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ACC 537 MART Invent Yourself/acc537mart.com

FOR MORE CLASSES VISIT www.acc537study.comP7-1 (Determine Proper Cash Balance) Francis Equipment Co. closes its books regularly on December 31, but at the end of 2014 it held its cash book open so that a more favorable balance sheet could be prepared for credit purposes. Cash receipts and disbursements for the first 10 days of January were recorded as December transactions. The information is given below.

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ACC 537 MART Invent Yourself/acc537mart.com

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  1. ACC 537 MART InvenYourself/acc202mart.com

  2. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Assignment IFRS Convergence with FASB (2 Papers 1050 words each) FOR MORE CLASSES VISIT www.acc537study.com ACC 537 Assignment IFRS Convergence with FASB (2 Papers, 1050 words each)

  3. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 1 Assignment Current Issues in Accounting FOR MORE CLASSES VISIT www.acc537study.com Write a 700- to 1,050-word summary discussing the points listed below. The summary should be structured in a subject-by-subject format. An introduction and a conclusion are needed. Your essay should include the answers to the following: Explain how accounting assists in the efficient use of scarce resources

  4. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 1 Textbook Problems P7 1Francis Equipment Co FOR MORE CLASSES VISIT www.acc537study.com P7-1 (Determine Proper Cash Balance) Francis Equipment Co. closes its books regularly on December 31, but at the end of 2014 it held its cash book open so that a more favorable balance sheet could be prepared for credit purposes. Cash receipts and disbursements for the first 10 days of January were recorded as December transactions. The information is given below.

  5. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 2 E8 21 LIFO Effect FOR MORE CLASSES VISIT www.acc537study.com E8-21 (LIFO Effect) The following example was provided to encourage the use of the LIFO method. In a nutshell, LIFO subtracts inflation from inventory costs, deducts it from taxable income, and records it in a LIFO reserve account on the books. The LIFO benefit grows as inflation widens the gap between current-year and past-year (minus inflation) inventory costs. This gap is

  6. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 2 Textbook Problem P7 4 Bad Debt Reporting (Fortner Corporation) FOR MORE CLASSES VISIT www.acc537study.com P7-4 (Bad-Debt Reporting) From inception of operations to December 31, 2014, Fortner Corporation provided for uncollectible accounts receivable under the allowance method. Provisions were made monthly at 2% of credit sales, bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no year-end adjustments to the allowance account were made. Fortner’s usual credit terms are net 30 days. The balance in Allowance for Doubtful Accounts was $130,000 at January 1, 2014. During 2014, credit sales totaled $9,000,000, interim provisions for doubtful accounts were made at 2% of credit sales, $90,000 of bad debts were written off, and recoveries of accounts previously written off amounted to $15,000.

  7. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 2 Textbook Problems P10 2 Lobo Corporation (Team Paper and Solution) FOR MORE CLASSES VISIT www.acc537study.com P10-2 (Classification of Acquisition Costs) Selected accounts included in the property, plant, and equipment section of Lobo Corporation%u2019s balance sheet at December 31, 2013, had the following balances. Land $ 300,000 Land improvements 140,000 Buildings 1,100,000 Equipment 960,000 During 2014, the following transactions occurred.

  8. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 3 Textbook Problem 11 4 Per Company FOR MORE CLASSES VISIT www.acc537study.com ACC 537 Week 3 Textbook Problem 11-4 Per Company Truck

  9. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 3 Textbook Problem P13 4 Otis Import Company (Team Paper and Solution) FOR MORE CLASSES VISIT www.acc537study.com Below is a payroll sheet for Otis Import Company for the month of September 2014. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $113,700. In addition, 1.45% is charged both employer and employee for an employees wages in excess of $113,700 per employee.

  10. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 4 Assignment Leases FOR MORE CLASSES VISIT www.acc537study.com Write a 700- to 1,050-word summary discussing the points listed below Identify the two recognized lease-accounting methods for lessees and distinguish between them. Distinguish between minimum rental payments and minimum lease Payments

  11. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 4 Textbook P13 13 (Liability Errors) Millay Corporations (Memo and Solution) FOR MORE CLASSES VISIT www.acc537study.com 13-13 (Liability Errors) You are the independent auditor engaged to audit Millay Corporation's December 31, 2014, financial statements. Millay manufactures household appliances. During the course of your audit, you discovered the following contingent liabilities. 1. Millay began production of a new dishwasher in June 2014 and, by December 31, 2014, sold 120,000 to various retailers for $500 each. Each dishwasher is under a one-year warranty.

  12. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 4 Textbook Problem P15 4, E21 2 FOR MORE CLASSES VISIT www.acc537study.com P15-4 (Stock Transactions—Lump Sum) Seles Corporation’s charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,000, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $106 a share.

  13. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 5 Assignment Securities www.acc537study.com Distinguish between a debt security and equity security What purpose does the variety in bond features (types and characteristics) serve? What is meant by "Yield to Maturity"? Identify and explain the three types of classifications for investments in debt securities. Conclusionase

  14. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 5 Textbook Problem P17 7 Wildcat Company FOR MORE CLASSES VISIT www.acc537study.com P17-7 (Available-for-Sale and Held-to-Maturity Debt Securities Entries) The following information relates to the debt securities investments of Wildcat Company. 1. On February 1, the company purchased 10% bonds of Gibbons Co. having a par value of $300,000 at 100 plus accrued interest. Interest is payable April 1 and October 1. 2. On April 1, semiannual interest is received.

  15. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 5 Textbook Problem P20 1 Cunningham Company FOR MORE CLASSES VISIT www.acc537study.com P20-1. On Jan 1, 2014cunningham/Harrington company has the following defined benefit pension plan balances. Projected benefit obligation 4,500,000 Fair value of plan assets 4,200,000 The interest (settlement) rate applicable to the plan is 10%. On Jan 1, 2015 the company amends its pension agreement so that prior service costs of 500,00 are created. other data related to the pension plan are as follows. Year 2014 Service 150,000 Prior service cost amortization 0 Contribution (funding) to the plan 240,000 benefits paid 200,000 actual return on plan assets 252,000 expected rate of return on assets 6% Year 2015 Service cost 180,000 prior service cost amortization 90,000 contributions (funding) ti the plan 285,000 benefits paid 280,000 actual return on plan assets 260,000 expected rate of return on assets 8% A.

  16. ACC 537 MART InvenYourself/acc202mart.com ACC 537 Week 6 CA22 4 Analysis of Various Accounting Changes and Errors (Solution and Presentation) FOR MORE CLASSES VISIT www.acc537study.com This Tutorial contains both Solution and Presentation CA22-4 (Analysis of Various Accounting Changes and Errors) Katherine Irving, controller of Lotan Corp., is aware of a pronouncement on accounting changes. After reading the pronouncement, she is confused about what action should be taken on the following items related to Lotan Corp. for the year 2014.

  17. ACC 537 MART InvenYourself/acc202mart.com

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