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Title: ACC 421 Help A Clearer Path to Student Success/ snaptutorial.com


1
ACC 421 Help A Clearer Path to Student Success /
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Chapter 5 Wileyplus
  •  
  • For more classes visit
  • www.snaptutorial.com

Ames Company reported 2014 net income of
151,000. During 2014, accounts receivable
increased by 13,000 and accounts payable
increased by 9,500. Depreciation expense was
44,000.
3
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Chapter 23 wileyplus
  •  
  • For more classes visit
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Ocean Company follows IFRS for its external
financial reporting. Which of the following
methods of reporting are acceptable under IFRS
for the items shown?
4
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Entire Course Final Guide
  •  
  • For more classes visit
  • www.snaptutorial.com

ACC 421 Week 4 Team Assignment P5-3, CA24-2,
P24-2, P24-3 ACC 421 Week 5 Individual WileyPLUS
E6-1, E6-2, E6-8, P6-2 ACC 421 Week 5 Team
Assignment P6-7, P5-7, P23-7, P23-8 ACC 421 WEEK
5 INDIVIDUAL ASSIGNMENT STATEMENT OF CASH FLOWS
PAPER (2 Papers)
5
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Final Exam Guide (New) 98 Score
  •  
  • For more classes visit
  • www.snaptutorial.com

On July 1, 2014, Crowe Co. pays 15,000 to Zubin
Insurance Co. for a 3-year insurance policy. Both
companies have fiscal years ending December 31.
For Crowe Co., journalize the entry on July 1 and
the adjusting entry on December 31. 
6
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Final Exam Guide (New)
  •  
  • For more classes visit
  • www.snaptutorial.com

Score atleast 90 easily with our EXCEL SHEET for
any values (EVEN IF VALUES CHANGES) of below
mentioned Question
7
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Final Exam Guide
  •  
  • For more classes visit
  • www.snaptutorial.com

On January 1, 2012, Richards Inc. had cash and
common stock of 63,640. At that date the company
had no other asset, liability or equity balances.
On January 2, 2012, it purchased for cash 24,740
of equity securities that it classified as
available-for-sale. It received cash dividends of
3,300 net of tax during the year on these
securities
8
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 1 CPA Practice
  •  
  • For more classes visit
  • www.snaptutorial.com

According to the FASB conceptual framework, the
quality of information that helps users increase
the likelihood of correctly forecasting the
outcome of past or present events is called
9
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 1 Individual Assignment Accounting
    Cycle Paper (2 Paper)
  •  
  • For more classes visit
  • www.snaptutorial.com

Prepare a 700- to 1,050-word paper explaining the
overall accounting cycle at your
organization. Include a description of the
people, processes, and systems that are integral
to the cycle.
10
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 1 Individual Assignment Accounting
    Cycle Paper (2 Paper
  •  
  • For more classes visit
  • www.snaptutorial.com

The assignment contains two parts first is to
describe the accounting cycle according to the
text or other authoritative source--to say what
you know the accounting cycle is composed of. The
second part is to recognize the accounting cycle
in an environment that you are familiar with
including a description of the people, processes,
and systems that are part of the accounting and
financial reporting processes.
11
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 1 Individual Wileyplus Assignment
    E2-4, E2-6, E2-7, E3-1, E3-8
  •  
  • For more classes visit
  • www.snaptutorial.com

Complete the following Week One Assignment in
WileyPLUS Exercise 2-4 Exercise 2-6 Exercise
2-7 Exercise 3-1 Exercise 3-8
12
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 1 US GAAP Versus IFRS
  •  
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Your aunt recently received the annual report for
a company in which she has invested. The report
notes that the statements have been prepared in
accordance with generally accepted accounting
principles. She has also heard that certain
terms have special meanings in accounting
relative to everyday use. She would like you to
explain the meaning of terms she has come across
related to accounting.
13
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 2 DQs
  •  
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Why are the methods subjective, and what are the
implications on income statement quality?
14
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 2 Individual BE 4-2, BE 4-3, BE
    4-10, Ex 18-3, Ex 18-7
  •  
  • For more classes visit
  • www.snaptutorial.com

