ACCT 3410 Final: 14 Summer - Final Exam - 3310 Solutions
Document Summary
Try your best to answer every question. Narratives for journal entries are not required. When preparing journal entries, be careful to select account titles that clearly indicate where the item will appear in the financial statements. For multiple choice questions, circle the letter associated with the best choice. Except as noted in a particular question, assume the earnings approach for revenue recognition is used. Except as noted in a particular question, assume the company in question is public traded and follows ifrs. Only writing utensils and approved calculator allowed at your desk: that means among other things, no cell phones, no pencil cases, no hats. All cell phones must be turned off and put away either in your bag at the front of the room or left on my desk to be picked up at the end of the exam. Having access to a cell phone during the exam will be counted as cheating.
