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Acounting exam

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It is online exam. So it has 1 hour and 30 mins for this exam. Make sure you can do it on time and corectly. Because if you use more than 1 hour and 30 mins I can not sent it. I can give $30 for this exam. So if you want more than $30 don't contract me. Thank you.;This is document for exam, It has 10 multiple choice and 4 essay question;For the multiple choice questions worth a total of 30 points, you should know;1. what information is desired by external users of financial statements;2. about operating activities, investing activities, and financing activities;3. the definitions of asset, liability, equity, revenue, and expense;4. what items appear under each classification in the balance sheet;5. how to compute earnings per share;6. about a ledger account, its different parts, the rules of debit and credit, and the meaning of the term normal balance of an account;7. the meaning and purpose of adjusting entries, and the different types of adjusting entries;8. the difference between periodic and perpetual inventory systems;9. the components of cost of merchandise inventory (e.g., invoice price less discounts plus whatever other items are included or excluded), and;10. the main points of difference among the four inventory cost-flow assumptions that you learned about.;For the problem questions worth 90 points, you should;1. know how to prepare a single-step and a multiple-step income statement and calculate certain ratios based on the numbers in the income statement;2. be able to create journal entries, and;3. be able to apply your knowledge of the internal control objectives and principles.;For the essay question worth 30 points, you should know;1. about a ledger account, its different parts, the rules of debit and credit, and the meaning of the term normal balance of an account, and;2. about an accounting information system and its components (e.g., ledger accounts, trial balance, etc.).

 

Paper#77591 | Written in 18-Jul-2015

Price : $37
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