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ACC 423 MART Empowering and Inspiring/acc423mart.com

This Tutorial contains Excel File which can be used for any change in values Week 5 Final Exam CPA Question 01 CPA Question 02 CPA Question 05 Question 29 Brief Exercise 15-4 Exercise 15-1 CPA Question 04 CPA Question 06 Brief Exercise 16-2 Brief Exercise

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ACC 423 MART Empowering and Inspiring/acc423mart.com

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  1. ACC 423 MART Empowering and Inspiring/acc423mart.com

  2. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Final Exam Guide (New 2017, With EXCEL FILE) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used for any change in values Week 5 Final Exam CPA Question 01 CPA Question 02 CPA Question 05 Question 29 Brief Exercise 15-4 Exercise 15-1 CPA Question 04 CPA Question 06 Brief Exercise 16-2 Brief Exercise 16-7 Brief Exercise 17-1 Brief Exercise 17-9 Brief Exercise 17-13 Exercise 17-3 Exercise 17-10 Question 8 Brief Exercise 19-3 Brief Exercise 19-12 Exercise 19-2 CPA Question 08 CPA Question 02 Brief Exercise 20-8 Exercise 20-1 Exercise 20-5 Exercise 20-12 CPA Question 03 Exercise 22-19 CPA Question 01 On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding: • Common stock, no par, $1 stated value

  3. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 1 Coca-Cola and PepsiCo Presentation FOR MORE CLASSES VISIT www.acc423mart.com Create a 10- to 12-slide presentation that addresses each question within the Comparative Analysis Case, pp. 824-825. Click the Assignment Files tab to submit your assignment. The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. (a) What is the par or stated value of Coca-Cola's and PepsiCo's common or capital stock?

  4. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 1 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com Why do companies offer stock options?  What is the experience of either your organization or an organization that you are familiar with when it comes to stock option compensation?  Should stock option compensation be included as an expense when calculating an organization’s net income?  Explain why or why not. If so, how should the amount of expense be calculated?

  5. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 1 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between basic and diluted earnings per share?  What are the differences between the numerator and the denominator in the basic and diluted earnings per share calculations?  What actions can an organization take in order to improve their earnings per share?  What is the experience of either your organization or an organization that you are familiar with when it comes to any of these actions?  As an investor, do you evaluate a company as a potential investment using basic or diluted earnings per share? Explain why.

  6. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 1 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com Why do companies offer stock options? Should stock-option compensation be included as an expense when calculating an organization's net income? Explain why or why not. if so, how should the amount of expense be calculated?  What is the experience of either your organization or an organization that you are familiar   with when it comes to stock option compensation?  Should stock option compensation be included as an expense when calculating an organization’s net income? Explain why or why not. If so, how should the amount of expense be calculated?

  7. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 1 Wileyplus With Excel File New Syllabus FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used for any Values • Brief Exercise 15-9 • Brief Exercise 15-12 • Exercise 15-6 • Exercise 15-7 • Exercise 15-10 • Exercise 15-12 • Exercise 15-17 • Exercise 15-21 • Brief Exercise 16-11 • Exercise 16-4 • Exercise 16-10 • Exercise 16-14 • Exercise 16-18 • Exercise 16-24 Brief Exercise 15-9 Oriole Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2017, Oriole reacquired 190 shares at $82 per share. On November 1, Oriole reissued the 190 shares at $71 per share. Oriole had no previous treasury stock transactions. Prepare Oriole’s journal entries to record these transactions using the cost method. Brief Exercise 15-12 Swifty Mining Company declared, on April 20, a dividend of $442,000 payable on June 1. Of this amount, $108,000 is a return of capital.

  8. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 2 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Explain whether or not derivatives are a good investment.  What experience do you have with either traditional or derivative instruments in your organization or an organization that you are familiar with?

  9. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 2 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com Why do companies make investments in other companies? What are the differences between debt and equity investments? What is the experience of either your organization or an organization that you are familiar with when it comes to debt and/or equity investments? What would influence a company to choose equity or debt as an investment?

  10. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 2 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Are derivatives a good investment? Explain why or why not.  Why do companies make investments in other companies? What are the differences between debt and equity investments? What would influence a company to choose equity or debt as an investment?  How do the various classifications of investments affect financial statements? What is the rationale behind the different accounting methods for the various investment classifications? Which is more important when determining the accounting method for securities, influence, or ownership? Explain why.

