ACC 423 Course Extrordinary Success - snaptutorial.com

1
ACC 423 Course Extrordinary Success -
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 423 Course Extrordinary Success -
snaptutorial.com
ACC 423 Final Exam Guide (New 2017, With EXCEL
FILE) For more classes visit www.snaptutorial.co
m     This Tutorial contains Excel File which can
be used for any change in values Week 5 Final
Exam CPA Question 01 CPA Question 02
3
ACC 423 Course Extrordinary Success -
snaptutorial.com
Brief Exercise 15-4 For more classes
visit www.snaptutorial.com   Brief Exercise
15-4 Kingbird Corporation issued 384 shares of
10 par value common stock and 144 shares of 50
par value preferred stock for a lump sum of
19,872. The common stock has a market price of
20 per share, and the preferred stock has a
market price of 100 per share.
4
ACC 423 Course Extrordinary Success -
snaptutorial.com
CPA Question 01 For more classes
visit www.snaptutorial.com     July 1 Issued
33,300 shares for cash at 8 per share. Sept. 1
Issued 62,100 shares for cash at 10 per share.
5
ACC 423 Course Extrordinary Success -
snaptutorial.com
 Exercise 15-1 For more classes
visit www.snaptutorial.com   Exercise 15-1 During
its first year of operations, Metlock Corporation
had the following transactions pertaining to its
common stock. Jan. 10 Issued 80,500 shares for
cash at 6 per share. Mar. 1 Issued 5,000
shares to attorneys in payment of a bill for
37,700 for services rendered in helping the
company to incorporate.
6
ACC 423 Course Extrordinary Success -
snaptutorial.com
Question 8 For more classes visit www.snaptutori
al.com   Question 8 Skysong financial income for
Lake Inc. is 290,000, and its taxable income is
100,000 for 2018. Its only temporary difference
at the end of the period relates to a 100,000
difference due to excess depreciation for tax
purposes. If the tax rate is 39 for all periods,
compute the amount of income tax expense to
report in 2018. No deferred income taxes existed
at the beginning of the year.
7
ACC 423 Course Extrordinary Success -
snaptutorial.com
Week 5 Final Exam For more classes
visit www.snaptutorial.com     On September 1,
2017, Hyde Corp., a newly formed company, had the
following stock issued and outstanding Common
stock, no par, 1 stated value, 5,000 shares
originally issued at 15 per share. Preferred
stock, 10 par value, 1,500 shares originally
issued for 25 per share.
8
ACC 423 Course Extrordinary Success -
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com