Brisky Corporation had net sales of
2,400,000 and interest revenue of 31,000 during
2014. Expenses for 2014 were cost of goods sold
1,450,000 administrative expenses 212,000
selling expenses 280,000 and interest expense
45,000. Briskys tax rate is 30. The
corporation had 100,000 shares of common stock
authorized and 70,000 shares issued and
outstanding during 2014. Prepare a single-step
income statement for the year ended December 31,
2014. (Round earnings per share to 2 decimal
places, e.g. 1.48.)
15
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 2 Individual Revenue Recognition
    standards (2 PPT)
  •  
  • For more classes visit
  • www.snaptutorial.com

Create a 7- to 12-slide presentation. Describe the
new Revenue Recognition standards. Project the
impact of these new standards on financial
reporting. Click the Assignment Files tab to
submit your assignment.
16
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 2 Individual Wileyplus Assignment
    BE4-2, BE4-4, BE4-9, BE18-2, BE18-5, BE18-6
  •  
  • For more classes visit
  • www.snaptutorial.com

Complete the following Week 2 Assignment in
WileyPLUS Brief Exercise 4-2 Brief Exercise
4-4 Brief Exercise 4-9 Brief Exercise 18-2 Brief
Exercise 18-5
17
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 2 Individual Wileyplus Assignment
    E4-6, E4-16, P3-5, E18-4, E18-5
  •  
  • For more classes visit
  • www.snaptutorial.com

ACC 421 Week 2 Answers Week 2 Solutions to
E4-6, E4-16, P3-5, E18-4, E18-5 Week 2
Solutions to Problems 1,2,3, and 4
18
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 2 Team Assignment CA1-3, CA 1-14,
    E3-14, P3-11
  •  
  • For more classes visit
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Discuss the interrelationship between the
Securities and Exchange Commission and the
Financial Accounting Standards Board with respect
to the development and establishment of financial
accounting theory and practices.
19
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 2 Team Coca-Cola PepsiCo Comparative
    Analysis Cases p. 72 and 145
  •  
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Complete, as a team, the Coca-Cola/PepsiCo
Comparative Analysis Cases on p. 72 and 145. Your
responses should be approximately one to two
sentences for each segment (a-d,
a-c). Compile all team members input.
20
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 Assignment CA 4-2, Problem 18-3,
    Problem 18-2
  •  
  • For more classes visit
  • www.snaptutorial.com

Complete the following individually and discuss
your individual answers as a team CA 4-2, p.
190 Problem 18-3, p. 1043 Problem 18-2, p.
1047 After discussing your answers, compile each
into a team response. Click the Assignment Files
tab to submit your assignment.
21
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 CPA Practice
  •  
  • For more classes visit
  • www.snaptutorial.com

An enterprise must separately report information
about an operating segment when the segments
revenue meets what minimum percentage of the
combined revenue of the reported operating
segments?
22
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual BE 5-1, Ex 5-3, Ex 5-9,
    Pr 5-2, BE 2-1, BE 24-8, Pr 24-3 (With Excel
    File)
  • For more classes visit
  • www.snaptutorial.com

Pronghom corporation has the following accounts
included in its December 31, 2017, trial balance
Accounts receivable 110,600, Inventory 293,500,
Allowance for Doubtful Accounts 9,450, Patents
72,500, prepaid insurance 9,590, Accounts
payable 81,200 and cash 30,200. Prepare the
current assets section of the balance sheet.
23
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual BE 24-1 (Essay) (with
    Excel File)
  •  
  • For more classes visit
  • www.snaptutorial.com

