ACC 291Course Real Knowledge / acc291.com

1
ACC 291Course Real Knowledge / acc291.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc291.com
2
ACC 291Course Real Knowledge / acc291.com
ACC 291 Final Exam Guide (New) For more course
tutorials visit www.ACC 291.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 291Course Real Knowledge / acc291.com
ACC 291 Final Exam Guide For more course
tutorials visit www.ACC 291.com ACC 291 Final
Exam Study Guide 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-balance 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?
4
ACC 291Course Real Knowledge / acc291.com
ACC 291 Week 1 Assignment Comparative Analysis
Problem For more course tutorials visit www.ACC
291.com -Purpose of Assignment The purpose of
this assignment is to help you understand the
basics of financial statement analysis using
financial ratios on the assets section of the
balance sheet, data interpretation, and how
ratios are used to gain insight about the
management of receivable. Assignment
Steps Resources Financial Accounting Tools for
Business Decision Making Develop an 875-word
analysis providing conclusions concerning the
management of accounts receivable based on the
financial statements of Columbia Sportswear
Company presented in Appendix B and the financial
statements of VF Corporation presented in
Appendix C, including the following
5
ACC 291Course Real Knowledge / acc291.com
ACC 291 Week 2 - Fordyce and Atwater (New) For
more course tutorials visit www.ACC
291.com P10-5A Fordyce Electronics issues a
400,000, 8, 10-year mortgage note on December
31, 2007. The proceeds from the note are to be
used in financing a new research laboratory. The
terms of the note provide for semiannualinstallmen
t payments, exclusive of real estate taxes and
insurance, of 29,433. Payments are due June 30
and December 31. Complete the installment
payments schedule for the first 2 years. (Round
answers to 0 decimal places, e.g. 125. Use
rounded amounts for future calculations.)
Prepare the entries for (1) the loan and (2) the
first two instal
6
ACC 291Course Real Knowledge / acc291.com
ACC 291 Week 2 Assignment Financial Reporting
Problem, Apple Inc For more course tutorials
visit www.ACC 291.com Purpose of Assignment The
purpose of this assignment is to help you
understand the basics of financial statement
analysis related to the assets section of the
balance sheet, data interpretation, and how
financial information is obtained to understand
how a company accounts for its long-lived assets.
Assignment Steps Resources Financial
Accounting Tools for Business Decision
Making Note The financial statements of Apple,
Inc. are presented in Appendix A of Financial
Accounting. Instructions for accessing and using
the company's complete annual report, including
the notes to the financial statements, are also
provided in Appendix A.
7
ACC 291Course Real Knowledge / acc291.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc291.com