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• AC 501 Unit 1 Homework Assignment

• AC 501 Unit 2 Homework Assignment

• E2-7 (Assumptions, Principles, and Constraints)
  Presented below are the assumptions, principles,
  and constraints used in this chapter.
• Economic entity assumption 5.Historical-cost
  principle 9. Materiality
• Going-concern assumption 6.Matching principle 10.
  Industry practices

• 1) Some of the ratios do NOT have sufficient data
  to compute a ratio.
• In those ratios, simply type "Insufficient
  data to Compute".
• The objective is to provide you an
  opportunity to employ critical thinking.
• You need to be able to discern whether or not
  all elements are preset

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• AC 501 Unit 3 Homework Assignment

• AC 501 Unit 4 Homework Assignment

• Exercise 7-5 (Recognition of Profit for Long-Term
  Contracts) Andre Agassi Construction Company
  began operations January 1, 2008. During the
  year, Andre Agassi Construction entered into a
  contract with Lindsey Davenport Corp. to
  construct a manufacturing facility. At that time,
  Agassi estimated that it would take 5 years to
  complete the facility

• E10-12 (Depreciation Computations-SL, SYD, DDB)
  Montoni Company purchases equipment on January 1,
  year 1, at a cost of 469,000. The asset is
  expected to have a service life of 12 years and a
  salvage value of 40,000.
• Instructions
• Complete the amount of depreciation for each
  years 1 through 3 using the straight-line
  depreciation method.

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AC 501 Slingshot Academy / snaptutorial.com

• AC 501 Unit 5 Homework Assignment

• AC 501 Unit 6 Homework Assignment

• Exercise 12-7
•  Exercise 12-18
•  Exercise 13-8
•  Exercise 13-22
•  Exercise 15-6
• Exercise 15-22

• E16-1 (Compensated Absences) Zero Mostel Company
  began operations on January 2, 2008. It employs 9
  individuals who work 8-hour days and are paid
  hourly. Each employee earns 10 paid vacation days
  and 6 paid sick days annually. Vacation days may
  be taken after January 15 of the year following
  the year in which they are earned. Sick days

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