Title: ACCT 551 Education on your terms-snaptutorial.com
1ACCT 551 Education on your terms-snaptutorial.com
2ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Course Project (Notes to Financial
Statement) (2 Project) For more classes
visit www.snaptutorial.com This Tutorial
contains 2 Different Course Project ACCT 551
Course Project (Notes to Financial Statement)
3ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Final Exam Set 1 For more classes
visit www.snaptutorial.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
4ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Final Exam Set 2 For more classes
visit www.snaptutorial.com Question 1. 1.
(TCO C) Which characteristic is not possessed by
intangible assets? (Points 5) Physical
existence Short-lived Result in
future benefits
5ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Midterm Exam Set 1 For more classes
visit www.snaptutorial.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
6ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Midterm Exam Set 2 For more classes
visit www.snaptutorial.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
7ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 1 Discussion BE12-2, BE12-3,
BE12-7, BE12-6, BE 12-12, Ex 12-15 For more
classes visit www.snaptutorial.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
8ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 1 Homework E12-5, E12-16 For more
classes visit www.snaptutorial.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.
9ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 2 Homework E13-11, E13-12,
P13-9 For more classes visit www.snaptutorial.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.
10ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 3 Homework P14-5, P14-6, P14-7 For
more classes visit www.snaptutorial.com P14-5
(Comprehensive Bond Problem) In each of the
following independent cases the company closes
its books on December 31.
11ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 4 Homework E15-2, E15-5, E15-6 For
more classes visit www.snaptutorial.com P14-5
(Comprehensive Bond Problem) In each of the
following independent cases the company closes
its books on December 31.
12ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 5 Homework E15-15, E15-16 For
more classes visit www.snaptutorial.com P14-5
(Comprehensive Bond Problem) In each of the
following independent cases the company closes
its books on December 31.
13ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 6 Homework E16-6, E16-7, E16-12,
E16-22 For more classes visit www.snaptutorial.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. E16-7 (Issuance of Bonds with
Warrants)
14ACCT 551 Education on your terms-snaptutorial.com
ACCT 551 Week 7 Homework E17-7, E17-9, E17-15 For
more classes visit www.snaptutorial.com E17-7
(Trading Securities Entries) On December 21,
2013, Bucky Katt Company provided you with the
following information regarding its trading
securities.
15ACCT 551 Education on your terms-snaptutorial.com