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ACC 422Course Real Knowledge / acc422 dotcom

For more course tutorials visit<br>www.acc422.com<br>ACC 422 Week 1 DQ 1 ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3 ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) ACC 422 Week 1 CPA Practice Exam ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) ACC 422 Week 1 Individual WileyPlus Assignment (Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3, 8-13) 100% Score ACC 422 Week 2 DQ 1 ACC 422 Week 2 DQ 2 ACC 422 Week 2 DQ 3 ACC 422 Week 2 Individual WileyPlus Assignment (Exercise 9-3, 9-12, 9-19, 10-2, 10-23, 10-24) ACC 422 Week 2 Team Assignment Textbook Problems (P7-1, P7-2, P8-4) 100% Score ACC 422 Week 2 CPA Practice Exam

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ACC 422Course Real Knowledge / acc422 dotcom

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  1. ACC 422Course Real Knowledge / acc422.com The Best way to predict the Future is to create it.....To Best way.... www.acc422.com

  2. ACC 422Course Real Knowledge / acc422.com ACC 422 Entire Course For more course tutorials visit www.acc422.com ACC 422 Week 1 DQ 1 ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3 ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) ACC 422 Week 1 CPA Practice Exam ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) ACC 422 Week 1 Individual WileyPlus Assignment (Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3, 8-13) 100% Score ACC 422 Week 2 DQ 1 ACC 422 Week 2 DQ 2 ACC 422 Week 2 DQ 3 ACC 422 Week 2 Individual WileyPlus Assignment (Exercise 9-3, 9-12, 9-19, 10-2, 10-23, 10-24) ACC 422 Week 2 Team Assignment Textbook Problems (P7-1, P7-2, P8-4) 100% Score ACC 422 Week 2 CPA Practice Exam ACC 422 Week 2 Team Assignment Financial Scavenger Hunt #1 ACC 422 Week 3 DQ 1 ACC 422 Week 3 DQ 2 ACC

  3. ACC 422Course Real Knowledge / acc422.com ACC 422 Final Exam Guide 1 For more course tutorials visit www.acc422.com Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754 What amount should be reported as cash? Question 2 Presented below is information related to Rembrandt Inc.’s inventory. (per unit) Skis Boots Parkas Historical Cost 273.79 152.75 76.37 Selling Price 312.70 208.95 106.27 Cost to distribute 27.38 11.53 3.60 Current replace

  4. ACC 422Course Real Knowledge / acc422.com ACC 422 Final Exam Guide 2 For more course tutorials visit www.acc422.com Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754 What amount should be reported as cash? Question 2 Presented below is information related to Rembrandt Inc.’s inventory. (per unit) Skis Boots Parkas Historical Cost 273.79 152.75 76.37 Selling Price 312.70 208.95 106.27 Cost to distribute 27.38 11.53 3.60 Current replacement cost 292.52 151.31 73.49 Normal profit

  5. ACC 422Course Real Knowledge / acc422.com ACC 422 Final Exam Guide 3 For more course tutorials visit www.acc422.com ACC 422 Final Exam Guide 3SET 3 1) Which of the following is NOT considered cash for financial reporting purposes? 2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? 3) Which of the following items should NOT be included in the Cash caption on the balance sheet? 4) The advantage of relating a company's bad debt expense to its outstanding accounts receivable is that this approach 5) Which of the following is a generally accepted method of determining the amount of the adjustment to bad debt expense? 6) Assuming that the ideal measure of short-term receivables in the balance sheet is the discounted value of the cash to be received in the future, failure to follow this practice usually does NOT make the balance sheet misleading bec

  6. ACC 422Course Real Knowledge / acc422.com ACC 422 Final Exam Guide All 3 Sets For more course tutorials visit www.acc422.com Details of All 180 Questions Given Below SET 1 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754 What amount should be reported as cash? Question 2 Presented below is information related to Rembrandt Inc.’s inventory. (per unit) Skis Boots Parkas Historical Cost 273.79 152.75 76.37 Selling Price 312.70 208.95 106.27 Cost to distribute 27.38 11.53 3.60 Current replacement cost 292.52 151.31 73.49 Normal profit margin 46.11 41.79 30.62 Determine the following: Question 3 Matlock

  7. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 CPA Practice Exam For more course tutorials visit www.acc422.com What amount should Herc report as inventory in its December 31, 2005, balance sheet? 2. What dollar-value LIFO inventory cost would be reported in Cobb's December 31, 2006, balance sheet? 3. Garson Co. recorded goods in transit purchased FOB shipping point at year-end as purchases. The goods were excluded from the ending inventory. What effect does the omission have on Garson's assets and retained earnings at year end? 4. In accordance with ASC Topic 255, the Consumer Price Index for All Urban Consumers is used to compute information on a 5. If current assets exceed current liabilities, payments to creditors made on the last day of the month will 6. At the end of its first year of operations, December 31, year 1, Wonder Company had a net realizable value of accounts receivable of $500,000. During year 1 Wonder recorded charges to bad debt expense of $80,000 and wrote off as uncollectible accounts receivable of $20,000. What should Won

  8. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 DQ 1 For more course tutorials visit www.acc422.com 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?

