ACCT 304 Midterm Exam


ACCT 304 DeVry Week 4 Midterm Exam

1. (TCO 1) Which of the following has the authority to set accounting standards in the United States?

2. (TCO 2) The conceptual framework’s qualitative characteristic of faithful representation includes:

3. (TCO 3) A sale on account would be recorded by:

4. (TCO 3) When a tenant makes an end-of-period adjusting entry credit to the “Prepaid rent” account:

5. (TCO 3) Permanent accounts would not include:

6. (TCO 4) Noncurrent assets include:

7. (TCO 4) The acid-test ratio is also known as the:

8. (TCO 5) Popson Inc. incurred a material loss which was not unusual in character, but was clearly an infrequent occurrence. This loss should be reported as:

9. (TCO 5) On June 1, 2013, Romano Inc. changed the estimated useful life of its office equipment from 20 to 12 years. This change would be accounted for:

10. (TCO 5) In the operating activities section of the statement of cash flows, we start with net income:

11. (TCO 5) The Maytag Corporation’s income statement includes income from continuing operations, a loss from discontinued operations, and extraordinary items. Earnings ACCT 304 Midterm Exam per share information would be provided for:

12. (TCO 5) Expenses in an income statement prepared under International Financial Reporting Standards:

13. (TCO 4) The balance sheet reports:

14. (TCO 4) Which of the following groups is not among the external users for whom financial statements are prepared?

1. (TCO 5) What would ACCT304DeVry be Misty’s net income for the current year?

2. (TCO 4) Listed below are account balances (in $millions) taken from the records of Symphony Stores. All of these are permanent accounts, except the last two that ACCT 304 have yet to be closed. The installment receivables are current. Symphony uses

1. (TCO 4) Briefly explain the purpose of the disclosure note on significant accounting policies. Provide two examples of what might be found in this note.

2. (TCO 2) What is the SEC and how is it involved with accounting standard setting?

3. (TCO 5) Give an example of a non-cash financing and investing activity and explain when and how it would be reported in the financial statements

4. (TCO 3) Describe what is meant by unearned revenues and give two examples

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Facet effects can range between uncomfortable aspect effects, including bowel pain or nausea, by means of to quite critical side effects, depending upon the treatment.

How can diabetes influence the body? Figuring out how diabetes affects your body can help you search after your body

lyzzzz I have already been on Victoza considering the fact that Christmas and I've shed 32 lbs up to now. It absolutely was rough the first handful of months, loose stools, eggy burps nonetheless it got greater by the third thirty day period.

Washington: The Food and Drug Administration on Tuesday permitted a fresh weight loss drug from Vivus Inc that a lot of doctors look at the most effective therapy in a brand new technology of anti-obesity pills designed to help clients safely shed pounds.

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Dr. Sargsyan stated he has also done gastric-sleeve techniques on over one hundred adolescents in his center, at which place session chair Abdul Badi Abou-Samra, MD, PhD, from Hamad Medical Corporation, explained considered one of his issues with This may be that "these young sufferers could think they are cured."

Vivus had at first planned to current market the drug under the model identify Qnexa. Nevertheless, FDA regulators purchased the organization to alter the name to prevent opportunity confusion with equivalent sounding drugs.

Tami will not see Victoza as a "skinny shot." Confident, she's shed weight with the drug, but additionally watches what she eats and continues to be active. "When you go off that Victoza, you still must do diet and exercise to lose weight. It's actually not magic."

As an example, orlistat, Even with staying accredited to be used about the NHS, is linked with rare cases of liver personal injury. The security profile of diet pills which have not been accredited is less likely to be recognised and as a consequence it truly is harder to find out simply how much danger these other pills involve. It is actually highly recommended to not take risks with diet pills that have not been accepted.

"Most clients are found by you after surgery, so Will not indication them off!" he appealed to your conference attendees. "This is an important moment: diabetologists and bariatric surgeons are not able to function independently, because if we do, the two of us will fail."

Persons with type 2 diabetes who shed weight had lower blood sugar degrees and had been able more info to use a lot less medicine to decreased their blood sugar amounts.

Notice that Should you have type 2 diabetes, are obese and also have struggled to lose weight, you could possibly get pleasure from sure type 2 diabetes drugs that also facilitate weight loss including incretin drugs, SGLT-two inhibitors or alpha-glucosidase inhibitors. Are weight loss pills Harmless?

Every single now and again diet pills make the headlines for all the incorrect reasons. As a robust example, in April 2015, younger scholar Eloise Parry died after having diet pills bought from the get more info web.

The drug is definitely a combination of two more mature drugs which have very long been recognised to help with weight loss: phentermine and topirimate.

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Car shopping should be something you are excited about, not stressed to the max over. When you shop for a car, you do need a little knowledge and some determination and you can come out on top. Read the following article and it will share some things you can do to make the most out of your car shopping experience.

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Due diligence should be exercised when planning your car budget. It is imperative that you take a full and realistic look at your budget. Not only must you consider a car payment, you must also consider insurance, maintenance and gas for the vehicle. There is nothing worse than having a vehicle that you cannot afford to drive.

Have a friend or family member that sells cars come along with you as you search for a new car. If they know that you are with a fellow salesman you will have an easier time getting the deal that you want and deserve, though car salesmen can be very aggressive.

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The ultimate way to pick up on it can be to have a blood sugar examination. But When you've got these signs and symptoms, see your health practitioner.

Check out your blood sugar at any time you believe it may be as well high. Should your blood sugar is higher than standard, but you are feeling perfectly:

People with diabetes who can recognise the signs or symptoms can stay away from levels that produce health care emergencies like diabetic ketoacidosis. Being aware of your high and small blood sugar signs helps you to check

Way of life intervention for prevention of diabetes: determinants of accomplishment for foreseeable future implementation

Possessing an underactive thyroid could make getting rid of weight challenging. The thyroid is usually a gland while in the neck that secretes hormones that regulate your body’s metabolic price. It is actually stimulated to make these hormones by Yet another hormone termed thyroid-stimulating hormone, or TSH, that's produced from the pituitary gland.

The lowest risk, Maruthur claims, occurred in sufferers who lost weight as well as lowered the quantity of glucose in their blood, as measured by a blood exam taken right after fasting.

We will likely structure a healthy ingesting and exercising prepare that should help Command your diabetes, and help you lose weight.

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You’re making an attempt tough to lose weight. You’ve transformed your eating behavior, therefore get more info you’ve been carrying out more Bodily exercise than you used to. But a number of weeks — or perhaps a few months — have passed by, and the scale isn’t budging. “Why?!” you talk to in stress. “What am I carrying out wrong?!”

Really lower blood sugar may result in convulsions and unconsciousness. It can be crucial to seek emergency assist if the person with diabetes is unable to bring their sugar levels back to typical.

If you're thinking that your blood sugar is simply too very low, CHECK YOUR BLOOD SUGAR RIGHT AWAY. In the event you don’t really feel properly sufficient to check, suppose your blood sugar is just too very low. In case your blood sugar is minimal (below 70) take in or consume A fast-acting source of carbohydrate:

Some typical leads to of hypoglycemia consist of using an excessive amount of insulin (of any type), taking as well high a dose of an oral diabetes medicine, skipping or delaying a meal, growing the amount of physical exercise completed without having reducing the amount of diabetes medicine taken or increasing the number of calories eaten, and “insulin stacking,” or having a next dose of insulin ahead of the past one particular has completed Functioning.

Just one analyze focused on people with a specific type 2 diabetes. When offered vitamin E, they showed here a reduce inside the charges of heart difficulties.

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