ACC 290 (New) Experience Tradition/newtonhelp.com

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ACC 290 (New) Experience Tradition/newtonhelp.com

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For more course tutorials visit www.newtonhelp.com Question 1 The best definition of assets is the collections of resources belonging to the company and the claims on these resources. – PowerPoint PPT presentation

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Title: ACC 290 (New) Experience Tradition/newtonhelp.com

1
ACC 290 (New) Experience Tradition/newtonhelp.Com
2

ACC 290 Final Exam Guide (New, 2018, 100 Score)
For more course tutorials visit
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Question 1
The best definition of assets is the
collections of resources belonging to the company
and the claims on these resources.
cash owned by the company.
owners investment in the business.
resources belonging to a company that have future
benefit to the company.

ACC 290 Week 1 Apply Connect Assignment (100
Correct) (With Excel File)
For more course tutorials visit
www.newtonhelp.com
1
On July 1, Tommy Wrigley established Wrigley Home
Appraisal Services, a firm that provides expert
residential appraisals and represents clients in
home appraisal hearings.
TRANSACTIONS
The owner invested 100,000 in cash to begin the
business.

ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet
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1Purpose of Assignment
The purpose of this assignment is to help
students become familiar with the presentation of
the income statement and the retained earnings
statement, including how parts of the financial
statement is evaluated to determine the
operational success of the business.
Assignment Steps
Resources Financial Accounting Tools for
Business Decision Making p. 36

ACC 290 Week 1 Discussion Question 1
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ACC 290 Week One - DQ 1
What are the four basic financial statements?
What is the primary purpose of each of the four
basic financial statements? In your opinion,
which financial statement is the most important?
Explain why. How would the financial statements
be useful to managers and employees? How would
the financial statements be useful to investors
and creditors?

ACC 290 Week 1 Discussion Question 2
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What are debits and credits? How are debits and
credits used to record business transactions? Why
do accountants debit asset accounts

ACC 290 Week 1 Individual Assignment Financial
Statements Paper
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Individual - Financial Statements Paper - Prepare
a 700 -1,050 word paper in which you identify the
four basic financial statements. Describe the
purpose of each of the four financial statements.
Discuss how the financial statements would be
useful to internal users, such as to managers and
employees. Discuss how the financial statements
would be

ACC 290 Week 1 Practice Connect Practice
Assignment
For more course tutorials visit
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ACC 290 Week 1 Practice Connect Practice
Assignment
Complete the Week 1 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments
1

ACC 290 Week 1 Vocabulary Activity (New)
For more course tutorials visit
www.newtonhelp.com
WileyPLUS Assignment Week 1 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS
Chapter 1 WileyPLUS Crossword Puzzle 1

ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New)
For more course tutorials visit
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WileyPLUS Assignment Week 1 Assignment
Resource WileyPLUS
Complete the following Week 1 Assignment in
WileyPLUS
DO IT! 1-3
Exercise 1-3
Exercise 1-4

ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz
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ACC 290 Chapter 1 Orion WileyPlus Build your
Proficiency
Q 1.1 What is the primary purpose of the
statement of cash flows?
Q 1.2 Which financial statement summarizes the
financial position of a company?
Q 1.3 Which financial statement

ACC 290 Week 2 Discussion Question 1
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What is the revenue recognition principle? What
is the expense recognition principle? Why are
they important to financial reporting?
What are adjusting entries and why are they
necessary?

ACC 290 Week 2 Discussion Question 2
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What accounts are subject to adjusting journal
entries and why?
How would you explain the purpose of the adjusted
trial balance?

ACC 290 Week 2 E3-1 (New)
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The balance sheet makes sure that the finances
are in balance. Below is a list of Thyme
Advertising Company, Inc. transactions. Each of
these is affected differently.
Issued common stock to investors in exchange for
cash received from investors.
Paid monthly rent.
Received cash from customers when service was
performed.

ACC 290 Week 2 LT Reflection Summary (New)
For more course tutorials visit
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Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position?
Differentiate between accrual basis and cash
basis of accounting.
Create Adjusting Entries.
Prepare an adjusted trial balance.

ACC 290 Week 2 Practice Connect Practice
Assignment
For more course tutorials visit
www.newtonhelp.com
ACC 290 Week 2 Practice Connect Practice
Assignment
Complete the Week 2 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments
1
The following T accounts show transactions that
were recorded by Residential Relocators

ACC 290 Week 2 Practice Quiz (New)
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Question 1
Expenses decrease retained earnings.
Question 2
During 2014, Gibson Company assets decreased
50,000 and its liabilities decreased 90,000.
Its stockholders equity
Question 3
Payment of a dividend
Question 4
An account is a part of the financial information
system and is described by all except which one
of the following?

