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For more classes visit www.snaptutorial.com 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 – PowerPoint PPT presentation

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Title: AC 501 Help Bcome Exceptional / snaptutorial.com


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AC 501 Help Bcome Exceptional / snaptutorial.com
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AC 501 Help Bcome Exceptional / snaptutorial.com
AC 501 Unit 1 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
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AC 501 Help Bcome Exceptional / snaptutorial.com
AC 501 Unit 2 Homework Assignment
E4-4 INSTRUCTIONS Prepare a classified balance
sheet in good form (No monetary amounts are
necessary) E4-9 INSTRUCTIONS Restate the current
assets and liabilities sections of the balance
sheet in accordance with good accounting
practice. (Assume that both accounts receivable
and accounts payable are recorded gross.)
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AC 501 Help Bcome Exceptional / snaptutorial.com
AC 501 Unit 3 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 at a total cost of
4,500,000. The total contract price for
construction of the facility is 6,300,000
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AC 501 Help Bcome Exceptional / snaptutorial.com
AC 501 Unit 4 Homework Assignment
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. Complete the amount of depreciation for
each years 1 through 3 using the
sum-of-the-years-digits method.
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AC 501 Help Bcome Exceptional / snaptutorial.com
AC 501 Unit 5 Homework Assignment
Exercise 12-7  Exercise 12-18  Exercise
13-8  Exercise 13-22  Exercise 15-6  Exercise
15-22
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AC 501 Help Bcome Exceptional / snaptutorial.com
AC 501 Unit 6 Homework Assignment
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 may
be taken as soon as they are earned unused sick
days accumulate. Additional information is as
follows.
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AC 501 Help Bcome Exceptional / snaptutorial.com
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