ACC 205 Education Organization / snaptutorial.com

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ACC 205 Education Organization / snaptutorial.com
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 1 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Exercises 2.        Basic computations. The
following selected balances were extracted from
the accounting records of Rossi Enterprises on
December 31, 20X3 a.         Determine Rossi's
total assets as of December 31.
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 1 Chapter 1 2 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz     1. In accounting the concept of
materiality refers to ________________.       Ques
tion 2. 2. Typically accounting transactions are
recorded and reported at _______________.
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 1 DQ 1 Accounting Equation For more
classes visit www.snaptutorial.com   As you have
learned in this weeks readings the Accounting
Equation is Owners Equity.  Is the accounting
equation true in all instances?  Provide sample
transactions from your own experiences to
demonstrate the validity of the Accounting
Equation.  
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 1 DQ 2 Accounts For more classes
visit www.snaptutorial.com   What does the term
account mean?  What are the different
classifications of accounts?  How do the rules
for Debits and Credits impact accounts?  Please
provide an example of how debits and credits
impact accounts.Guided Response 
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 1 Journal Balance Sheet Journal For
more classes visit www.snaptutorial.com   Balance
Sheet JournaThe Balance Sheet is a financial
snap shot of a company at  a particular point in
time.  The Balance Sheet lists the assets,
liabilities, and equity of the company.  Reflect
on your personal financial situation, can you
apply the concepts of the Balance Sheet?  What
did you learn from this reflection?
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 2 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Exercise 4 4. Accounting for prepaid expenses
and unearned revenues. Hawaii-Blue began business
on January 1 of the current year and offers
deep-sea fishing trips to tourists. Tourists pay
125 in advance for an all-day outing off the
coast of Maui. The company collected monies
during January for 210 outings, with 30 of the
tourists not planning to take their trips until
early February.
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 2 Chapter 3 4 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 2 Chapter 3,4 Quiz and Video
Quiz     1. The accrual basis of accounting
means_______________________.       Question 2.
2. Under accrual basis accounting revenue is not
recognized until _________________.          
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 2 Journal Income Statement
Journal For more classes visit www.snaptutorial.
com   The Income Statement measures the income
and expenses of a company over a specific period
of time.  Reflecting on your personal financial
statement for the past month, can you apply the
principles of the Income Statement?  What did you
learn from this experience?
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 3 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Chapter 5, Exercise 1 Inventory errors and
income measurement. The income statements of
Keagle Company for 20X3 and 20X4 follow.
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 3 Chapter 5 6 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 3 Chapter 5,6 Quiz and Video
Quiz     1. Gross Profit is ___________________.  
     Question 2. 2. All of the following are
considered part of inventory cost
except__________.        Question 3. 3. In a
period of rising raw material costs the inventory
cost flow assumption that will provide the firm
with the highest net income would be
_______________________.     
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 3 DQ 1 LIFO vs. FIFO For more
classes visit www.snaptutorial.com   The
controller of Sagehen Enterprises believes that
the company should switch from the LIFO method to
the FIFO method.  The controllers bonus is based
on the next income.  It is the controllers
belief that the switch in inventory methods would
increase the net income of the company. 
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 3 DQ 2 Depreciation For moreclasses
visit www.snaptutorial.com   There is a variety
of depreciation methods used to allocate the cost
of an asset to all of the accounting periods
benefited by the use of the asset.  Your client
has just purchased a piece
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 3 Journal Inventory Journal For
more classes visit www.snaptutorial.com   Reflect
for a moment on the LIFO (Last in First Out) and
FIFO (First in First Out) inventory methods. If
you were starting a small manufacturing company,
what inventory method do you believe would
provide the most accurate financial statements?
Why do you believe this is the case?
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 4 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Chapter 7 Exercise 2 and 4 2.         Accrued
liability current portion of long-term debt. On
July 1, 20X1, Hall Company borrowed 225,000 via
a long-term loan. Terms of the loan require that
Hall pay interest and 75,000 of principal on
July 1, 20X2, 20X3, and 20X4. The unpaid balance
of the loan accrues interest at the rate of 10
per year. Hall has a December 31 year-end.
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 4 Chapter 7 8 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 4 Chapter 7,8 Quiz and Video
Quiz   1. Current Liabilities are
_____________________________. (Points
1)   Question 2. 2. The Unearned Revenue account
is used to record ____________________. (Points
1)  
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 4 DQ 1 Current Liability For more
classes visit www.snaptutorial.com   What is a
current liability?  From a user of financial
statements perspective why do you believe current
liabilities are separated from long-term
liabilities?  Based on your current experience
and any additional research you may have done
provide two examples of situations where
businesses
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 4 DQ 2 Client Recommendations For
more classes visit www.snaptutorial.com   A
client comes to you thinking about starting a
consulting business.  Specifically your client is
interested in what type of entity should be
created for this new business. 
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 4 Journal Future Obligations
Journal For more classes visit www.snaptutorial.
com   The current liability section of the
balance sheet lists the liabilities that are due
within the next 12 months.  Reflecting on your
current financial situation, apply the concept
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 Assignment Student Guidance
Report For more classes visit www.snaptutorial.com
  Chapter 9 Exercise 3 Liquidity ratios. Edison,
Stagg, and Thornton have the following financial
information at the close of business on July 10
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 Chapter 9 Quiz and Video Quiz For
more classes visit www.snaptutorial.com   ACC 205
Week 5 Chapter 9 Quiz and Video Quiz     Question
1. 1. Common-size financial statements
means___________________.    Question 2. 2.
Vertical analysis of a financial statement
involves_______________.   
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 DQ 1 For more classes
visit www.snaptutorial.com       ACC 205 Week 5
DQ 1
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 DQ 2 For more classes
visit www.snaptutorial.com   ACC 205 Week 5 DQ 2
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 3 Papers Paper 1 Boeing Paper 2
General Electric Paper 3 Lowes Home
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Microsoft Paper 2
StarBucks   Final PaperFocus of the Final Paper
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Paper 1 Walmart Paper 2
Qualcomm  
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 5 Journal Most Important Ratio
Journal For more classes visit www.snaptutorial.
com     Most Important Ratio Journal Reflect for
a moment on the ratios (working capital, current
ratio, quick ratio, debt to asset, debt to
equity, times interest earned, gross margin and
net margin) presented this week.  If you were
considering investing in a company what ratio
would be the most important to you?  Formulate
and argument to defend your position.
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ACC 205 Education Organization / snaptutorial.com
ACC 205 Week 1 Chapter 1 2 Quiz and Video
Quiz For more classes visit www.snaptutorial.com  
ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz     1. In accounting the concept of
materiality refers to ________________.       Ques
tion 2. 2. Typically accounting transactions are
recorded and reported at _______________. Question
3. 3. The accounting equation is
____________________________. 
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ACC 205 Education Organization / snaptutorial.com