ACCT 551 Course Seek Your Dream/tutorilarank.com

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ACCT 551 Course Seek Your Dream / tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Course Project (Notes to Financial
Statement) (2 Project) For more course tutorials
visit www.tutorialrank.com ACCT 551 Course
Project (Notes to Financial Statement) (2 Project)
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Final Exam Set 1 For more course
tutorials visit www.tutorialrank.com Question
1. (TCO C) Which characteristic is not possessed
by intangible assets? Physical
existence Short-lived Result in
future benefits Expensed over current
and/or future years Question 2. (TCO C) Which
intangible assets are amortized?
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Final Exam Set 2 For more course
tutorials visit www.tutorialrank.com Question
1. 1. (TCO C) Which characteristic is not
possessed by intangible assets? (Points 5)
Physical existence Short-lived
Result in future benefits Expensed over
current and/or future years
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Midterm Exam Set 1 For more course
tutorials visit www.tutorialrank.com Question
1. (TCO C) The major problem of accounting for
intangibles is determining fair market
value. separability. salvage
value.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Midterm Exam Set 2 For more course
tutorials visit www.tutorialrank.com Question
1. (TCO C) The major problem of accounting for
intangibles is determining Question 2. Question
(TCO C) Wriglee, Inc. went to court this year
and successfully defended its patent from
infringement by a competitor. The cost of this
defense should be charged to Question 3.
Question (TCO C) A loss on impairment of an
intangible asset is the difference between the
assets
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 1 Discussion BE12-2, BE12-3,
BE12-7, BE12-6, BE 12-12, Ex 12-15 For more
course tutorials visit www.tutorialrank.com
BE12-2 makes us learn that if any legal cost is
incurred to defend an intangible assets it
should be added to the book value of intangible
asset and depreciated over its remaining useful
life. Book Value is determined by subtracting
amortization till the date of incurring legal
cost from the purchase price.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 1 Homework E12-5, E12-16 For more
course tutorials visit www.tutorialrank.com
E12-5 (Correct Intangible Assets Account) As the
recently appointed auditor for William J. Bryan
Corporation, you have been asked to examine
selected accounts before the 6-month financial
statements of June 30, 2014, are prepared. The
controller for William J. Bryan Corporation
mentions that only one account is kept for
intangible assets. The account is shown below.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 2 Homework E13-11, E13-12,
P13-9 For more course tutorials
visit www.tutorialrank.com E13-11 (Warranties)
Sheryl Crow Equipment Company sold 500
Rollomatics during 2014 at 6,000 each. During
2014, Crow spent 20,000 servicing the 2-year
warranties that accompany the Rollomatic. All
applicable transactions are on a cash basis.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 3 Homework P14-5, P14-6, P14-7 For
more course tutorials visit www.tutorialrank.com
P14-5 (Comprehensive Bond Problem) In each of
the following independent cases the company
closes its books on December 31. P14-6 (Issuance
of Bonds between Interest Dates, Straight-Line,
Redemption) Presented below are
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 4 Homework E15-2, E15-5, E15-6 For
more course tutorials visit www.tutorialrank.com
EXERCISE 15-2 Facts Kathleen Battle
Corporation was organized on January 1, 2014. It
is authorized to issue 10,000 shares of 8, 100
par value preferred stock, and 500,000 shares of
no-par common stock with a stated value of 1 per
share. The following transactions were completed
during the first year. Prepare entries to record
the transactions.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 5 Homework E15-15, E15-16 For more
course tutorials visit www.tutorialrank.com
E15-15 (Dividend Entries) The following data
were taken from the balance sheet accounts of
Masefield Corporation on December 31, 2013. (a)
A 5 stock dividend is declared and distributed
at a time when the market price per share is
39. (b) The par value of the common stock is
reduced to 2 with a 5-for-1 stock split.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 6 Homework E16-6, E16-7, E16-12,
E16-22 For more course tutorials
visit www.tutorialrank.com E16-6 (Conversion
of Bonds) On January 1, 2014, Gottlieb
Corporation issued 4,000,000 of 10-year, 8
convertible debentures at 102. Interest is to be
paid semiannually on June 30 and December 31.
Each 1,000 debenture can be converted into eight
shares of Gottlieb Corporation 100 par value
common stock after December 31, 2015.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
ACCT 551 Week 7 Homework E17-7, E17-9, E17-15 For
more course tutorials visit www.tutorialrank.com
E17-7 (Trading Securities Entries) On December
21, 2013, Bucky Katt Company provided you with
the following information regarding its trading
securities. E17-9 (Available-for-Sale Securities
Entries and Financial Statement Presentation) At
December 31, 2013, the available-for-sale equity
portfolio for Steffi Graf, Inc. is as follows.
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ACCT 551 Course Seek Your Dream / tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com