Virginia Tech Accounting Worksheet

Description

Multiple Choice Questions and Fill in the Blanks based on USA tax System. very short and easy. i will provide the ebook link to help.

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CHAPTER 9 QUIZ
CHAPTER 10 QUIZ
CHAPTER 9 BLANKS
CHAPTER 10
CHAPTER 9 QUIZ
Answer: C
Will affect Ryan’s ability to deduct his portion of the expenditures for the trip. He will be able to deduct some of
his costs but not all of his costs.
Answer: A
Accrual
Answer: A
It does not matter that the accounting method is permissible or impermissible. The fact that Anderson used the
method for years means that the company has officially adopted this method. The company must request
permission from the IRS to switch to a permissible method and then use the method to file its return.
Question 4
Answer: B
The company will recognize a cumulative adjustment either in the current year or over the current and coming
years reflecting the differences in taxes due in prior years between the two methods.
Question 5
Answer: B
False
CHAPTER 10 QUIZ
Answer: C
Depletion
Answer : D
Straight-line, 200 percent(double) declining balance
Answer: A and C
Original cost and estimated salvage value
Answer: C
Listed property
CHAPTER 9 BLANKS
Answer: 7500
Answer : 2200
answer: 4100
answer: = – 1200
Answer: 1900
answer: 7800
answer: 350
answer: 7150
Answer : 159500
answer : 159500
Answer: 15000
answer: -6000
answer : 3000
answer : -6000
Answer: A
The sum of the two years for the accrual method should be greater than the sum of the two years under the
cash method.
CHAPTER 10
Answer: 51282
Answer: 600
Answer: 3800
answer: 17200
Answer: 18939
Answer : 375
Answer: 387500
Answer: 3333333
Answer: 500000
Answer : 40800
Answer: 12500
Answer: 17900
Answer: 17900
Answer : 22900
Answer: 53200
answer: 22900
answer: 53200
CHAPTER 10

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Tags:
accounting

finance

tax system

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