FOR MULTIPLE CHOICE QUESTIONS: Select the response that bes…

FOR MULTIPLE CHOICE QUESTIONS: Select the response that best completes the statement or answers the question. Unless stated otherwise, round to the nearest dollar and assume all companies have a calendar year. FOR SHORT ANSWER QUESTIONS: Enter the response that best completes the statement or answers the question. Unless stated otherwise, round to the nearest dollar and assume all companies have a calendar year. FOR FREE-RESPONSE QUESTIONS: You should clearly support your answers with calculations, explanations, schedules, etc. Your final answer should be clearly designated as such. Unless stated otherwise, round to the nearest dollar and assume all companies have a calendar year. Your journal entries should be in the correct format. See the Journal Entry Formatting Guide below for reference. If you are not comfortable using the Table function, it is acceptable to use spaces or tabs to format your journal entries appropriately. You must use correct and complete account titles. At the discretion of the instructor, the use of any unapproved and unacceptable abbreviations may result in the loss of points. If you decide to present your numbers in thousands, please indicate so and be consistent throughout the exam. Journal Entry Formatting Guide: Debit account 1 Debit amount 1 Debit account 2 Debit amount 2 Credit account 1 Credit amount 1 Credit account 2 Credit amount 2 FAILURE TO FOLLOW THESE INSTRUCTIONS WILL RESULT IN THE LOSS OF POINTS. By selecting “True” below, you certify that you have read and understood the above exam instructions.

Darth Vader Co. is in the process of determining its reporta…

Darth Vader Co. is in the process of determining its reportable segments for the year ended December 31, 20X1. As the person responsible for this determination, you gather the following information: When the performing the operating profit and loss test, the appropriate threshold is (i.e. the absolute value of each segment’s profit or loss must be equal to or greater than this amount to be separately reportable):

At the beginning of 2020, internal auditors discovered that…

At the beginning of 2020, internal auditors discovered that Sarlacc, Inc. had debited an expense account for the $700,000 cost of a machine purchased on January 1, 2017. The machine’s useful life was expected to be 5 years with no residual value. Straight-line depreciation is used by Sarlacc. The journal entry to correct the error will include a credit to accumulated depreciation of:

On January 1, 20X0, Boba Fett Inc. began operations and purc…

On January 1, 20X0, Boba Fett Inc. began operations and purchased equipment for use in his intergalactic bounty hunter enterprise for $20,000,000. Boba Fett uses a different depreciation method for financial reporting than it does for tax purposes. At December 31, 20X0, the carrying value of the equipment was $14,000,000 and its tax basis was $18,000,000. At December 31, 20X1, the carrying value of the equipment was $10,000,000 and the tax basis was $17,000,000. During 20X1, Boba Fett earned $5,000,000 in municipal bond income and paid $1,000,000 in fines and penalties for violating environmental laws regarding the appropriate disposal of space waste. Pretax accounting income for 20X1 was $25,000,000, which includes $2,000,000 of installment sales income that has yet to be collected. This income is expected to be collected evenly over the next four years. A tax rate of 32% applies to all years. Required: Use the field below to prepare the necessary journal entry(ies) regarding Boba Fett’s income taxes for 20X1.   Show well-labeled computations for the taxable income, income tax payable, and the beginning balance, ending balance, and change in the deferred tax accounts. Failure to show these computations will result in a loss of points.

Leia, Inc. has prepared the following comparative balance sh…

Leia, Inc. has prepared the following comparative balance sheets for 20X3 and 20X4: Leia, Inc.’s income statement for 20X4 is as follows: Additional information: Leia sold equipment with cost of $40,000 and that was 50% depreciated for $30,000. Leia purchased patents valued at $30,000 by issuing 4,000 shares of common stock. Operating expenses on the income statement includes depreciation expense and amortization expense. Any inventory purchased is on account and recorded in the Accounts Payable account. The Accrued Liabilities account is used to record any payables associated with operating expenses. Required: Complete the following tasks. In good form, prepare a statement of cash flows (using the indirect method to depict operating cash flows) for Leia, Inc. for the year ended December 31, 20X4. Calculate the following cash flows to be shown in the cash flows from operating activities section of the statement of cash flows for 20X4 using the direct method. List your answers in the following order. Cash received from customers Cash paid to suppliers Cash paid for taxes Cash paid for operating expenses  

Trent Jenkins, 52-year old male, was admitted yesterday even…

Trent Jenkins, 52-year old male, was admitted yesterday evening for stabilization of his uncontrolled type II diabetes. He is married, and his wife is requesting to stay at his side. His HbgA1c is 10.6%. He has a history of a Myocardial Infarction, MI, one year ago, and has refused all cardiac rehab, and has not had another cardiac event. He refuses to comply with dietary recommendations. His BMI is 37. Vital signs are: BP: 146/94, P: 88, R: 22, T: 99.2, PaO2: 94% Blood glucose upon admission is 340 mg/dl Select the appropriate nursing diagnosis for the client. (Select all that apply)

Trent Jenkins, 52-year old male, was admitted yesterday even…

Trent Jenkins, 52-year old male, was admitted yesterday evening for stabilization of his uncontrolled type II diabetes. He is married, and his wife is requesting to stay at his side. His HbgA1c is 10.6%. He has a history of a Myocardial Infarction, MI, one year ago, and has refused all cardiac rehab, and has not had another cardiac event. He refuses to comply with dietary recommendations. His BMI is 37. Vital signs are: BP: 146/94, P: 88, R: 22, T: 99.2, PaO2: 94% Blood glucose upon admission is 340 mg/dl Select the appropriate nursing diagnosis for the client. (Select all that apply)