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For more course tutorials visit www.tutorialrank.com Question 1 An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a – PowerPoint PPT presentation

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Title: ACC 291 course Marvelous Learning/tutorialrank.com


1
ACC 291 course Marvelous Learning/
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Final Exam Guide (New)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Question 1 An aging of a company's accounts
    receivable indicates that 4,500 are estimated to
    be uncollectible. If Allowance for Doubtful
    Accounts has a 1,200 credit balance, the
    adjustment to record bad debts for the period
    will require a
  • Question 2 The financial statements of the Melton
    Manufacturing Company reports net sales of
    300,000 and accounts receivable of 50,000 and
    30,000 at the beginning of the year and end of
    year, respectively. What is the average
    collection period for accounts receivable in days?

3
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Final Exam Guide (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • 1)Hahn Company uses the percentage of sales
    method for recording bad debts expense. For the
    year, cash sales are 300,000 and credit sales
    are 1,200,000. Management estimates that 1 is
    the sales percentage to use. What adjusting entry
    will Hahn Company make to record the bad debts
    expense?
  • 2) Using the percentage of receivables method
    for recording bad debts expense, estimated
    uncollectible accounts are 15,000. If the
    balance of the Allowance for Doubtful Accounts is
    3,000 credit before adjustment, what is the
    amount of bad debts expense for that period?
  • 3) Intangible assets

4
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Final Exam Guide
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Question 207
  • On January 1, a machine with a useful life of
    five years and a residual value of 40,000 was
    purchased for 120,000. What is the depreciation
    expense for year 2 under the double-declining-bala
    nce method of depreciation?
  • IFRS Multiple Choice Question 01
  • As a recent graduate of State University you're
    aware that IFRS requires component depreciation
    for plant assets. A friend has asked you to
    succinctly explain what component depreciation
    means. Which of the following correctly describes
    component depreciation?

5
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 1 Discussion Question 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • How would you describe the entries to record the
    disposition of accounts receivables?
  • What is their function?

6
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 1 Discussion Question 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • How are bad debts accounted for under the direct
    write-off method?
  • What are the disadvantages of this method?

7
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11,
    BYP8-1, and BYP8-2 (New)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel
  • Exercise 8-4 Wainwright Company
  • Exercise 8-11 Fedex Corporation
  • Broadening your Perspective 8-1 Tootsie Roll
  • Broadening your Perspective 8-2 Tootsie Roll and
    Hershey

8
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 2 Discussion Question 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • What are the differences among valuation,
    depreciation, amortization, and depletion?
  • Is it appropriate to calculate depreciation using
    two different methods? Why?
  • What does the Annual Report you are using for
    class say about depreciation?

9
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 2 Discussion Question 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • What types of industries have unearned revenue?
  • Why is unearned revenue considered a liability?
  • When is the unearned revenue recognized in the
    financial statements?
  • What does your Annual Report say about unearned
    revenue?

10
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 2 Individual Wiley PLUS Assignment
    Week Two (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the followingWileyPLUS Week Two
    Exercises and Problem
  • Exercise E8-3
  • Exercise BE9-13
  • Exercise Do It! 9-4
  • Exercise E9-9
  • Exercise E9-10

11
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 2 Individual WileyPLUS PracticeCh
    8,9,10 Quiz (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the WileyPLUS Week Two Practice Quizzes
    for chapters 8, 9, and 10. Submit your results
    through the Gradebook ASSIGNMENTS. Screen prints
    or shots are acceptable on a WORD document.

12
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 2 Learning Team Weekly Reflection
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Discuss the objectives for Weeks One and Two.
    Your discussion should include the topics you
    feel comfortable with, any topics you struggled
    with, and how the weekly topics relate to
    application in your field.
  • Write a 350- to 1,050-word summary of the teams
    discussion.

13
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 2 Wileyplus Assignment P8-3A,
    BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A (New)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A.
  •  
  • Problem 8-3A Bosworth Company
  • Brief Exercise 9-11 Nike, Inc.
  • Do It! 9-5
  • Exercise 9-7 Wang, Co.
  • Exercise 9-8 Cleand Company
  • Broadening Your Perspective 9-1 Tootsie Roll

14
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 3 Discussion Question 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Why does a company choose to form as a
    corporation?
  • What are the steps required to become a
    corporation?
  • What are the advantages and disadvantages of the
    corporate form of doing business?

15
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 3 Discussion Question 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Why is preferred stock referred to as preferred?
  • What are some of the features added to preferred
    stock that make it more attractive to investors?
  • Would you select preferred stock or common stock
    as an investment? Why?
  • Provide stock details from your Annual Report.

16
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 3 Individual WileyPLUS Assignment
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the followingWileyPLUS Week Three
    Exercises and Problems
  • Exercise E9-7
  • Exercise E10-5
  • Exercise E10-10
  • Exercise E10-11
  • Exercise E10-15
  • Exercise E10-18

17
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 3 Individual WileyPLUS Practice Quiz
    Ch. 11,12 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the WileyPLUS Week Three Practice
    Quizzes for chapters 11 and 12.