  9. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 DQ 2 For more course tutorials visit www.acc422.com 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?

  10. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 DQ 3 For more course tutorials visit www.acc422.com 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.

  11. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers) For more course tutorials visit www.acc422.com This Tutorial contains 2 Papers Resource: Internet 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.

  12. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper For more course tutorials visit www.acc422.com Resource: Internet 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.

  13. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 Individual WileyPlus Assignment (Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3, 8-13) For more course tutorials visit www.acc422.com Complete the following Week 1 Assignment in WileyPLUS: • Exercise 7-2 • Exercise 7-4 • Exercise 7-8 • Exercise 7-9 • Exercise 7-13 • Exercise 7-16 • Exercise 8-3 • Exercise 8-13 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot.

  14. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 1 Team Assignment Audited Financial Statements (Nordstrom Inc.) For more course tutorials visit www.acc422.com Each team is assigned a publically traded company that they will use to answer the questions in the Financial Scavenger Hunt assigned each week. Team A: Nordstrom Inc. Team B: Macy's Inc. Locate your assigned company's latest audited financial statements and post them on the assignment tab. Review the financial statements, including any notes and supplemental information, and answer the following questions. Indicate where you found the answer to the questions. If calculations are required, show your work. Post your answers to the assignment tab. Who are the auditors and have the auditors changed in the past 2 years? If yes, who were the previous auditors and why was there a change? 1. What kind of opinion did the auditors issue on 1. The company as a whole 2. The internal control system 3. What is the date of the audit opinion? This is the date that fixes the auditor's liability. 4. Have the financials been restated in the past 2 years? 5. Have there been any changes in the following positions in the past 2 years? 1. Chief Executive Officer 2. Chief Financial Officer --------------------------------------------------------------------------- ACC 422 Week 2 CPA Practice Exam

  15. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 2 CPA Practice Exam For more course tutorials visit www.acc422.com On June 18, 2005, Dell Printing Co. incurred the following costs for one of its printing presses: 2. The overhaul resulted in a significant increase in production. Neither the attachment nor the overhaul increased the estimated useful life of the press. What amount of the above costs should be capitalized? 3. The following two inventory items were purchased as a group in a liquidation sale for $1,000. 4. The firm purchasing the inventory records item A at what amount? 5

  16. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 2 DQ 1 For more course tutorials visit www.acc422.com 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.

  17. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 2 DQ 2 For more course tutorials visit www.acc422.com 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.

  18. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 2 DQ 3 For more course tutorials visit www.acc422.com How do we account for the disposition of fixed assets? What are the differences in how the exchanges of assets are handled, pending on whether they are similar or dissimilar? What is the rationale for these differences? What is the impact to the companies’ financial statements? ---------------------------------------------------------------------------

  19. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 3 CPA Practice Exam For more course tutorials visit www.acc422.com Alta Co. spent $400,000 during the current year developing a new idea for a product that was patented during the year. The legal cost of applying for a patent license was $40,000. Also, $50,000 was spent to successfully defend the rights of the patent against a competitor. The patent has a life of 20 years. Under U.S. GAAP, what amount should Alta capitalize related to the patent? 2. In 2005, Ball Labs incurred the following costs: 3. What was Ball's total research and development expense in 2005? 4. South Co. purchased a machine that was installed and placed in service on January 1, 2004 at a cost of $240,000. Salvage value was estimated at $40,000. The machine is being depreciated over 10 years by the double declining balance method. For the year ended December 31, 2005, what amount should South report as depreciation expense? 5. A manufacturing

  20. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 3 DQ 2 For more course tutorials visit www.acc422.com What are the different methods used to calculate depreciation? How does a company decide which method it should utilize? How does its choice affect the financial statements? Should companies standardize the method of depreciation to enhance comparability? Explain your answer.

  21. ACC 422Course Real Knowledge / acc422.com ACC 422 Week 3 DQ 3 For more course tutorials visit www.acc422.com What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some intangible assets not amortized? What is the implication to the financial statements?

  22. ACC 422Course Real Knowledge / acc422.com The Best way to predict the Future is to create it.....To Best way.... www.acc422.com

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