ACC 290 Week 2 Vocabulary Activity (New)
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WileyPLUS Assignment Week 2 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 2 Assignment in
WileyPLUS
Chapter 2 Wiley PLUS Crossword Puzzle 1

ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New)
For more course tutorials visit
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WileyPLUS Assignment Week 2 Assignment
Resource WileyPLUS
Complete the following Week 2 Assignment in
WileyPLUS
BYP 2-2
IFRS 2-6
Exercise 3-4

ACC 290 Week 3/4 Learning Team Financial
Reporting Problem, Part 1 (2 Different
Papers)(New)
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Financial Reporting Problem Part I
Browse the Internet to acquire a copy of the most
recent annual report for a publicly traded
company. Analyze the information contained in the
companys balance sheet and income statement to
answer the following questions
What are the companys total assets at the end of
its most recent annual reporting period? Why
is this important?

ACC 290 Week 3 Apply Connect Assignment (with
Excel File)
For more course tutorials visit
www.newtonhelp.com
This Tutorial contains an Excel File which can be
used for any values
ACC 290 Week 3 Apply Connect Assignment
Complete the Week 3 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments
1
On October 1, 2019, Helen Kennedy opened an
advertising agency.
DATE

ACC 290 Week 3 Apply Connect Assignment
For more course tutorials visit
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ACC 290 Week 3 Apply Connect Assignment
Complete the Week 3 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments
1
On October 1, 2019, Helen Kennedy opened an
advertising agency.
DATE
TRANSACTIONS

ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz
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ACC 290 Chapter 4 Orion WileyPlus Build your
Proficiency
Q 4.1 Which of the following
statements about accrual-basis accounting is NOT
true?
Q 4.2 If a company spends 12
million dollars for a warehouse, when should the
cost be written off?
Q 4.3 If an expense has been used or consumed
but a bill has not been received at the end of
the accounting period, which of the following is
needed?
Q 4.4 Which of the following is true

ACC 290 Week 3 Discussion Question 1
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What are the steps in completing the accounting
cycle? How do the different steps affect the
financial statements? What is the effect on the
financial statements of missing a step when
completing the accounting cycle? What are the
four closing journal entries? Why are they
necessary? What are reversing entries? Why are
they used? What are the pros and cons

ACC 290 Week 3 Discussion Question 2
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What are the pros and cons of using reversing
entries? Why are reversing entries optional? What
is the main purpose of a financial statement
worksheet and its benefits? How has automation
aided the preparation, accuracy, and use of the
financial statement worksheet?

ACC 290 Week 3 LT Reflection Summary
For more course tutorials visit
www.newtonhelp.com
Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position? Differentiate between accrual basis
and cash basis of accounting. Create Adjusting
Entries. Prepare an adjusted trial balance.
Write a 350 to 500 word summary of your Learning
Teams discussion.

ACC 290 Week 3 Practice Connect Practice
Assignment
For more course tutorials visit
www.newtonhelp.com
ACC 290 Week 3 Practice Connect Practice
Assignment
Complete the Week3 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments
1
On October 1, 2019, Helen Kennedy opened an
advertising agency.
DATE TRANSACTIONS
Oct. 1 Helen Kennedy invested 70,000

ACC 290 Week 3 Practice Quiz (New)
For more course tutorials visit
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Question 1
The revenue recognition principle dictates that
revenue is recognized in the period in which the
cash is received.
Question 2
The generally accepted accounting principle which
dictates that revenue be recognized in the
accounting period in which the performance
obligation is satisfied is the
Question 3

ACC 290 Week 3 Problem 5-5A (Simon Company)
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Purpose of Assignment
The purpose of this assignment is to help you
become familiar with the parts of the
multiple-step income statement.
Assignment Steps
Resources Financial Accounting Tools for
Business Decision Making
Scenario An inexperienced accountant

ACC 290 Week 3 Vocabulary Activity (New)
For more course tutorials visit
www.newtonhelp.com
WileyPLUS Assignment Week 3 Practice Quiz
Resource WileyPLUS
Complete the following Week 3 Assignment in
WileyPLUS
Chapter 4 Practice Quiz

ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 (New)
For more course tutorials visit
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Assignment Week 3 Assignment
Complete the following Week 3 Assignment
Brief Exercise 4-1
Problem 4-2A
Problem 4-3A
BYP 4-1
IFRS Practice Question 1
IFRS Practice Question 2
IFRS Practice Question 3

ACC 290 Week 4/5 Individual Assignment Financial
Reporting Problem Part II (2 Different
Papers)(New)
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Financial Reporting Problem Part II
Access the internet to acquire a copy of the most
recent annual report for the public traded
company used to complete the Financial Reporting
Problem, Part 1 assignment due in ACC 290 Week
Four. Analyze the information contained in the
companys balance sheet and income statement to
answer the following questions
Are the assets included under the companys
current assets listed in the proper order?
Explain your answer.
How are the companys assets classified?

ACC 290 Week 4 Apply Connect Assignment (100
Correct) (With Excel File)
For more course tutorials visit
www.newtonhelp.com
This Tutorial contains an Excel File which can be
used for any values
ACC 290 Week 4 Apply Connect Assignment
Note You have only 1 attempt available to
complete assignments
There are 2 Questions in this Tutorial (details
given below, our excel sheet can be used for any
values)
Question 1

ACC 290 Week 4 Apply Connect Assignment
For more course tutorials visit
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ACC 290 Week 4 Apply Connect Assignment
Complete the Week 4 Assignment in Connect.
Note You have only 1 attempt available to
complete assignments
1
Paula Judge owns Judge Creative Designs. The
trial balance of the firm for January 31, 2019,
the first month of operations, is shown below.
End-of-the-month adjustments must account for the
following items

ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz
For more course tutorials visit
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ACC 290 Chapter 6 Orion WileyPlus Build your
Proficiency
Q 6.1 Where is inventory reported?
Q 6.2 ________ are items that will
eventually be used in production
Q 6.3 How is inventory ready for sale classified
in a manufacturing company?
Q 6.4 In the perpetual inventory system, which
of the following is NOT a reason to take physical
inventory?
Q 6.5 Which of the following is NOT considered
an inventory cost?
Q 6.6 What is the beginning inventory plus the
cost of goods purchased?
Q 6.7 A new company purchased three inventory

ACC 290 Week 4 Discussion Question 1
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How would you calculate cost of goods sold? What
items make up cost of goods sold? How does
beginning and ending inventory affect cost of
goods sold? What are the journal entries a
merchandising organization would use to record
the purchase and subsequent sale of merchandise?
How would these transactions differ with a
periodic versus a perpetual

ACC 290 Week 4 Discussion Question 2
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What are the three different inventory cost flow
assumptions commonly used in commerce today and
allowed by generally accepted accounting
principles? How does a company determine what
cost flow assumption they should use? How does
first in

ACC 290 Week 4 LT Reflection Summary
For more course tutorials visit
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Reflection and Financial Reporting Problem Part
I.
Discuss the objectives for ACC 290 Week Three.
How do they relate to the practice of accounting
and its uses in business? Prepare closing
entries, reversing entries, and a post closing
trial balance. Prepare a financial statement
work sheet

ACC 290 Week 4 Practice Connect Practice
Assignment
For more course tutorials visit
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ACC 290 Week 4 Practice Connect Practice
Assignment
Complete the Week 4 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments.
attempt 1
1
On June 1, 2019, Cain Company, a new firm, paid
8,400 rent in advance for a seven-month period.
The 8,400 was debited to thePrepaid

ACC 290 Week 4 Practice Quiz (New)
For more course tutorials visit
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Question 1
A service company's operating cycle is
ordinarily shorter than that of a merchandising
company.
The operating cycle of a merchandising company is
ordinarily shorter than that of a service
company.
Question 2
Due to the turnover time

ACC 290 Week 4 Vocabulary Activity (New)
For more course tutorials visit
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WileyPLUS Assignment Week 4 Vocabulary Activity
Resource WileyPLUS
Complete the following Week 4 Assignment in
WileyPLUS
Chapter 5 Crossword Puzzle 1

ACC 290 Week 4 Wileyplus Assignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
PQ-1, PQ-2, PQ-3 (New)
For more course tutorials visit
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Week 4 Assignment
Complete the following Week 4 Assignment in
Problem 4-8A
Brief Exercise 5-1
Brief Exercise 5-2
BYP 5-1
BYP 5-2
IFRS 5-2
IFRS 5-4

