cumulative effect decreases current period earnings. prior periods' financial statements are restated. None of the above Question 4.4. (TCO 7) A change that uses the prospective approach is accounted for by (Points : 4) implementing it in the current year. reporting pro forma data. retrospective restatement of all prior financial statements in a comparative annual report. giving current recognition of the past effect of the change. Question 5.5. (TCO 7) Prior years' financial statements are restated under the (Points : 4) current approach. prospective approach. retrospective approach. None of the above ACCT 312 DeVry Course Project Latest Objective: To analyze the financial statements of a publicly traded company Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company’s financial statements include deferred taxes, postretirement benefits, dilutive securities, and share-based compensation. Using techniques you have learned in the previous weeks, respond to the following questions. 1. What amount of deferred tax assets or deferred tax liabilities are on the two most recent years on the balance sheet? What gives rise to these deferred taxes? What information is disclosed in the footnotes related to deferred taxes? Please define a deferred tax asset and deferred tax liability. 2. What temporary and permanent differences does the company disclose in their footnotes? What are some other examples of temporary and permanent differences? 3. What is the amount of income tax provision in the two most recent years on the income statement? What information is disclosed in the footnotes relating to income tax expense? Does the company have a net operating loss carry-forward or carry-back? What are the guidelines for carry-forwards and carry-backs? 4. Does the company have a defined benefit or defined contribution plan? What are the key elements of the plan discussed in the footnotes? What amounts on the balance sheet relate to this plan? What are the differences between defined benefit and defined contribution plans? 5. What are the earnings per share amounts disclosed on the income statement for the most recent year? What dilutive securities are discussed in the footnotes? Please identify and describe other examples of dilutive securities. How do these impact earnings per share? 6. What kind of share-based compensation does the company have? What was compensation expense for the two most recent years? What are the key elements of this plan discussed in the footnotes? Please identify and describe other types of share-based compensation. 7. Does the company use the direct or indirect cash flow presentation method? What is the difference between these two methods? How does the cash flow statement agree to the other financial statements?
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