An annual report of Crestwood Industries states,
The company subsidiaries have long-term leases
expiring on various dates after December 31,2017.
Amounts payables under such commitments, without
reduction for related rental income, are expected
to average approximately 5,711,000 annually for
the next 3 years. Related rental income from
certain subleases to others is estimated to
average 3,094,000 annually for the next 3 years.
24
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 Individual BE 24-8 (with Excel
    File)
  •  
  • For more classes visit
  • www.snaptutorial.com

A company has a current assest of 89,000 (of
which 42,000 is inventory and prepaid items) and
current liabilities of 42,000. What is the
current ratio? What is the acid-test ratio? If
the company borrows 14,000 cash from bank on a
120 day loan, what will its current ratio be?
What will the acid test ratio be?
25
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual Brief Exercise 5-1
    (with Excel File)
  •  
  • For more classes visit
  • www.snaptutorial.com

Pronghom corporation has the following accounts
included in its December 31, 2017, trial balance
Accounts receivable 110,600, Inventory 293,500,
Allowance for Doubtful Accounts 9,450, Patents
72,500, prepaid insurance 9,590, Accounts
payable 81,200 and cash 30,200. Prepare the
current assets section of the balance sheet.
26
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual Exercise 5-3
  •  
  • For more classes visit
  • www.snaptutorial.com

For Fielder Enterprises, indicate how each of the
following usually should be classified. If an
item should appear in a note to the financial
statements, select note to Financial Statement
to indicate this fact. If an item need to be
reported on the balance sheet, select Balance
Sheet and if an item need not be reported at
all, select Not to be Reported
27
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual Exercise 5-9 (with
    Excel File)
  •  
  • For more classes visit
  • www.snaptutorial.com

Exercise 5-9 (Part Level Submission) The current
assests and current liabilities sections of the
balance sheet of Cheyenne company appear as
follows. a)      calculate following adjusted
balances.
28
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual Problem 5-2 (with Excel
    File)
  •  
  • For more classes visit
  • www.snaptutorial.com

This Tutorial contains Excel File which can be
used to solve for any values     Problem
5-2 Presented below are a number of balance sheet
items for waterway, Inc., for the current year,
2017.
29
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 Individual Problem 24-3 (Essay)
  •  
  • For more classes visit
  • www.snaptutorial.com

Bradbum Corporation was Formed 5 years age
through a public subscription of common stock.
Daniel Brown, who owns 15 of the common stock,
was one of the organizers of Bradburn and is its
current president. The company has been
successful, but it currently is experiencing a
shortage of funds.
30
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual Problem 24-3 (Essay)
  •  
  • For more classes visit
  • www.snaptutorial.com

Bradbum Corporation was Formed 5 years age
through a public subscription of common stock.
Daniel Brown, who owns 15 of the common stock,
was one of the organizers of Bradburn and is its
current president. The company has been
successful, but it currently is experiencing a
shortage of funds.
31
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 3 Individual Wileyplus Assignment
    BE5-2, BE5-6, E5-1, E5-4, E5-7, E5-12, E24-2,
    E24-3, E24-4
  • For more classes visit
  • www.snaptutorial.com

Brief Exercise 5-2 Brief Exercise 5-6 Exercise
5-1 Exercise 5-4
32
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 Individual Wileyplus Assignment
    E5-5, E5-12, E5-15, E24-2, E24-5
  • For more classes visit
  • www.snaptutorial.com

ACC 421 Week 3 Answers Week 3 Solutions to
E5-5, E5-12, E5-15, E24-2, E24-5
33
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 Team Assignment Comparative
    Analysis Case (Coca Cola/Pepsi Co)
  • For more classes visit
  • www.snaptutorial.com

(b) What are the gross profits, operating
profits, net incomes, and net incomes
attributable to non-controlling interests for
these two companies over the 3-year period
2012-2014? Which company has had better financial
results over this period of time?
34
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 3 Team Assignment P4-4, P18-2, P18-8
  • For more classes visit
  • www.snaptutorial.com

