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ACC 306Course Real Knowledge / acc306 dotcom

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For more course tutorials visit www.acc306.com CC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ACC 306 Week 1 DQ 1 Equity Method ACC 306 Week 1 DQ 2 Judgment Case 13-9 ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing ACC 306 Week 2 DQ 2 Ethics Case 15-4 ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ACC 306 Week 3 Ethics Case 17-6 ACC 306 Week 3 Integrating Case 16-5 ACC 306 Week 4 Communication Case 18-10 – PowerPoint PPT presentation

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Title: ACC 306Course Real Knowledge / acc306 dotcom


1
ACC 306Course Real Knowledge / acc306.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc306.com
2
ACC 306Course Real Knowledge / acc306.com
ACC 306 Entire Course (Ash Course) For more
course tutorials visit www.acc306.com CC 306 Week
1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10,
P12-14, P13-6ACC 306 Week 1 DQ 1 Equity
MethodACC 306 Week 1 DQ 2 Judgment Case 13-9ACC
306 Week 2 DQ 1 Ethics Case 14-8 Hunt
ManufacturingACC 306 Week 2 DQ 2 Ethics Case
15-4ACC 306 Week 3 Assignment E 16-24, E 16-25,
E 17-10, E 17-19, P 16-7, P 17-16ACC 306 Week 3
Ethics Case 17-6ACC 306 Week 3 Integrating Case
16-5ACC 306 Week 4 Communication Case 18-10ACC
306 Week 4 Ethics Case 19-7
3
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
P12-7,P12-10, P12-14, P13-6 (Ash Course) For more
course tutorials visit www.acc306.com ACC 306
Week 1 Assignment E13-21, E13-22, P12-1,
P12-7,P12-10, P12-14, P13-6
4
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 1 DQ 1 Equity Method (Ash
Course) For more course tutorials
visit www.acc306.com P 1213 - Miller Properties
- Equity method ? LO5 LO6 On January 2, 2011,
Miller Properties paid 19 million for 1 million
shares of Marlon Companys 6 million outstanding
common shares. Millers CEO became a member of
Marlons board of directors during the first
quarter of 2011. The carrying amount of Marlons
net assets was 66 million. Miller estimated the
fair value of those net as- sets to be the same
except for a patent valued at 24 million above
cost. The remaining amortization period for the
patent is 10 years.
5
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 1 DQ 2 Judgment Case 13-9 (Ash
Course) For more course tutorials
visit www.acc306.com ACC 306 Week 1 DQ2 Judgment
Case 13-9 Judgment Case 139 - Valleck
Corporation - Loss contingency and full
disclosure ? LO5 LO6 In the March 2012 meeting of
Valleck Corporations board of directors, a
question arose as to the way a possible
obligation should be disclosed in the forthcoming
financial statements for the year ended December
31. A veteran board member brought to the meeting
a draft of a disclosure note that had been
prepared by the controllers office for inclusion
in the annual report. Here is the note
6
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt
Manufacturing (Ash Course) For more course
tutorials visit www.acc306.com Ethics Case 148 -
Hunt Manufacturing - Debt for equity swaps have
your cake and eat it too ? LO5 The cloudy
afternoon mirrored the mood of the conference of
division managers. Claude Meyer, assistant to the
controller for Hunt Manufacturing, wore one of
the gloomy faces that were just emerging from the
conference room. Wow, I knew it was bad, but not
that bad, Claude thought to himself. I dont
look forward to sharing those numbers with
shareholders.
7
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 2 DQ 2 Ethics Case 15-4 (Ash
Course) For more course tutorials
visit www.acc306.com Ethics Case 154 - American
Movieplex - Leasehold improvements ? LO3 American
Movieplex, a large movie theater chain, leases
most of its theater facilities. In conjunction
with recent operating leases, the company spent
28 million for seats and carpeting. The question
being discussed over break- fast on Wednesday
morning was the length of the depreciation period
for these leasehold improvements. The com- pany
controller, Sarah Keene, was surprised by the
suggestion of Larry Person, her new assistant.
8
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 3 Assignment E 16-24, E 16-25, E
17-10, E 17-19, P 16-7, P 17-16 (Ash Course) For
more course tutorials visit www.acc306.com ACC
