1 / 39

ACC422 Course Real Knowledge / acc422dotcom

For more course tutorials visit<br>www.acc422.com<br>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 Company uses a perpetual inventory system

SpencerKing3
Download Presentation

ACC422 Course Real Knowledge / acc422dotcom

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ACC422 Course Real Knowledge / acc422.com The Best way to predict the Future is to create it.....To Best way.... www.acc422.com

  2. ACC422 Course Real Knowledge / acc422.com ACCT 346 Midterm Exam All 4 Sets Click Here to Buy the Tutorial http://www.acct346.com/product-42-ACCT-346-Midterm-Exam-All-4-Sets For more course tutorials visit www.acct422.com Details of All Questions Included in these midterms could be found on this link ACCT 346 Midterm Set 1 (New) http://www.acct346.com/product-33-ACCT-346-Midterm-Set-1-(New) ACCT 346 Midterm Set 2 (New)

  3. ACC422 Course Real Knowledge / acc422.com ACC 422 Final Exam Guide 1 Click Here to Buy the Tutorial http://www.acc422.com/product-35-ACC-422-Final-Exam-Guide-1 For more course tutorials visit www.acc422.com 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)

  4. ACC422 Course Real Knowledge / acc422.com ACC 422 Final Exam Guide 2 Click Here to Buy the Tutorial http://www.acc422.com/product-34-ACC-422-Final-Exam-Guide-2 For more course tutorials visit www.acc422.com SET 2 1) Which of the following is considered cash? 2) Bank overdrafts, if material, should be 3) Which of the following is NOT considered cash for financial reporting purposes? 4) If a company employs the gross method of recording accounts receivable from customers, then sales discounts taken s

  5. ACC422 Course Real Knowledge / acc422.com ACC 422 Final Exam Guide 3 Click Here to Buy the Tutorial http://www.acc422.com/product-37-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, s

  6. ACC422 Course Real Knowledge / acc422.com ACC 422 Final Exam Guide All 3 Sets Click Here to Buy the Tutorial http://www.acc422.com/product-36-ACC-422-Final-Exam-Guide-All-3-Sets For more course tutorials visit www.acc422.com 1 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

  7. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 1 CPA Practice Exam Click Here to Buy the Tutorial http://www.acc422.com/product-38-ACC-422-Week-1-CPA-Practice-Exam For more course tutorials visit www.acc422.com 1. 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.

  8. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 1 DQ 2 Click Here to Buy the Tutorial http://www.acc422.com/product-30-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?

  9. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 1 DQ 3 Click Here to Buy the Tutorial http://www.acc422.com/product-29-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?

  10. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers Click Here to Buy the Tutorial http://www.acc422.com/product-28-ACC-422-Week-1-Individual-Assignment-Disclosure-Analysis-Paper 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.

  11. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 1 Individual Assignment Disclosure Analysis Paper (2 Papers Click Here to Buy the Tutorial http://www.acc422.com/product-28-ACC-422-Week-1-Individual-Assignment-Disclosure-Analysis-Paper 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.

  12. ACC422 Course 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) Click Here to Buy the Tutorial http://www.acc422.com/product-40-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. .

  13. ACC422 Course 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) Click Here to Buy the Tutorial http://www.acc422.com/product-40-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 scre

  14. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 2 CPA Practice Exam Click Here to Buy the Tutorial http://www.acc422.com/product-43-ACC-422-Week-2-CPA-Practice-Exam For more course tutorials visit www.acc422.com 1. 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

  15. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 2 DQ 1 Click Here to Buy the Tutorial http://www.acc422.com/product-26-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.

  16. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 2 DQ 2 Click Here to Buy the Tutorial http://www.acc422.com/product-25-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.

  17. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 2 DQ 3 Click Here to Buy the Tutorial http://www.acc422.com/product-24-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?