Presented below is summarized information for
Johnston Co., which sells merchandise on the
installment basis.
35
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 CPA Practice
  • For more classes visit
  • www.snaptutorial.com

2. 2-In Trey's December 31, 2005 Balance
Sheet, what amount should be reported as total
current assets?
36
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 Individual Assignment Full
    Disclosure Paper (2 Paper)
  • For more classes visit
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Resource Intermediate Accounting Write a
700-word paper addressing the following Answer
Question 2 in Ch. 24.
37
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 Individual WileyPLUS E5-13, E5-16,
    E23-2, E23-11, E23-12
  • For more classes visit
  • www.snaptutorial.com

Complete the following Week Four Assignment in
WileyPLUS Exercise 5-13 Exercise 5-16 Exercise
23-2
38
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 Team Assignment P5-3, CA24-2,
    P24-2, P24-3
  • For more classes visit
  • www.snaptutorial.com

Building in the process of construction. (The
company rents factory space at the present time.)
Theland on which the building is being
constructed cost 85,000, as shown in the trial
balance.
39
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 Wileyplus BE 5-12, Ex 5-13, Ex
    5-14, BE 23-1, Ex 23-14
  • For more classes visit
  • www.snaptutorial.com

Complete the following assignments in
WileyPLUS Brief Exercise 5-12 Exercise
5-13 Exercise 5-14 Brief Exercise 23-1
Exercises 23-13 Exercise 23-14
40
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 WileyPLUS E23-1, E23-4, E23-7,
    E23-11, E23-12
  • For more classes visit
  • www.snaptutorial.com

Resource WileyPLUS Complete the following Week
Four Assignment in WileyPLUS Exercise 23-1
Exercise 23-4 Exercise 23-7
41
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 4 Wileyplus
  • For more classes visit
  • www.snaptutorial.com

The major classifications of activities reported
in the statement of cash flows are operating,
investing, and financing. Classify each of the
transactions listed below as A comparative
balance sheet for Shabbona Corporation is
presented below.
42
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 5 Analyzing Amazon document
  • For more classes visit
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Thus far, Amazon has avoided purchasing large
warehouses. Instead, it has used those of others.
It is possible, however, that in order to
increase customer satisfaction.
43
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 5 CPA Practice
  • For more classes visit
  • www.snaptutorial.com

Which of the following transactions would require
the use of the present value of an annuity due
concept in order to calculate the present value
of the asset obtained or liability owed at the
date of incurrence?
44
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 5 INDIVIDUAL ASSIGNMENT STATEMENT OF
    CASH FLOWS PAPER (2 Papers)
  • For more classes visit
  • www.snaptutorial.com

Write a 700-word paper in which you address the
following Answer Question 1 in Ch. 23 of
Intermediate Accounting. Explain why statements
of cash flows are important when assessing the
financial strength of an organization.
45
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 5 Individual WileyPLUS E6-1, E6-2,
    E6-8, P6-2
  • For more classes visit
  • www.snaptutorial.com

Complete the following Week Five Assignment in
WileyPLUS Exercise 6-1 Exercise 6-2 Exercise
6-8 Problem 6-2
46
ACC 421 Help A Clearer Path to Student Success/
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  • ACC 421 Week 5 Team Assignment P6-7, P5-7, P23-7,
    P23-8
  • For more classes visit
  • www.snaptutorial.com

The comparative balance sheet and income
statement for Chapman as of May 31, 2012, are
shown on thenext page. The company is preparing
its statement of cash flows.
47
ACC 421 Help A Clearer Path to Student Success/
snaptutorial.com
  • ACC 421 Week 5 WileyPLUS E6-2, E6-5, E6-6, E6-8,
    E6-10
  • For more classes visit
  • www.snaptutorial.com

  WileyPLUS Assignment Week 5 Assignment Complete
the following Week Five Assignment in
WileyPLUS Exercise 6-2 Exercise 6-5
Exercise 6-6
48
ACC 421 Help A Clearer Path to Student Success /
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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