ACC290 Inspiring Innovation--snaptutorial.com

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ACC290 Inspiring Innovation--snaptutorial.com
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Final Exam Guide (New, 2018, 100
Score)  For more classes visit www.snaptutorial.co
m   Question 1 The best definition of assets is
the   collections of resources belonging to the
company and the claims on these resources. cash
owned by the company. owners investment in the
business.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet  For more classes visit www.snaptutorial.com
  Purpose of Assignment The purpose of this
assignment is to help students become familiar
with the presentation of the income statement and
the retained earnings statement, including how
parts of the financial statement is evaluated to
determine the operational success of the
business.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 Discussion Question 1  For more
classes visit www.snaptutorial.com   ACC 290 Week
One - DQ 1 What are the four basic financial
statements? What is the primary purpose of each
of the four basic financial statements? In your
opinion, which financial statemen
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 Discussion Question 2  For more
classes visit www.snaptutorial.com What are
debits and credits? How are debits and credits
used to record business transactions? Why do
accountants debit asset accounts to increase them
but credit liability accounts to increase them?
Why do accountants debit expenses to increase
them but credit revenues to increase them?
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 Individual Assignment Financial
Statements Paper  For more classes
visit www.snaptutorial.com   Individual -
Financial Statements Paper - Prepare a 700 -1,050
word paper in which you identify the four basic
financial statements. Describe the purpose of
each of the four financial statements. Discuss
how the financial statements would be useful to
internal users, such as to managers and
employees. Discuss how the financial statements
would be useful to external users, such as
investors and creditors.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 Practice Quiz  For more classes
visit www.snaptutorial.com   Question
1                Current assets are expected to
be converted to cash or consumed within the next
year or the normal operating cycle, whichever is
longer.               Current assets are economic
resources that are expected to b
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 Vocabulary Activity  For more
classes visit www.snaptutorial.com   WileyPLUS
Assignment Week 1 Vocabulary Activity Resource
WileyPLUS Complete the following Week 1
Assignment in WileyPLUS Chapter 1 WileyPLUS
Crossword Puzzle 1
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 1 WileyPlus Assignment DI1-3,
E1-3,E1-4, E2-4, IFRS2-4 For more classes
visit www.snaptutorial.com   WileyPLUS
Assignment Week 1 Assignment Resource
WileyPLUS Complete the following Week 1
Assignment in WileyPLUS DO IT! 1-3 Exercise
1-3 Exercise 1-4
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz  For more classes
visit www.snaptutorial.com   ACC 290 Chapter 1
Orion WileyPlus Build your Proficiency     Q
1.1  What is the primary purpose of the
statement of cash flows?    Q 1.2  Which
financial statement summarizes the financial
position of a company? Q 1.3  Which financial
statement provides information for a specific
point in time? Q 1.4  The   reports revenues and
expenses and resulting net income or less for a
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 Charter for Collaborative Learning
Activities For more classes visit www.snaptutorial
.com   Resources Week 2 Learning Team
Collaborative Discussion and the Learning Team
Charter for Collaborative Learning
Activities Write a 150- to 200-word individual
response to the following Consider the
multiple definitions of collaboration. Define
collaboration and how you will apply it in this
course based upon the discussion with your
Learning Team. Be sure to reference and cite your
sources. Answer the question individually.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 Discussion Question 1 For more
classes visit www.snaptutorial.com   What is the
revenue recognition principle? What is the
expense recognition principle? Why are they
important to financial reporting? What are
adjusting entries and why are they
necessary? What are accruals? Provide examples of
accruals. Why do accrua
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 Discussion Question 2 For more
classes visit www.snaptutorial.com   What
accounts are subject to adjusting journal entries
and why? How would you explain the purpose of the
adjusted trial balance?
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 E3-1 (New) For more classes
visit www.snaptutorial.com   The balance sheet
makes sure that the finances are in balance.
Below is a list of Thyme Advertising Company,
Inc. transactions. Each of these is affected
differently. Issued common stock to investors
in exchange for cash received from investors.  
Paid monthly rent.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 LT Reflection Summary (New)  For
more classes visit www.snaptutorial.com   Discuss
the objectives for ACC 290 Week Two.   What do
you think will be the most important of the
skills learned when you are in an accounting
position?   Differentiate between accrual basis
and cash basis of accounting.   Create Adjusting
Entries.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 LT Reflection Summary For more
classes visit www.snaptutorial.com   Discuss the
objectives for ACC 290 Week Two. What do you
think will be the most important of the skills
learned when you are in an accounting position?
Differentiate between accrual basis and cash
basis of accounting. Create Adjusting Entries.
Prepare an adjusted trial balance.
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 Practice Quiz  For more classes
visit www.snaptutorial.com   Question 1 Expenses
decrease retained earnings. Question 2 During
2014, Gibson Company assets decreased 50,000 and
its liabilities decreased 90,000. Its
stockholders equity Question 3 Payment of a
dividend Question 4
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 Vocabulary Activity To Purchase
This Material Click below Link For more classes
visit www.snaptutorial.com   WileyPLUS
Assignment Week 2 Vocabulary Activity   Resource
WileyPLUS   Complete the following Week 2
Assignment in WileyPLUS  
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6  For more classes visit www.snaptutorial.com
    WileyPLUS Assignment Week 2 Assignment
Resource WileyPLUS Complete the following
Week 2 Assignment in WileyPLUS BYP 2-2
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz  For more classes
visit www.snaptutorial.com     ACC 290 Week 3
Chapter 4,5 Orion WileyPlus Proficiency and
Practice Quiz ACC 290 Chapter 4 Orion WileyPlus
Build your Proficiency
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 Discussion Question 1  For more
classes visit www.snaptutorial.com   What are the
steps in completing the accounting cycle? How do
the different steps affect the financial
statements? What is the effect on the financial
statements of missing a step when completing the
accounting cycle? What are the four closing
journal entries? Why are they necessary? What are
reversing entries? Why are they used? What are
the pros and cons of using reversing entries? Why
are reversing e
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 Discussion Question 2  For more
classes visit www.snaptutorial.com   What are the
pros and cons of using reversing entries? Why are
reversing entries optional? What is the main
purpose of a financial statement worksheet and
its benefits? How has automation aided the
preparation, accuracy, and use of the financial
statement worksheet?
