A measure of a companys solvency is the a. acid-test ratio. b. current ratio. c. times interest earned ratio. d. asset turnover ratio.
2. Allowance for Doubtful Accounts is presented as a(n) a. addition to Accounts Receivable on the balance sheet. b. operating expense on the income statement. c. deduction from Sales on the income statement.
ACC 400 Learning Team Assignment Interpreting Financial Statements Presentation
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Please answer the five following questions as your final exam. The responses should be a minimum of 300 words for each response (1,500 total word count minimum), anything less will result in a deduction of points. Post your final to the assignment link by the due date in the syllabus. Thank you.
1. What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates? Why? (300 words)
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Learning Team Assignment Interpreting Financial Statements Presentation (5 pts)
The CEO of your organization has asked your Learning Team to analyze the companies listed in Problem BYP13-4, of Financial Accounting Tools for Business Decision Making.
Resources Problem BYP13-4 (Ch. 13) of Financial Accounting Tools for Business Decision Making and Section 4.2 (Ch. 4) of Communication Skills Handbook for Accounting
What is a current asset? What is a non-current asset? What is the differencebetween the two types of assets? In which financial statement would you find theseassets?
2.What is an example of a significant accounting estimate? What is the importanceof these estimates? How do ethics play into the decision-making process? Whichfinancial statements include significant accounting estimates? Why?
Explain what a current liability is and identify the major types of current liabilities.Explain what a long term liability is and provide examples. In which financial statementwould you find these liabilities?
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Individual Assignment Assignments from the Readings
Resources Financial Accounting Tools for Business Decision Making
Prepare responses to the following assignment from the e-text
o Ch. 8 Questions 3 (1 pt) 4 (1 pt)
o Ch. 8 Exercise E8-5 (2 pts)
Resources Financial and Managerial Accounting The Basis for Business Decisions
Prepare responses to the following assignment from the e-text
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