  18. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 2 Individual WileyPlus Assignment (Exercise 9-3, 9-12, 9-19, 10-2, 10-23, 10-24) Click Here to Buy the Tutorial http://www.acc422.com/product-41-ACC-422-Week-2-Individual-WileyPlus-Assignment-(Exercise-9-3,-9-12,-9-19,-10-2,-10-23,-10-24) For more course tutorials visit www.acc422.com Complete the following Week Two Assignment in WileyPLUS: • Exercise 9-3 • Exercise 9-12 • Exercise 9-19 • Exercise 10-2 • Exercise 10-23 • Exercise 10-24 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot

  19. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 2 Team Assignment Textbook Problems (P7-1, P7-2, P8-4) Click Here to Buy the Tutorial http://www.acc422.com/product-42-ACC-422-Week-2-Team-Assignment-Textbook-Problems-(P7-1,-P7-2,-P8-4)- For more course tutorials visit www.acc422.com Prepare written responses to the following assignments from Ch. 7 & 8 of Intermediate Accounting: • Problem 7-1 • Problem 7-2 • Problem 8-4 Click the Assignment Files tab to submit your assignment.

  20. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 3 CPA Practice Exam Click Here to Buy the Tutorial http://www.acc422.com/product-46-ACC-422-Week-3-CPA-Practice-Exam For more course tutorials visit www.acc422.com 1. 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

  21. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 3 DQ 1 Click Here to Buy the Tutorial http://www.acc422.com/product-20-ACC-422-Week-3-DQ-1 For more course tutorials visit www.acc422.com What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not.

  22. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 3 DQ 3 Click Here to Buy the Tutorial http://www.acc422.com/product-18-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? ?

  23. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 3 Individual WileyPlus Assignment Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8, 12-17 Click Here to Buy the Tutorial http://www.acc422.com/product-44-ACC-422-Week-3-Individual-WileyPlus-Assignment-Exercise-11-6,-11-9,-11-21,-12-1,-12-6,-12-8,-12-17 For more course tutorials visit www.acc422.com Complete the following Week Three Assignment in WileyPLUS: • Exercise 11-6 • Exercise 11-9 • Exercise 11-21 • Exercise 12-1 • Exercise 12-6 • Exercise 12-8 • Exercise 12-17

  24. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 3 Team Assignment Textbook Problems (P9-2, P9-4, P10-3, P10-4) 100% Score Click Here to Buy the Tutorial http://www.acc422.com/product-45-ACC-422-Week-3-Team-Assignment-Textbook-Problems-(P9-2,-P9-4,-P10-3,-P10-4)- For more course tutorials visit www.acc422.com Prepare written responses to the following assignments from Ch. 9 & 10 of Intermediate Accounting: Problem 9-2 Problem 9-4 Problem 10-3 Problem 10-4 Click the Assignment Files tab to submit your assignmen

  25. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 CPA Practice Exam Click Here to Buy the Tutorial http://www.acc422.com/product-50-ACC-422-Week-4-CPA-Practice-Exam For more course tutorials visit www.acc422.com 1. On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200 when due on December 30. In its December 31, balance sheet, what amount should World report as note payable? 2. Gain contingencies are usually recognized in the income statement when

  26. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 DQ 1 Click Here to Buy the Tutorial http://www.acc422.com/product-14-ACC-422-Week-4-DQ-1 For more course tutorials visit www.acc422.com What are the criteria for classifying an item as a current liability? What are some examples of current liabilities? Why is it important to classify a portion of long-term debt on a yearly basis as a current liability?

  27. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 DQ 2 Click Here to Buy the Tutorial http://www.acc422.com/product-13-ACC-422-Week-4-DQ-2 For more course tutorials visit www.acc422.com What is a contingency? Why are contingencies important to users of financial statements? What are the criteria for recording contingencies?

  28. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 DQ 3 Click Here to Buy the Tutorial http://www.acc422.com/product-12-ACC-422-Week-4-DQ-3 For more course tutorials visit www.acc422.com What is a bond? What are some features of a bond? How do you value bonds? What factors can affect that value?