306 Week 3 Assignment E 16-24, E 16-25, E 17-10,
E 17-19, P 16-7, P 17-16
9
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 3 Ethics Case 17-6 (Ash Course) For
more course tutorials visit www.acc306.com Ethics
Case 176 - VXI International - 401(k) plan
contributions ? LO1 You are in your third year as
internal auditor with VXI International,
manufacturer of parts and supplies for jet air-
craft. VXI began a defined contribution pension
plan three years ago. The plan is a so-called
401(k) plan (named after the Tax Code section
that specifies the conditions for the favorable
tax treatment of these plans) that permits
voluntary contributions by employees. Employees
contributions are matched with one dollar of
employer contribution for ev
10
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 3 Integrating Case 16-5 (Ash
Course) For more course tutorials
visit www.acc306.com Integrating Case 165 -
Williams-Santana, Inc. - Tax effects of
accounting changes and error correction six
situations ? LO1 LO2 LO8 Williams-Santana, Inc.
is a manufacturer of high-tech industrial parts
that was started in 1997 by two talented
engineers with little business training. In 2011,
the company was acquired by one of its major
customers. As part of an internal audit, the
following facts were discovered. The audit
occurred during 2011 before any adjusting entries
or closing entries were prepared. The income tax
rate is 40 for all years. a. A five-year
casualty insurance policy was purchased at the
beginning of 2009 for 35,000. The full amount
was debited to insurance expense at the time.
11
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 4 Assignment E 18-18, E 18-24, E
19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash
Course) For more course tutorials
visit www.acc306.com ACC 306 Week 4 Assignment E
18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24,
P 18-5
12
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 4 Communication Case 18-10 (Ash
Course) For more course tutorials
visit www.acc306.com Communication Case 1810
Should the present two-category distinction
between liabilities and equity be retained? Group
interaction. ? LO1 The current conceptual
distinction between liabilities and equity
defines liabilities independently of assets and
equity, with equity defined as a residual amount.
The present proliferation of financial
instruments that combine features of both debt
and equity and the difficulty of drawing a
distinction have led many to conclude that the
present two-category distinction between
liabilities and equity should be eliminated. Two
opposing viewpoints are View 1 The distinction
sh
13
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 4 Ethics Case 19-7 (Ash Course) For
more course tutorials visit www.acc306.com Ethics
Case 197 International Network Solutions ?
LO6 International Network Solutions provides
products and services related to remote access
networking. The company has grown rapidly during
its first 10 years of operations. As its segment
of the industry has begun to mature, though, the
fast growth of previous years has begun to slow.
In fact, this year revenues and profits are
roughly the same as last year. One morning, nine
weeks before t
14
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 5 Analysis Case 20-10 (Ash
Course) For more course tutorials
visit www.acc306.com Analysis Case 2010 - DRS
Corporation - Various changes ? LO1 through
LO4 DRS Corporation changed the way it
depreciates its computers from the
sum-of-the-years-digits method to the
straight-line method beginning January 1, 2011.
DRS also changed its estimated residual value
used in computing depreciation f
15
ACC 306Course Real Knowledge / acc306.com
ACC 306 Week 5 Ethics Case 20-5 (Ash Course) For
more course tutorials visit www.acc306.com Ethics
Case 205 Softening the blow ? LO1 LO2 LO3 Late
one Thursday afternoon, Joy Martin, a veteran
audit manager with a regional CPA firm, was
reviewing documents for a long-time client of the
firm, AMT Transport. The year-end audit was
scheduled to begin Monday. For three months, the
economy had been in a down cycle and the
transportation industry was particularly hard
hit. As a result, Joy ex
16
ACC 306Course Real Knowledge / acc306.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc306.com
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