ACC 422 list of complete links Flashcards
ACC 422 Complete Class
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ACC 422 Intermediate Financial Accounting II
ACC 422 Week 1 DQ 1
ACC 422 Week 1 DQ 2
ACC 422 Week 1 DQ 3
ACC 422 Week 1 DQ 4
ACC 422 Week 1 DQ 5
ACC 422 Week 1 DQ 6
ACC 422 Week 1 Individual Disclosure Analysis Paper
ACC 422 Week 1 Summary
ACC 422 Week 2 DQ 1
ACC 422 Week 2 DQ 2
ACC 422 Week 2 DQ 3
ACC 422 Week 2 DQ 4
ACC 422 Week 2 Individual Assignments From the Text
ACC 422 Week 2 Learning Team Assignments From the Text
ACC 422 Week 2 Summary
ACC 422 Week 2 WileyPLUS Assignment
ACC 422 Week 3 DQ 1
ACC 422 Week 3 DQ 2
ACC 422 Week 3 DQ 3
ACC 422 Week 3 DQ 4
ACC 422 Week 3 Individual Assignments From the Text
ACC 422 Week 3 Learning Team Assignments From the Text
ACC 422 Week 3 Summary
ACC 422 Week 3 WileyPLUS Assignment
ACC 422 Week 4 DQ 1
ACC 422 Week 4 DQ 2
ACC 422 Week 4 DQ 3
ACC 422 Week 4 Individual Assignments From the Text
ACC 422 Week 4 Learning Team Assignments From the Text
ACC 422 Week 4 Summary
ACC 422 Week 4 WileyPLUS Assignment
ACC 422 Week 5 DQ 1
ACC 422 Week 5 DQ 2
ACC 422 Week 5 DQ 3
ACC 422 Week 5 DQ 4
ACC 422 Week 5 Individual Assignments From the Text
ACC 422 Week 5 Learning Team Assignments From the Text
ACC 422 Week 5 Learning Team Problem Presentation
ACC 422 Week 5 WileyPLUS Assignment
ACC 422 Complete Class To purchase this material click http://www.uopassignments.com/ACC-422/ACC-422-Complete-Class. For more classes visit www.uopassignments.com
ACC 422 Week 2 DQ 2
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What are the criteria for capitalization of fixed assets? What items are included in the cost of a fixed asset? Should interest be included in the cost of a fixed asset? Explain why or why not.
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ACC 422 Week 2 DQ 2
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What are the criteria for capitalization of fixed assets? What items are included in the cost of a fixed asset? Should interest be included in the cost of a fixed asset? Explain why or why not.
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CC 422Final Exam ACC 422 Final Exam ACC 422 Final Exam Guide TO purchase this material click http://www.uopassignments.com/ACC-422/ACC-422-Final-Exam-Guide For more classes visit www.uopassignments.com
CC 422Final Exam ACC 422 Final Exam ACC 422 Final Exam Guide TO purchase this material click http://www.uopassignments.com/ACC-422/ACC-422-Final-Exam-Guide For more classes visit www.uopassignments.com
ACC 422 Week 1 DQ 1
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Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer.
How would a misstatement in each affect the organization?
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ACC 422 Week 1 DQ 1
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Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer.
How would a misstatement in each affect the organization?
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ACC 422 Week 1 DQ 2
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What is the perpetual method of tracking inventory? How does it differ from the periodic method of tracking inventory? Why would a company choose one method over the other method? Which is the best method? Why?
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ACC 422 Week 1 DQ 2
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What is the perpetual method of tracking inventory? How does it differ from the periodic method of tracking inventory? Why would a company choose one method over the other method? Which is the best method? Why?
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ACC 422 Week 1 DQ 3
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What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.
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ACC 422 Week 1 DQ 3
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What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.
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ACC 422 Week 1 DQ 4
Why is it important to have effective control of cash?
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ACC 422 Week 1 DQ 4
Why is it important to have effective control of cash?
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ACC 422 Week 1 DQ 5
What are the basic issues involved with the valuation of receivables?
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ACC 422 Week 1 DQ 5
What are the basic issues involved with the valuation of receivables?
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ACC 422 Week 1 DQ 6
Which cost flow assumption gives you the highest ending inventory? Why?
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ACC 422 Week 1 DQ 6
Which cost flow assumption gives you the highest ending inventory? Why?
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ACC 422 Week 1 Individual Disclosure Analysis Paper
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Select a publicly held company to use as the basis for this assignment.
