ACC 306(ASH) your Dreams Our Mission/uophelp.com

1. ACC 306(ASH) your Dreams Our Mission/uophelp.com For more course tutorials visit www.uophelp.com

2. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Entire Course (New) For more course tutorials visit www.uophelp.com ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ACC 306 Week 1 Quiz ACC 306 Week 1 DQ 1 Equity Method ACC 306 Week 1 DQ 1 Accounting Pronouncements ACC 306 Week 1 DQ 2 Judgment Case 13-9 ACC 306 Week 2 Quiz ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing Debt for equity swaps ACC 306 Week 2 DQ 2 Ethics Case 15-4 Leasehold Improvements ACC 306 Week 2 Assignment E 14-16, E 14

3. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 (Ash Course) For more course tutorials visit www.uophelp.com ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6

4. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 1 DQ 1 Accounting Pronouncements For more course tutorials visit www.uophelp.com Accounting Pronouncements. The Financial Accounting Standards Board has issued accounting pronouncements that affect how accounting transactions should be treated. These pronouncements may affect all companies or just specific industries, but no pronouncements have been issued that affect social media companies, like Zynga and Facebook. In the Forbes article, “Social Media's Phony Accounting,” written by Francine McKenna, the author discusses how these new rules are being invented. Read the article and then: a. Discuss the methods that have been

5. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 1 DQ 1 Equity Method (Ash Course) For more course tutorials visit www.uophelp.com P 12–13 - Miller Properties - Equity method ● LO5 LO6 On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. Miller’s CEO became a member of Marlon’s board of directors during the first quarter of 2011. The carrying amount of Marlon’s net assets was $66 million. Miller estimated the fair value of those net as- sets to be the same except for a patent valued at $24 million above cost. The remaining amortization period for the patent is 10 years. Marlon reported earnings of $12 million and paid dividends of $6 million during 2011. On December 31, 2011, Marlon’s common stock was trading on the NYSE at $18.50 per share. Required:

6. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 1 DQ 2 Judgment Case 13-9 (Ash Course) For more course tutorials visit www.uophelp.com ACC 306 Week 1 DQ2 Judgment Case 13-9 Judgment Case 13–9 - Valleck Corporation - Loss contingency and full disclosure ● LO5 LO6 In the March 2012 meeting of Valleck Corporation’s board of directors, a question arose as to the way a possible obligation should be disclosed in the forthcoming financial statements for the year ended December 31. A veteran board member brought to the meeting a draft of a disclosure note that had been prepared by the controller’s office for inclusion in the annual report. Here is the note: On May 9, 2011, the United States Environmental Protection Agency (EPA) issued a Notice of Violation (NOV) to Valleck alleging violations of the Clean Air Act. Subsequently, in June 2011, the EPA commenced a civil action with respect to the foregoing violation

7. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 1 Quiz For more course tutorials visit www.uophelp.com Question 1: Which of the following may create employer liabilities in connection with their payrolls? Question 2: Current liabilities are normally recorded at the amount expected to be paid rather than at their present value. This practice can be supported by GAAP according to the concept of: Question 3: The investment category for which the investor's "positive intent and ability to hold" is important is: Question 4: Which of the following investment securities held by Zoogle Inc. may be classified as held-to-maturity securities

8. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3 For more course tutorials visit www.uophelp.com ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3

9. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing Debt for equity swaps For more course tutorials visit www.uophelp.com Ethics Case 14–8 - Hunt Manufacturing - Debt for equity swaps; have your cake and eat it too ● LO5 The cloudy afternoon mirrored the mood of the conference of division managers. Claude Meyer, assistant to the controller for Hunt Manufacturing, wore one of the gloomy faces that were just emerging from the conference room. “Wow, I knew it was bad, but not that bad,” Claude thought to himself. “I don’t look forward to sharing those numbers with shareholders.” The numbers he discussed with himself were fourth quarter losses which more than offset the profits of the first three quarters. Everyone had known for some time that poor sales forecasts and production delays had wreaked havoc on the bottom line, but most were caught off guard by the severity of damage. Later that night he sat alone in his office, scanning and rescanning the preliminary financial statements on his computer monitor. Suddenly his mood brightened. “This may work,” he said aloud, though no one could hear. Fifteen minutes later he congratulated himself, “Yes!” The next day he eagerly explained his plan to Susan Barr, controller of Hunt for the last six years. The plan involved $300 million in convertible bonds issued three years earlier. Meyer: By swapping stock for the

10. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 2 DQ 2 Ethics Case 15-4 Leasehold Improvements For more course tutorials visit www.uophelp.com Ethics Case 15–4 - American Movieplex - Leasehold improvements ● LO3 American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting. The question being discussed over break- fast on Wednesday morning was the length of the depreciation period for these leasehold improvements. The com- pany controller, Sarah Keene, was surprised by the suggestion of Larry Person, her new assistant. Keene: Why 25 years? We’ve never depreciated leasehold improvements for such a long period. Person: I noticed that in my review of

11. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 2 Quiz For more course tutorials visit www.uophelp.com Question 1: The method used to pay interest depends on whether the bonds are: Question 2: Bond X and bond Y are both issued by the same company. Each of the bonds has a maturity value of $100,000 and each matures in 10 years. Bond X pays 8% interest while bond Y pays 9% interest. The current market rate of interest is 8%. Which of the following is correct? Question 3: Which of the following statements characterizes a leveraged lease? Question 4: If the lessee and

12. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 (Ash Course) For more course tutorials visit www.uophelp.com ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16

13. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 3 Ethics Case 17-6 401(k) plan contributions For more course tutorials visit www.uophelp.com Ethics Case 17–6 - VXI International - 401(k) plan contributions ● LO1 You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet air- craft. VXI began a defined contribution pension plan three years ago. The plan is a so-called 401(k) plan (named after the Tax Code section that specifies the conditions for the favorable tax treatment of these plans) that permits voluntary contributions by employees. Employees’ contributions are matched with one dollar of employer contribution for every two dollars of employee

14. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 3 Integrating Case 16-5 accounting changes and error correction For more course tutorials visit www.uophelp.com Integrating Case 16–5 - Williams-Santana, Inc. - Tax effects of accounting changes and error correction; six situations ● LO1 LO2 LO8 Williams-Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 1997 by two talented engineers with little business training. In 2011, the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2011 before any adjusting entries or closing entries were prepared. The income tax rate is 40% for all years. a. A five-

15. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 3 Quiz For more course tutorials visit www.uophelp.com Question 1: If a company's deferred tax asset is not reduced by a valuation allowance, the company believes it is more likely than not that: Question 2: Which of the following statements typifies defined contribution plans? Question 3: The annual pension expense for what type of pension plan(s) is recorded by a journal entry that includes a debit to pension expense and a

16. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash Course) For more course tutorials visit www.uophelp.com ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5

17. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 4 Communication Case 18-10 (Ash Course) For more course tutorials visit www.uophelp.com Communication Case 18–10 Should the present two-category distinction between liabilities and equity be retained? Group interaction. ● LO1 The current conceptual distinction between liabilities and equity defines liabilities independently of assets and equity, with equity defined as a residual amount. The present proliferation of financial instruments that combine features of both debt and equity and the difficulty of drawing a distinction have led many to conclude that the present two-category distinction between liabilities and equity should be eliminated. Two opposing viewpoints are: View 1: The distinction should be maintained. View 2: The distinction should be eliminated

18. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 4 Ethics Case 19-7 International Network Solutions For more course tutorials visit www.uophelp.com Ethics Case 19–7 International Network Solutions ● LO6 International Network Solutions provides products and services related to remote access networking. The company has grown rapidly during its first 10 years of operations. As its segment of the industry has begun to mature, though, the fast growth of previous years has begun to slow. In fact, this year revenues and profits are roughly the same as last year. One morning, nine weeks before the close of the fiscal year, Rob Mashburn, CFO, and Jessica Lane, controller, were sharing coffee and ideas in Lane’s office. Lane: About the Board meeting Thursday. You may be right. This may be the time to suggest a share buyback program. Mashburn: To begin this year, you mean? Lane: Right! I know Barber will

19. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 4 Quiz For more course tutorials visit www.uophelp.com Question 1: Which of the following will require a recalculation of weighted-average shares outstanding for all years presented? Question 2: Which of the following statements is true when dividends are not declared or paid on cumulative preferred stock? Question 3: When treasury shares are sold at a price above cost: Question 4: When a property dividend

20. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 5 Analysis Case 20-10 (Ash Course) For more course tutorials visit www.uophelp.com Analysis Case 20–10 - DRS Corporation - Various changes ● LO1 through LO4 DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computing depreciation for its office building. At the end of 2011, DRS changed the specific subsidiaries constituting the group of companies for which its consolidated financial statements are prepared. Required: 1.

21. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 5 Ethics Case 21-7 For more course tutorials visit www.uophelp.com Ethics Case 21–7 - Ben Naegle - Where’s the cash? ● LO1 LO3 After graduating near the top of his class, Ben Naegle was hired by the local office of a Big 4 CPA firm in his hometown. Two years later, impressed with his technical skills and experience, Park Electronics, a large regional consumer electronics chain, hired Ben as assistant controller. This was last week. Now Ben’s initial excitement has turned to distress. The cause of Ben’s distress is the set of financial statements he’s stared at for the last four hours. For some time prior to his recruitment, he had been aware of the long trend of moderate profitability of his new employer. The reports on his desk confirm the slight, but steady, improvements in net income in recent years. The trend he was just now becoming aware of, though, was the decline in cash flows from operations. Ben had sketched out the following comparison ($ in millions): Profits? Yes. Increasing profits? Yes

22. ACC 306(ASH) your Dreams Our Mission/uophelp.com ACC 306 Week 5 Final Lease Paper (2 Papers) For more course tutorials visit www.uophelp.com This Tutorial contains 2 Papers of this Assignment ACC 306 Week 5 Final Paper (Lease) What is a lease and how is it used as a financing vehicle? How are leases accounted for within the firm’s financial reports? What is the difference between a capital lease and an operating lease? What is residual value? What are executory costs? What considerations are relevant in a lease or sell decision? Provide a discussion of all potential scenarios and the relevant accounting requirements. Your paper must:

23. ACC 306(ASH) your Dreams Our Mission/uophelp.com For more course tutorials visit www.uophelp.com