AC 302

AC 302 Week 6 Quiz 4 Question Haystack, Inc. manufactures machinery used in the mining industry. On January 2, 2015 it leased equipment with a cost of $320,000 to Silver Point Co. The 5-year lease calls for a 10% down payment and equal annual payments of $146,518 at the end of each year. The equipment has an expected useful life of 5 years. Silver Point’s incremental borrowing rate is 10%, and it depreciates similar equipment using the d

1 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 6 Quiz 1 Question On December 31, 2014, Lang Corporation leased a ship from Fort Company for an eight-year period expiring December 30, 2022. Equal annual payments of $300,000 are due on December 31 of each year, beginning with December 31, 2014. The lease is properly classified as a capital lease on Lang ‘s books. The present value at December 31, 2014 of the eight lease payments over the lease term discounted at 10% is $1,

1 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 6 EXAM Quiz 100% Correct Question 1. Question : The following information relates to Jackson, Inc.: For the Year Ended December 31, 2014 2015 Plan assets (at fair value) $1,360,000 $1,8

13 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 6 Quiz 5 Question A lessee with a capital lease containing a bargain purchase option should depreciate the leased asset over the

1 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 6 Quiz 1 Question On December 31, 2014, Lang Corporation leased a ship from Fort Company for an eight-year period expiring December 30, 2022. Equal annual payments of $300,000 are due on December 31 of each year, beginning with December 31, 2014. The lease is properly classified as a capital lease on Lang ‘s books. The present value at December 31, 2014 of the eight lease payments over the lease term discounted at 10% is $1,

1 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 5 EXAM Quiz 100% Correct Question 1 The following information relates to Jackson Inc For the Year Ended December 31, 2014 2015 Plan assets (at fair value) $1,360,000 $1,824,000 Pension

13 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 WEEK 4 Discussion Many business organizations have been concerned with providing for the retirement of employees since the late 1800s. During recent decades, a marked increase in this concern has resulted in the establishment of private pension plans in most large companies and in many medium- and small-sized ones. The substantial growth of these plans, both in numbers of employees covered and in amounts of retirement benefits, has inc

3 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 4 Quiz 3 Question The accumulated benefit obligation measures

1 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 Week 4 Quiz 2 Question Presented below is information related to Jensen Inc. pension plan for 2015 Service cost $1,020,000 Actual return on plan assets 210,000 Interest on projected benefit obligation 390,000 Amortization of net loss

1 Other / Other strayer university / AC 302 02 Sep 2015

AC 302 WEEK 1 Discussion Revenue is recognized based on a five-step process that is applied to a company’s revenue arrangements. Briefly describe the five-step process. Explain the importance of contracts when analyzing revenue arrangements. How are fair value measurement concepts applied in implementation of the five-step process? How does the five-step process reflect application of the definitions of assets and liabilities? 200

3 Other / Other strayer university / AC 302 02 Sep 2015