  11. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 2 Signature Assignment Codification Research Paper (2 Papers) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains 2 Papers What is a Signature Assignment? A signature assignment is designed to align with specific program student learning outcome(s) for a program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments are graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. Resource: FASB Codification Link. Write a 700- to 1,050-word paper. Your client, Cascade Company, is planning to invest some of its excess cash in 5-year revenue bonds issued by the county and in the stock of one of its suppliers, Teton Co. Teton's shares trade on the over-the-counter market. The company would like you to conduct some research on the accounting for these investments.

  12. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 2 WileyPLUS Assignment (New Syllabus/With Excel File) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used to solve for any change in values Complete the following in WileyPLUS: • Brief Exercise 116 • Exercise 121 • Exercise 122 • Exercise 123 • Brief Exercise 17-2 • Brief Exercise 17-5 • Brief Exercise 17-7 • Brief Exercise 17-11 • Brief Exercise 17-13 • Exercise 17-3 • Exercise 17-9 • Exercise 17-12 • Exercise 17-18 • Exercise 17-27 Brief Exercise 116 On April 1, 2018, West Company purchased $472,000 of 6.50% bonds for $490,630 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2023. Prepare the journal entry on April 1, 2018. The bonds are sold on November 1, 2019 at 103 plus accrued interest. Amortization was recorded when interest was received by the straight-line method. Prepare all entries required to properly record the sale Exercise 121 Fill in the dollar changes caused in the Investment account

  13. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 3 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com Why are there differences between taxable and financial income? What are some examples of permanent and temporary differences? Why do these differences exist? How do they affect the financial statements?  What experience do you have with either taxable and financial income and/or permanent and temporary differences in your organization or an organization that you are familiar with?

  14. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 3 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com How are the tax benefits of net operating losses (NOL) disclosed on financial statements? Which is more beneficial to an organization, an NOL carryforward or an NOL carryback? Explain why. What experience do you have with NOL in your organization or an organization that you are familiar with?  When would a company decide to forego a NOL carryback?

  15. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 3 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com Why are there between taxable and financial income? What are some example of payment and temporary differences? Why do these differences exist? How do they affect financial statements.” “How they deferred tax assets and deferred tax liabilities derived?  How do they relate to the difference between tax expenses and tax payable? How could an organization have a tax receivable? Why is tax expenses reported on the income statement comprised of current and deferred tax?”  How are the tax benefits of net operating losses (NOL) disclosed on financial statements? Which is more beneficial to the organization, an NOL carryforward or NOL carryback? Why. When would a company decide to forego on carryback?

  16. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 3 Team Assignment (CA 15-2, CA 15-6, CA 16-2, CA 16-4, CA 17-6) FOR MORE CLASSES VISIT www.acc423mart.com Complete the following for this assignment as a team: • Concepts for Analysis 15-2, p. 823 • Concepts for Analysis 15-6, p. 824 • Concepts for Analysis 16-2, p. 885 • Concepts for Analysis 16-4, p. 886 • Concepts for Analysis 17-6, p. 963 Compile all team members' input. Click the Assignment Files tab to submit your assignment.

  17. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 3 WileyPLUS Assignment (With Excel Sheet) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel Sheet, which can be used for any change in values Complete the following in WileyPLUS: • Brief Exercise 19-2 • Brief Exercise 19-6 • Brief Exercise 19-11 • Brief Exercise 19-14 • Exercise 19-6 • Exercise 19-8 • Exercise 19-17 • Exercise 19-20 • Exercise 19-24 Brief Exercise 19-2 Pina Corporation began operations in 2017 and reported pretax financial income of $228,000 for the year. Pina’s tax depreciation exceeded its book depreciation by $38,000. Pina’s tax rate for 2017 and years thereafter is 30%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported? Brief Exercise 19-6 At December 31, 2017, Sandhill Inc. had a deferred tax asset of $30,200. At December 31, 2018, the deferred tax asset is $57,200. The corporation’s 2018 current tax expense is $59,100. What amount should Sandhill report as total 2018 income tax expense? Brief Exercise

  18. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 4 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, explain why you would rather have a defined contribution plan or a defined benefit plan? What experience do you have with pension plans in your organization or an organization that you are familiar with?  As an employer, explain why you would rather offer a defined contribution plan or a defined benefit plan to your employees?

  19. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 4 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com What are the components of pension expense? How do the components of pension expense differ among the various types of contribution and benefit plans? How is the interest rate determined? Why are prior service costs amortized? Based on your knowledge of the components of pension, what would make you more or less likely to invest in a company? 

