ACC 422 NERD Logical Brains/acc422nerd.com

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ACC 422 NERD Logical Brains/acc422nerd.com
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ACC 422 NERD Logical Brains
ACC 422 Entire Course FOR MORE CLASSES
VISIT www.acc422nerd.com   ACC 422 Week 1 DQ 1
ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3 ACC
422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers)
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ACC 422 NERD Logical Brains
ACC 422 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.acc422nerd.com   1. Kraft Enterprises
owns the following assets at December 31, 2012.
Cash in banksavings account 67,516 Checking
account balance 26,445 Cash on hand 9,478 Postdate
d checks 753 Cash refund due from IRS 40,324
Certificates of deposit (180-day) 94,754 What
amount should be reported as cash? Question 2
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ACC 422 NERD Logical Brains
ACC 422 Final Exam Guide 2 FOR MORE CLASSES
VISIT www.acc422nerd.com   1) Which of the
following is NOT considered cash for financial
reporting purposes??2) What is the preferable
presentation of accounts receivable from
officers, employees, or affiliated companies on a
balance sheet??3) Which of the following is
considered cash?
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ACC 422 NERD Logical Brains
ACC 422 Final Exam Guide 3 FOR MORE CLASSES
VISIT www.acc422nerd.com   SET 3 1) Which of the
following is NOT considered cash for financial
reporting purposes? 2) What is the preferable
presentation of accounts receivable from
officers, employees, or affiliated companies on a
balance sheet? 3) Which of the following items
should NOT
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ACC 422 NERD Logical Brains
ACC 422 Final Exam Guide All 3 Sets FOR MORE
CLASSES VISIT www.acc422nerd.com   Details of All
180 Questions Given Below SET 1 1. Kraft
Enterprises owns the following assets at December
31, 2012. Cash in banksavings account 67,516 Chec
king account balance 26,445 Cash on
hand 9,478 Postdated checks 753 Cash refund due
from IRS
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ACC 422 NERD Logical Brains
ACC 422 Week 1 CPA Practice Exam FOR MORE
CLASSES VISIT www.acc422nerd.com   1. What amount
should Herc report as inventory in its December
31, 2005, balance sheet? 2. What dollar-value
LIFO inventory cost would be reported in Cobb's
December 31, 2006, balance sheet? 3. Garson Co.
recorded goods in transit purchased FOB
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ACC 422 NERD Logical Brains
ACC 422 Week 1 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com   Consider how an
organization must manage cash, receivables, and
inventory. Which of the three variables is the
most important to manage? Is one more susceptible
to fraud and errors than the others? Explain your
answer. How would a misstatement in each affect
the organization?
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ACC 422 NERD Logical Brains
ACC 422 Week 1 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com   What is the perpetual
method of tracking inventory? How does it differ
from the periodic method of tracking
inventory? Why would a company choose one method
over the other method? Which is the best method?
Why?  
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ACC 422 NERD Logical Brains
ACC 422 Week 1 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com   What are the different
ways to estimate bad debt? How does this affect
net income? What does Generally Accepted
Accounting Principles (GAAP) require? Why? Should
all companies have bad debt? Explain your answer.
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ACC 422 NERD Logical Brains
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper FOR MORE CLASSES
VISIT www.acc422nerd.com   Resource Internet   Se
lect a publicly held company to use as the basis
for this assignment.
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ACC 422 NERD Logical Brains
ACC 422 Week 1 Individual WileyPlus Assignment
(Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3,
8-13) FOR MORE CLASSES VISIT www.acc422nerd.com
  Complete the following Week 1 Assignment in
WileyPLUS Exercise 7-2 Exercise 7-4
Exercise 7-8 Exercise 7-9 Exercise 7-13
Exercise 7-16 Exercise 8-3 Exercise 8-13
Take a screenshot of your completed work, and
Click the Assignment Files tab to submit your
screenshot.
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ACC 422 NERD Logical Brains
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.) FOR MORE CLASSES
VISIT www.acc422nerd.com   Each team is assigned
a publically traded company that they will use to
answer the questions in the Financial Scavenger
Hunt assigned each week. Team A Nordstrom Inc.
Team B Macy's Inc. Locate your assigned
company's latest audited financial statements and
post them on the assignment tab.
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ACC 422 NERD Logical Brains
ACC 422 Week 2 CPA Practice Exam FOR MORE
CLASSES VISIT www.acc422nerd.com   1. On June 18,
2005, Dell Printing Co. incurred the following
costs for one of its printing presses 2. The
overhaul resulted in a significant increase in
production. Neither the attachment nor the
overhaul increased the estimated useful life of
the press. What amount of the above costs should
be capitalized?
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ACC 422 NERD Logical Brains
ACC 422 Week 2 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com   Under what
circumstances would a company need to estimate
its inventory? What are the differences between
using the gross profit method and retail
inventory method for estimating inventory? Which
method of estimation, gross profit or retail
inventory, is best? Explain your answer.
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ACC 422 NERD Logical Brains
ACC 422 Week 2 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com     What are the
criteria for capitalization of fixed assets? What
items are included in the cost of a fixed
asset? Should interest be included in the cost of
a fixed asset? Explain why or why not.  
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ACC 422 NERD Logical Brains
ACC 422 Week 2 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com     How do we account
for the disposition of fixed assets? What are the
differences in how the exchanges of assets are
handled, pending on whether they are similar or
dissimilar?