Research your selected company and acquire the company’s most recent financial statements using the Internet.
Prepare a 700- to 1,050-word paper analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories. Include a list identifying the components of the organization’s cash and cash equivalents.
Format your paper consistent with APA guidelines
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ACC 422 Week 1 Individual Disclosure Analysis Paper
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Select a publicly held company to use as the basis for this assignment.
Research your selected company and acquire the company’s most recent financial statements using the Internet.
Format your paper consistent with APA guidelines
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ACC 422 Week 1 Summary ACC 422 Week 1 Summary To purchase this material click http://www.uopassignments.com/ACC-422/ACC-422-Week-1-Summary For more classes visit www.uopassignments.com
ACC 422 Week 1 Summary ACC 422 Week 1 Summary To purchase this material click http://www.uopassignments.com/ACC-422/ACC-422-Week-1-Summary For more classes visit www.uopassignments.com
ACC 422 Week 1 Wileyplus BE 7-1, BE 7-7, Ex 7-4, Ex 7-9, Ex 7-22, Ex 7-24, CA 7-2, Pr 7-4 (with Excel File) NEW
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“This Tutorial contains Excel File which can be used to solve for any values”
Complete the following assignments in WileyPLUS:
• Brief Exercise 7-1
• Brief Exercise 7-7
• Exercise 7-4
• Exercise 7-9
• Exercise 7-22
• Exercise 7-24 (Part Level Submission)
• Concept for Analysis 7-2 (Essay)
• Problem 7-4 (Part Level Submission)
Brief Exercise 7-1
Marin Enterprises owns the following assets at December 31, 2017.
Cash in bank—savings account 65,800 Checking account balance 23,800
Cash on hand 8,920 Postdated checks 900
Cash refund due from IRS 36,000 Certificates of deposit (180-day) 90,240
What amount should be reported as cash?
Cash to be reported
Brief Exercise 7-7
Blossom Family Importers sold goods to Tung Decorators for $34,200 on November 1, 2017, accepting Tung’s $34,200, 6-month, 5% note.
Prepare Blossom’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Exercise 7-4
Your accounts receivable clerk, Mitra Adams, to whom you pay a salary of $3,255 per month, has just purchased a new Acura. You decide to test the accuracy of the accounts receivable balance of $177,940 as shown in the ledger.
The following information is available for your first year in business.
(1) Collections from customers $429,660
(2) Merchandise purchased 694,400
(3) Ending merchandise inventory 195,300
(4) Goods are marked to sell at 40% above cost
Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account.
Exercise 7-9
The trial balance before adjustment of Buffalo Inc. shows the following balances.
Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 5% of gross accounts receivable and (b) 6% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,731 credit balance. Exercise 7-22
Sheridan, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.
1. On April 1, it established a petty cash fund in the amount of $249.
2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows.
Delivery charges paid on merchandise purchased $73
Supplies purchased and used 38
Postage expense 46
I.O.U. from employees 30
Miscellaneous expense 49
The petty cash fund was replenished on April 10. The balance in the fund was $7.
3. The petty cash fund balance was increased by $113 to $362 on April 20.
Prepare the journal entries to record transactions related to petty cash for the month of April.
Exercise 7-24 (Part Level Submission)
Swifty Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.
Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. Concept for Analysis 7-2 (Essay)
Kimmel Company uses the net method of accounting for sales discounts. Kimmel also offers trade discounts to various groups of buyers.
ACC 422 Week 1 Wileyplus BE 7-1, BE 7-7, Ex 7-4, Ex 7-9, Ex 7-22, Ex 7-24, CA 7-2, Pr 7-4 (with Excel File) NEW
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ACC 422 Week 2 DQ 1
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Under what circumstances would a company need to estimate its inventory? What are the differences between using the gross profit method and retail inventory method for estimating inventory? Which method of estimation, gross profit or retail inventory, is best? Explain your answer.
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ACC 422 Week 2 DQ 1
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Under what circumstances would a company need to estimate its inventory? What are the differences between using the gross profit method and retail inventory method for estimating inventory? Which method of estimation, gross profit or retail inventory, is best? Explain your answer.
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ACC 422 Week 5 Learning Team Problem Presentation
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P13 - 4
Prepare a 5- to 10-minute oral presentation accompanied by a 7- to 9-slide Microsoft® PowerPoint® presentation illustrating your team’s solution to the assigned problem.