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 Practice Quiz For more classes
visit www.snaptutorial.com     Question 1 The
revenue recognition principle dictates that
revenue is recognized in the period in which the
cash is received. Question 2 The
generally accepted accounting principle which
dictates that revenue be recognized in the
accounting period in which the performance
obligation is satisfied is the
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 Problem 5-5A (Simon Company)  For
more classes visit www.snaptutorial.com     Purpos
e of Assignment The purpose of this assignment
is to help you become familiar with the parts of
the multiple-step income statement. Assignment
Steps Resources Financial Accounting Tools for
Business Decision Making Scenario An
inexperienced accountant prepared this condensed
income statement for Simon Company a retail firm
that has been in business for a number of
years. SIMON COMPANY
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 Vocabulary Activity  For more
classes visit www.snaptutorial.com     WileyPLUS
Assignment Week 3 Practice Quiz Resource
WileyPLUS Complete the following Week 3
Assignment in WileyPLUS Chapter 4 Practice Quiz
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A,
P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4  For
more classes visit www.snaptutorial.com     Assign
ment Week 3 Assignment Complete the following
Week 3 Assignment Brief Exercise 4-1 Problem
4-2A Problem 4-3A BYP 4-1
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Chapter 6 Orion WileyPlus
Proficiency and Practice Quiz  For more classes
visit www.snaptutorial.com  ACC 290 Chapter 6
Orion WileyPlus Build your Proficiency Q 6.1
Where is inventory reported? Q 6.2 ________ are
items that will eventually be used in
production Q 6.3 How is inventory ready for
sale classified in a manufacturing company? Q
6.4 In the perpetual inventory system, which of
the following is NOT a reason to take physical
inventory? Q 6.5 Which of the following is
NOT considered an inventory cost? Q 6.6 What
is the beginning inventory plus the cost of goods
purchased? Q 6.7 A new company purchased
three inventory items
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Discussion Question 1  For more
classes visit www.snaptutorial.com     How would
you calculate cost of goods sold? What items make
up cost of goods sold? How does beginning and
ending inventory affect cost of goods sold? What
are the journal entries a merchandising
organization would use to record the purchase and
subsequent sale of merchandise
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Discussion Question 2  For more
classes visit www.snaptutorial.com     What are
the three different inventory cost flow
assumptions commonly used in commerce today and
allowed by generally accepted accounting
principles? How does a company determine what
cost flow assumption they should use? How does
first in, first out cost flow assumption
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Evaluate The Inventory Section Of
Two companies Using Basic Comparative
Analysis  For more classes visit www.snaptutorial.
com   The purpose of this assignment is to
evaluate the inventory section of two companies
using basic comparative analysis, and to
interpret the data to gain insight about the
company's inventory management. Assignment
Steps  Resources Financial Accounting Tools for
Business Decision Making Write a 1,050-word
comparative analysis using the financial
statements of Amazon.com, Inc. presented in
Appendix D, and the financial statements for
Wal-Mart Stores, Inc., presented in Appendix E,
including the following
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Practice Quiz  For more classes
visit www.snaptutorial.com     Question 1 A
service company's operating cycle is ordinarily
shorter than that of a merchandising company. The
operating cycle of a merchandising company is
ordinarily shorter than that of a service
company. Question 2
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Vocabulary Activity  For more
classes visit www.snaptutorial.com     WileyPLUS
Assignment Week 4 Vocabulary Activity Resource
WileyPLUS Complete the following Week 4
Assignment in WileyPLUS
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4 Wileyplus Assignment P4-8A,
BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4,
PQ-1, PQ-2, PQ-3  For more classes
visit www.snaptutorial.com   Week 4
Assignment Complete the following Week 4
Assignment in Problem 4-8A Brief Exercise
5-1 Brief Exercise 5-2 BYP 5-1
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 4Evaluate The Inventory Section Of
Two companies Using Basic Comparative
Analysis  For more classes visit www.snaptutorial.
com     The purpose of this assignment is to
evaluate the inventory section of two companies
using basic comparative analysis, and to
interpret the data to gain insight about the
company's inventory management. Assignment Steps
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 5 Apply Connect Assignment (100
Correct) (with Excel File)  For more classes
visit www.snaptutorial.com   This Tutorial
contains an Excel File which can be used for any
values   ACC 290 Week 5 Apply Connect
Assignment   Note You have only 1 attempt
available to complete assignments  
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ACC290 Inspiring Innovation--snaptutorial.com
ACC 290 Week 5 Discussion Question 1  For more
classes visit www.snaptutorial.com     What is
the control environment? How does the control
environment affect a companys internal controls?
What are the negative and positive elements of a
control environment? What are two examples of
strong and weak internal controls in
organizations where you have worked or have
first-hand knowledge? How are these different?
How would you describe the key internal controls
that should b
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ACC290 Inspiring Innovation--snaptutorial.com