ACC 290 Week 4Evaluate The Inventory Section Of
Two companies Using Basic Comparative Analysis
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The purpose of this assignment is to evaluate the
inventory section of two companies using basic
comparative analysis, and to interpret the data
to gain insight about the company's inventory
management.
Assignment Steps
Resources Financial

ACC 290 Week 5 Apply Connect Assignment (100
Correct) (with Excel File)
For more course tutorials visit
www.newtonhelp.com
This Tutorial contains an Excel File which can be
used for any values
ACC 290 Week 5 Apply Connect Assignment
Note You have only 1 attempt available to
complete assignments
There are 3 Questions in this Tutorial (details
given below, our excel sheet can be used for any
values)

ACC 290 Week 5 Apply Connect Assignment
For more course tutorials visit
www.newtonhelp.com
1
On December 31, after adjustments, Gonzalez
Companys ledger contains the following account
balances
101 Cash 30,200 Dr.
111 Accounts Receivable 16,100 Dr.
121 Supplies 2,300 Dr.
131 Prepaid Rent 38,900 Dr.
141 Equipment 47,000 Dr.
142 Accumulated DepreciationEquip. 1,150 Cr.
202 Accounts Payable 6,800 Cr.
301 Emilio Gonzalez, Capital (12/1/2019

ACC 290 Week 5 Discussion Question 1
For more course tutorials visit
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What is the control environment? How does the
control environment affect a companys internal
controls? What are the negative and positive
elements of a control environment? What are two
examples of strong and weak internal controls in
organizations where you have worked or have
first-hand knowledge? How are these different?
How would you describe the key internal controls
that should be in place to protect cash in a cash
rich environment such

ACC 290 Week 5 IFRS Paper (New)
For more course tutorials visit
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IFRS 2-1 In what ways does the format of a
statement of financial of position under IFRS
often differ from a balance sheet presented under
GAAP?
IFRS 2-2 Do the IFRS and GAAP conceptual
frameworks differ in terms of the objective of
financial reporting? Explain.
IFRS 2-3 What terms commonly used under IFRS are
synonymous with common stock and balance sheet?
IFRS 3-1 Describe some of the

ACC 290 Week 5 Learning Team Reflection Summary
(New)
For more course tutorials visit
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Reflection and Financial Reporting Problem Part
II.
Discuss the objectives for ACC 290 Week Four. In
the wake of accounting scandals over the past
several years, how has the Sarbanes-Oxley Act
(SOX) of 2002 affected the practice of
accounting? What is the role of internal controls
in complying with SOX (2002)? Write a 350 to 500
word summary of your Learning Teams discussion.

ACC 290 Week 5 Practice Connect Practice
Assignment
For more course tutorials visit
www.newtonhelp.com
ACC 290 Week 5 Practice Connect Practice
Assignment
Complete the Week 5 Practice in Connect.
Note You have unlimited attempts available to
complete practice assignments.
attempt 1
1
Consumer Research Associates, owned by Gloria
Johnson, is retained by large companies to test
consumer reaction to new products. On January 31,
2019, the firms worksheet showed the following
adjustments data (a) supplies used, 4,680 (b)
expired rent, 26,000 and (c) depreciation on
office equipment, 9,160. The balances of the
revenue and expense accounts listed in the Income
Statement section of the worksheet and the

ACC 290 Week 5 Preparing Comprehensive Bank
Reconciliation (Daisey Company)
For more course tutorials visit
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Purpose of Assignment
Reconciling bank accounts is a good way to help
maintain internal controls over cash. With time
lags and posting errors it is easy for cash
transactions to be omitted, recorded in a
different accounting period, or reflect incorrect
amounts. This assignment with give you practical
experience in reconciling the cash balance as
noted on the company books to the bank's records.
Assignment Steps
Resources Financial

ACC 290 Week 5 WileyPlus Assignment BE6-5, BE6-7,
BYP6-1, BYP6-2, BE7-4, BE7-6, IFRS PQ-1, PFRS
PQ-2(New)
For more course tutorials visit
www.newtonhelp.com
Assignment Week 5 Assignment
Complete the following Week 5 Assignment
IFRS Practice Question 1
IFRS Practice Question 2
Brief Exercise 6-5
Brief Exercise 6-7
BYP 6-1
BYP 6-2
Brief Exercise 7-4
Brief Exercise 7-6

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ACC 290 (New) Experience Tradition/newtonhelp.Com

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