18
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 3 Learning Team Weekly Reflection
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Discuss the objectives for Week Three. Your
    discussion should include the topics you feel
    comfortable with, any topics you struggled with,
    and how the weekly topics relate to application
    in your field.
  • Write a 350- to 1,050-word summary of the teams
    discussion.

19
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5,
    E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A,
    P10-13A, IFRS10-4 (New)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24,
    BYP10, P10-9A, P10-13A, IFRS10-4.
  • Exercise 10-5 Olinger Company
  • Exercise 10-8 Ortega Company
  • Exercise 10-13 Romine Company
  • Exercise 10-22 Cole Corporation
  • Exercise 10-24 Nance, Co.
  • Broadening Your Perspective 10-1 Tootsie Roll

20
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 4 Discussion Question 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Why are companies required to prepare a statement
    of cash flows?
  • Why is the statement of cash flows divided into
    three sections?
  • What does each section tell you about the
    operations of a company?
  • What are the differences between the direct and
    indirect presentation of cash flows?
  • Why does the Financial Accounting Standards Board
    allow both methods? Which do you prefer? Why?

21
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 4 Discussion Question 2 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • What are some common ratios used to analyze
    financial information? Which are the most
    important?
  • What are some examples of how ratios are used in
    the decision making process?
  • Two popular methods of financial statement
    analysis are horizontal analysis and vertical
    analysis. What are the differences between these
    two methods?

22
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 4 Individual WileyPLUS Assignment
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the following WileyPLUS Week Four
    Exercises and Problems
  • Exercise Do It! 11-1
  • Exercise E11-15
  • Exercise E11-16
  • Problem P11-6A
  • Problem P11-8A

23
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 4 IndividualWileyPLUS Practice (UOP
    Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the WileyPLUS Week Four Practice Quizzes
    for chapters 13 and 14

24
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 4 Learning Team Weekly Reflection
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Discuss the objectives for Week Four. Your
    discussion should include the topics you feel
    comfortable with, any topics you struggled with,
    and how the weekly topics relate to application
    in your field.
  • Write a 350- to 1,050-word summary of the teams
    discussion.

25
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 4 Wileyplus Assignment Do It! 11-1,
    E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A
    (New)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2,
    P11-5A, P11-8A.
  • Do It! 11-1
  • Exercise 11-5 Garcia Corporation
  • Exercise 11-7 Pele Company
  • Broadening Your Perspective 11-1 Tootsie Roll
  • Broadening Your Perspective 11-2 Tootsie Roll
    Hershey

26
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 5 Discussion Question 1 (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Why do corporations buy back their own stock?
  • What does it tell you about the corporation?
  • What effect does the purchase have on the price
    of a companys stock?
  • Does your Annual Report discuss stock repurchase
    or balances of treasury stock?

27
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 5 Individual Effect of Unethical
    Behavior Article Analysis (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Write a 350- to 700-word article analysis in
    which you identify situations that might lead to
    unethical practices and behavior in accounting.
  • Examine the effect of the Sarbanes-Oxley Act of
    2002 on financial statements.
  • Cite one article from the Electronic Reserve
    Readings, the Internet, or other resources.
  • Formatyour paper consistent with APA guidelines.

28
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 5 Individual WileyPLUSAssignment
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceWileyPLUS
  • Complete the following Week Five
    WileyPLUSExercises and Problems
  • Exercise E13-1
  • Exercise E13-8
  • Exercise E14-1
  • Problem P13-9A
  • Problem P13-10A

29
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 5 Learning Team Ratio Analysis Memo
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • ResourceVirtual Organizations
  • Click the Virtual Organization link on the
    student website to access the Virtual
    Organizations.
  • Select one of the Virtual Organizations as the
    basis for the assignment.
  • Obtain faculty approval of your selected
    organization before beginning the assignment.
  • Access the information contained in your selected
    organizations balance sheet and income statement
    to calculate the following
  • Liquidity ratios

30
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 5 Learning Team Weekly Reflection
    (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • Discuss the objectives for Week Five. Your
    discussion should include the topics you feel
    comfortable with, any topics you struggled with,
    and how the weekly topics relate to application
    in your field.

31
ACC 291 course Marvelous Learning/
tutorialrank.com
  • ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1,
    E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1,
    P13-2A (New)
  • For more course tutorials visit
  • www.tutorialrank.com
  •  
  • E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3,
    E13-4, IFRS13-1, P13-2A.
  • Exercise 7-3
  • Exercise 12-1
  • Exercise 12-8
  • Problem 12-9A
  • Problem 12-10A
  • Exercise 13-3

32
ACC 291 course Marvelous Learning/
tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
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