ACC 422 Week 5 Learning Team Problem Presentation
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P13 - 4
ACC 422 Week 5 Learning Team Assignments From the Text
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ACC 422 Week 5 Learning Team Assignments From the Text
Resource: Intermediate Accounting
Prepare written responses to the following assignments from the text:
• Ch. 13: Problem P13-4
• Ch. 14: Exercise E14-21
• Ch. 21: Exercise E21-7
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ACC 422 Week 5 Learning Team Assignments From the Text
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ACC 422 Week 5 Learning Team Assignments From the Text
ACC 422 Week 5 Individual Assignments From the Text
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ACC 422 Week 5 Individual Assignments From the Text
Resource: Intermediate Accounting
Prepare written responses to the following assignments listed at the end of each chapter:
• Ch. 13: Exorcices E13-1, E13-7, E13-11, & E13-13
• Ch. 21: Question 3
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ACC 422 Week 5 Individual Assignments From the Text
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ACC 422 Week 5 Individual Assignments From the Text
Resource: Intermediate Accounting
ACC 422 Week 5 WileyPLUS Assignment
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Problem 13-9
Sycamore Candy Company offers a CD single as a premium for every 5 candy bar wrappers presented by customers together with $3.35. The candy bars are sold by the company to distributors for 30 cents each. The purchase price of each CD to the company is $3.10; in addition, it costs 50 cents to mail each CD. The results of the premium plan for the years 2012 and 2013 are as follows. (All purchases and sales are for cash.)
2012 2013
CDs purchased 257,500 339,900
Candy bars sold 2,970,900 2,801,800
Wrappers redeemed 1,236,000 1,545,000
2012 wrappers expected to be redeemed in 2013 298,700
2013 wrappers expected to be redeemed in 2014 360,500
(a) Prepare the journal entries that should be made in 2012 and 2013 to record the transactions related to the premium plan of the Sycamore Candy Company. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(b) Indicate the amounts for each accounts, and classifications of the items related to the premium plan that would appear on the balance sheet and the income statement at the end of 2012 and 2013.
Exercise 13-13 (Essay)
Presented below are three independent situations. Answer the question at the end of each situation.
- During 2012, Maverick Inc. became involved in a tax dispute with the IRS. Maverick’s attorneys have indicated that they believe it is probable that Maverick will lose this dispute. They also believe that Maverick will have to pay the IRS between $800,000 and $1,400,000. After the 2012 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2012?
- On October 1, 2012, Holmgren Chemical was identified as a potentially responsible party by the Environmental Protection Agency. Holmgren’s management along with its counsel have concluded that it is probable that Holmgren will be responsible for damages, and a reasonable estimate of these damages is $6,000,000. Holmgren’s insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2012?
- Shinobi Inc. had a manufacturing plant in Darfur, which was destroyed in the civil war. It is not certain who will compensate Shinobi for this destruction, but Shinobi has been assured by governmental officials that it will receive a definite amount for this plant. The amount of the compensation will be less than the fair value of the plant but more than its book value. How should the contingency be reported in the financial statements of Shinobi Inc.?
Exercise 14-22
On December 31, 2012, the American Bank enters into a debt restructuring agreement with Barkley Company, which is now experiencing financial trouble. The bank agrees to restructure a 14%, issued at par, $3,167,000 note receivable by the following modifications:
1. Reducing the principal obligation from $3,167,000 to $2,533,600.
2. Extending the maturity date from December 31, 2012, to January 1, 2016.
3. Reducing the interest rate from 14% to 10%.
Barkley pays interest at the end of each year. On January 1, 2016, Barkley Company pays $2,533,600 in cash to Firstar Bank.
(a) Will the gain recorded by Barkley be equal to the loss recorded by American Bank under the debt restructuring?
(b) Can Barkley Company record a gain under the term modification mentioned above?
(c) Assuming that the interest rate Barkley should use to compute interest expense in future periods is 1.4276%, prepare the interest payment schedule of the note for Barkley Company after the debt restructuring. (Round answers to 0 decimal places, e.g. $38,548.)
(d) Prepare the interest payment entry for Barkley Company on December 31, 2014. (Round answers to 0 decimal places, e.g. $38,548. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(e) What entry should Barkley make on January 1, 2016? (Round answers to 0 decimal places, e.g. $38,548. Credit account titles are automatically indented when amount is entered. Do
ACC 422 Week 5 WileyPLUS Assignment
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