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FOR MORE CLASSES VISIT www.acc306aid.com P 12–13 - Miller Properties - Equity method ● LO5 LO6 On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. – PowerPoint PPT presentation

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Title: ACC 306 help Become Exceptional / acc306aid.com


1
ACC 306 help Become Exceptional / acc306aid.com
For More Tutorials
www.acc306aid.com
2
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Entire Course (New)
  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
    P12-7,P12-10, P12-14, P13-6 (Ash Course)
  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
    P12-7,P12-10, P12-14, P13-6
  • ACC 306 Week 1 Quiz
  • ACC 306 Week 1 DQ 1 Equity Method
  • ACC 306 Week 1 DQ 1 Accounting Pronouncements
  • ACC 306 Week 1 DQ 2 Judgment Case 13-9
  • ACC 306 Week 2 Quiz
  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
    P12-7,P12-10, P12-14, P13-6 (Ash Course)

3
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 1 DQ 1 Accounting Pronouncements
  • ACC 306 Week 1 DQ 1 Equity Method (Ash Course)
  • Accounting Pronouncements. The Financial
    Accounting Standards Board has issued accounting
    pronouncements that affect how accounting
    transactions should be treated. These
    pronouncements may affect all companies or just
    specific industries
  • 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.

4
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 1 DQ 2 Judgment Case 13-9 (Ash
    Course)
  • ACC 306 Week 1 Quiz
  • 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.
  • Question 1  Which of the following may create
    employer liabilities in connection with their
    payrolls?
  • Question 2  Current liabilities are normally
    recorded at the amount expected to be paid rather
    than at their present value. This practice can be
    supported by GAAP according to the concept of
  • Question 3  The investment category for which
    the investor's "positive intent and ability to
    hold" is important is

5
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 2 Assignment E 14-16, E 14-18, E
    15-25, P14-21, P15-3
  • ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt
    Manufacturing Debt for equity swaps
  • ACC 306 Week 2 Assignment E 14-16, E 14-18, E
    15-25, P14-21, P15-3
  • 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.

6
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 2 DQ 2 Ethics Case 15-4 Leasehold
    Improvements
  • ACC 306 Week 2 Quiz
  • 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.
  • Question 1  The method used to pay interest
    depends on whether the bonds are
  • Question 2  Bond X and bond Y are both issued by
    the same company. Each of the bonds has a
    maturity value of 100,000 and each matures in 10
    years. Bond X pays 8 interest while bond Y pays
    9 interest. The current market rate of interest
    is 8. Which of the following is correct?

7
ACC 306 help Become Exceptional / acc306aid.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)
  • ACC 306 Week 3 Ethics Case 17-6 401(k) plan
    contributions
  • 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)
  • 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.

8
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 3 Integrating Case 16-5 accounting
    changes and error correction
  • ACC 306 Week 3 Quiz
  • 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.
  • Question 1  If a company's deferred tax asset is
    not reduced by a valuation allowance, the company
    believes it is more likely than not that
  • Question 2  Which of the following statements
    typifies defined contribution plans?
  • Question 3  The annual pension expense for what
    type of pension plan(s) is recorded by a journal
    entry that includes a debit to pension

9
ACC 306 help Become Exceptional / acc306aid.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)
  • ACC 306 Week 4 Communication Case 18-10 (Ash
    Course)
  • 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)
  • 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.

10
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 4 Ethics Case 19-7 International
    Network Solutions
  • ACC 306 Week 4 Quiz
  • 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.
  • Question 1  Which of the following will require
    a recalculation of weighted-average shares
    outstanding for all years presented?
  • Question 2  Which of the following statements is
    true when dividends are not declared or paid on
    cumulative preferred stock?
  • Question 3  When treasury shares are sold at a
    price above cost

11
ACC 306 help Become Exceptional / acc306aid.com
  • ACC 306 Week 5 Analysis Case 20-10 (Ash Course)
  • ACC 306 Week 5 Ethics Case 20-5 Softening the blow
  • 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 for
    its office building.
  • 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.

12
ACC 306 help Become Exceptional / acc306aid.com
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