  20. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 4 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have defined contribution plan or a defined benefit plan? Explain your answer. As an employer, would you rather offer a defined contribution plan or a defined benefit plan? Explain answer.  What are the components of pension expense? How is the interest rate determined? Why are prior service costs amortized? How do the components of pension expense differ among the various types of contribution and benefit Plans?  How does a pension plan differ from a 401(k) plan? As an employee,.would you rather have a pension plan or a 401(k) plan? Explain your answer. If you were an employer, would your decision change? Why or why not.”

  21. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 4 Team Assignment (CA 19-3, CA 19-7, Ch 19 Comparative Analysis Case) FOR MORE CLASSES VISIT www.acc423mart.com Complete the following for this assignment as a team: • Concepts for Analysis 19-3, p. 1106 • Concepts for Analysis 19-7, p. 1107 • Ch. 19: Comparative Analysis Case, p.1108 Compile all team members' input. Click the Assignment Files tab to submit your assignment.

  22. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 4 WileyPLUS Assignment (New Syllabus/ With Excel File) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel Sheet, which can be used for any change in values Complete the following in WileyPLUS: • Question 16 • Brief Exercise 20-1 • Brief Exercise 20-5 • Brief Exercise 20-6 • Brief Exercise 20-8 • Brief Exercise 20-10 • Brief Exercise 20-11 • Exercise 20-3 • Exercise 20-11 • Exercise 20-19 • Exercise 20-21 • Exercise 20-23 Question 16 Given the following items and amounts, compute the actual return on plan assets: fair value of plan assets at the beginning of the period $9,480,000; benefits paid during the period $1,500,000; contributions made during the period $910,000; and fair value of the plan assets at the end of the period $10,110,000. Brief Exercise 20-1 AMR Corporation (parent company of American Airlines) reported the following (in millions). Service cost $366 Interest on P.B.O.

  23. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 5 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com What is a change in accounting principle? How do you determine if a change in principle should be reported retroactively, currently, or prospectively? How do these changes affect the financial statements?  What experience do you have with change in accounting principle in your organization or an organization you are familiar with?

  24. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 5 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between counterbalancing and noncounterbalancing errors? What are some examples of counterbalancing and noncounterbalancing errors? How are each handled? What experience do you have with counterbalancing and/or noncounterbalancing errors in your organization or an organization that you are familiar with?  Does it matter if the books are closed? Explain why or why not.

  25. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 5 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com What is a change in accounting principle? How do you determinate if a change in principle should be reported retroactively, currently or prospectively? How do these changes affect financial statements?  Why do accountants make errors? What types of errors may occur? Why is it necessary to correct them? Whit are the ramifications of not correcting errors? What are some examples of counterbalancing errors? What are some examples of noncounter balancing errors? What are the differences between counterbalancing and noncounter balancing errors? How are each handled? Does it matter if the books are closed? Why or why not.

  26. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 5 Team Assignment (CA 20-5, CA 20-7, CA 22-1, CA 22-6) FOR MORE CLASSES VISIT www.acc423mart.com Complete the following for this assignment as a team: • Concepts for Analysis 20-5, p. 1176 • Concepts for Analysis 20-7, p. 1177 • Concepts for Analysis 22-1, p. 1329 • Concepts for Analysis 22-6, p. 1329 Compile all team members' input. Click the Assignment Files tab to submit your assignment.

  27. ACC 423 MART Empowering and Inspiring/acc423mart.com ACC 423 Week 5 WileyPLUS Assignment (With Excel File, 100% Score ) OR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used for any Values Complete the following in WileyPLUS: • Brief Exercise 22-1 • Brief Exercise 22-4 • Brief Exercise 22-7 • Brief Exercise 22-8 • Exercise 22-2 • Exercise 22-5 • Exercise 22-10 • Exercise 22-11 • Exercise 22-16 • Exercise 22-17 • Exercise 22-20 • Exercise 22-22 Brief Exercise 22-1 At the beginning of 2017, Sage Construction Company changed from the completed-contract method to recognizing revenue over time (percentage-of-completion) for financial reporting purposes. The company will continue to use the completed-contract method for tax purposes. For years prior to 2017, pretax income under the two methods was as follows: percentage-of-completion $114,600, and completed-contract $84,000. The tax rate is 40%. Prepare Sage’s 2017

  28. ACC 423 MART Empowering and Inspiring/acc423mart.com

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