  29. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 Individual Wileyplus Assignment Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4, 14-13 Click Here to Buy the Tutorial http://www.acc422.com/product-48-ACC-422-Week-4-Individual-Wileyplus-Assignment-Exercise-13-1,-13-3,-13-5,-13-8,-13-11,-14-4,-14-13 For more course tutorials visit www.acc422.com Resource: WileyPLUS Complete the following Week Four Assignment in WileyPLUS: • Exercise 13-1 • Exercise 13-3 • Exercise 13-5 • Exercise 13-8 •

  30. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 Team Assignment Financial Scavenger Hunt #3 (Nordstrom) Click Here to Buy the Tutorial http://www.acc422.com/product-49-ACC-422-Week-4-Team-Assignment-Financial-Scavenger-Hunt-3-(Nordstrom) For more course tutorials visit www.acc422.com 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

  31. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 Team Assignment Textbook Problems (P11-1, P12-1 Click Here to Buy the Tutorial http://www.acc422.com/product-47-ACC-422-Week-4-Team-Assignment-Textbook-Problems-(P11-1,-P12-1)- For more course tutorials visit www.acc422.com Prepare written responses to the following assignments from Ch. 11 & 12 of Intermediate Accounting: • Problem 11-1 • Problem 12-1 Click the Assignment Files tab to submit your assignment

  32. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 4 DQ 3 Click Here to Buy the Tutorial http://www.acc422.com/product-12-ACC-422-Week-4-DQ-3 For more course tutorials visit www.acc422.com What is a bond? What are some features of a bond? How do you value bonds? What factors can affect that value?

  33. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 5 DQ 2 Click Here to Buy the Tutorial http://www.acc422.com/product-8-ACC-422-Week-5-DQ-2 For more course tutorials visit www.acc422.com What are the criteria for classifying a lease as operating or capital? Why is there a difference between the two? What are the implications of an operating lease versus a capital lease on an entity’s financial statements?

  34. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 5 DQ 3 Click Here to Buy the Tutorial http://www.acc422.com/product-7-ACC-422-Week-5-DQ-3 For more course tutorials visit www.acc422.com What is residual value? What is the implication to the lessee if the residual value is guaranteed or unguaranteed? What is the implication to the lessor?

  35. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 5 DQ 4 Click Here to Buy the Tutorial http://www.acc422.com/product-6-ACC-422-Week-5-DQ-4 For more course tutorials visit www.acc422.com Week 5 – DQ 4 What are the advantages of operating and capital leases? What are the disadvantages? Why would a company pick one over the other?

  36. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 5 Individual WileyPlus Assignment Exercise 21-2, 21-4, 21-8 (Essay), 21-8, 21-13 Click Here to Buy the Tutorial http://www.acc422.com/product-51-ACC-422-Week-5-Individual-WileyPlus-Assignment--Exercise-21-2,-21-4,-21-8-(Essay),-21-8,-21-13 For more course tutorials visit www.acc422.com Complete the following Week Five Assignment in WileyPLUS: • Exercise 21-2 • Exercise 21-4 • Exercise 21-8 (Essay) • Exercise 21-8 • Exercise 21-13 Take a screenshot of your completed work, and Click the Assignment Files tab to submit your screenshot.

  37. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 5 Learning Team Problem Presentation Click Here to Buy the Tutorial http://www.acc422.com/product-3-ACC-422-Week-5-Learning-Team-Problem-Presentation For more course tutorials visit www.acc422.com Collaborate as a team to provide written responses to a facilitator-assigned problem. Prepare a 5- to 10-minute oral pr

  38. ACC422 Course Real Knowledge / acc422.com ACC 422 Week 5 Team Assignment Textbook Problems (P13-10,P14-2, P21-3) Click Here to Buy the Tutorial http://www.acc422.com/product-52-ACC-422-Week-5-Team-Assignment-Textbook-Problems-(P13-10,P14-2,-P21-3)- For more course tutorials visit www.acc422.com Prepare written responses to the following assignments from Ch. 13,14 & 21 of Intermediate Accounting: Problem 13-10 Problem 14-2Problem 21-3 Click the Assignment Files tab to submit your assignment.Auditing Standards

  39. ACC422 Course Real Knowledge / acc422dotcom The Best way to predict the Future is to create it.....To Best way.... www.acc422.com

More Related