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ACC 422 NERD Logical Brains
ACC 422 Week 2 Individual WileyPlus Assignment
(Exercise 9-3, 9-12, 9-19, 10-2, 10-23, 10-24)
FOR MORE CLASSES VISIT www.acc422nerd.com   Compl
ete the following Week Two Assignment in
WileyPLUS Exercise 9-3 Exercise 9-12
Exercise 9-19 Exercise 10-2 Exercise 10-23
Exercise 10-24 Take a screenshot of your
completed work, and Click the Assignment Files
tab to submit your screenshot.
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ACC 422 NERD Logical Brains
ACC 422 Week 2 Team Assignment Textbook Problems
(P7-1, P7-2, P8-4) FOR MORE CLASSES
VISIT www.acc422nerd.com   Prepare written
responses to the following assignments from Ch. 7
8 of Intermediate Accounting Problem 7-1
Problem 7-2 Problem 8-4 Click the Assignment
Files tab to submit your assignment.
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ACC 422 NERD Logical Brains
ACC 422 Week 3 CPA Practice Exam FOR MORE
CLASSES VISIT www.acc422nerd.com   1. Alta Co.
spent 400,000 during the current year developing
a new idea for a product that was patented during
the year. The legal cost of applying for a patent
license was 40,000. Also, 50,000 was spent to
successfully defend the rights of the patent
against a competitor.
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ACC 422 NERD Logical Brains
ACC 422 Week 3 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com     What is the purpose
of depreciation? Does the book value of a fixed
asset (cost minus accumulated depreciation)
communicate to a user what the asset is worth?
Explain why or why not. Should the financial
statements reflect the value of fixed assets?
Explain why or why not.
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ACC 422 NERD Logical Brains
ACC 422 Week 3 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com     What are the
different methods used to calculate
depreciation? How does a company decide which
method it should utilize? How does its choice
affect the financial statements?
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ACC 422 NERD Logical Brains
ACC 422 Week 3 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com     What is an
intangible asset? Should all intangible assets be
subject to amortization? Explain why or why
not. Why are some intangible assets not
amortized? What is the implication to the
financial statements?  
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ACC 422 NERD Logical Brains
ACC 422 Week 3 Individual WileyPlus Assignment
Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8,
12-17 FOR MORE CLASSES VISIT www.acc422nerd.com
  Complete the following Week Three Assignment in
WileyPLUS Exercise 11-6 Exercise 11-9
Exercise 11-21 Exercise 12-1 Exercise 12-6
Exercise 12-8 Exercise 12-17 Take a
screenshot of your completed work, and Click the
Assignment Files tab to submit your screenshot.
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ACC 422 NERD Logical Brains
ACC 422 Week 3 Team Assignment Textbook Problems
(P9-2, P9-4, P10-3, P10-4) FOR MORE CLASSES
VISIT www.acc422nerd.com   Prepare written
responses to the following assignments from Ch. 9
10 of Intermediate Accounting Problem 9-2
Problem 9-4 Problem 10-3 Problem 10-4 Click the
Assignment Files tab to submit your assignment.
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ACC 422 NERD Logical Brains
ACC 422 Week 4 CPA Practice Exam FOR MORE
CLASSES VISIT www.acc422nerd.com   1. On
September 30, World Co. borrowed 1,000,000 on a
9 note payable. World paid the first of four
quarterly payments of 264,200 when due on
December 30. In its December 31, balance sheet,
what amount should World report as note payable?
2. Gain contingencies are usually
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ACC 422 NERD Logical Brains
ACC 422 Week 4 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com     What are the
criteria for classifying an item as a current
liability? What are some examples of current
liabilities? Why is it important to classify a
portion of long-term debt on a yearly basis as a
current liability? What is the implication of
misclassifying a liability as current or
long-term?
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ACC 422 NERD Logical Brains
ACC 422 Week 4 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com     What is a
contingency? Why are contingencies important to
users of financial statements? What are the
criteria for recording contingencies? Should
companies record a liability for threatened
litigation? Explain why or why not.
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ACC 422 NERD Logical Brains
ACC 422 Week 4 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com       What is a bond?
What are some features of a bond? How do you
value bonds? What factors can affect that value?
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ACC 422 NERD Logical Brains
ACC 422 Week 4 Individual Wileyplus Assignment
Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4,
14-13 FOR MORE CLASSES VISIT www.acc422nerd.com
  Resource WileyPLUS Complete the following Week
Four Assignment in WileyPLUS Exercise 13-1
Exercise 13-3 Exercise 13-5 Exercise 13-8
Exercise 13-11 Exercise 14-4 Exercise 14-13
Take a screenshot of your completed work, and
Click the Assignment Files tab to submit your
screenshot.
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ACC 422 NERD Logical Brains
ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 FOR MORE CLASSES
VISIT www.acc422nerd.com   Review the financial
statements, including any notes and supplemental
information, and answer the following questions.
Indicate where you found the answer to the
questions. If calculations are required, show
your work. Fixed Assets and Intangibles 1. How
are plant and equipment recorded?
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ACC 422 NERD Logical Brains
ACC 422 Week 4 Team Assignment Textbook Problems
(P11-1, P12-1) FOR MORE CLASSES
VISIT www.acc422nerd.com   Prepare written
responses to the following assignments from Ch.
11 12 of Intermediate Accounting Problem
11-1 Problem 12-1 Click the Assignment Files
tab to submit your assignment.
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ACC 422 NERD Logical Brains
ACC 422 Week 5 DQ 1 FOR MORE CLASSES
VISIT www.acc422nerd.com     What are the
differences between a direct-financing and a
sales-type lease for a lessor? Why would a lessor
provide direct-financing to a lessee? What types
of organizations provide direct-financing leases?
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ACC 422 NERD Logical Brains
ACC 422 Week 5 DQ 2 FOR MORE CLASSES
VISIT www.acc422nerd.com     What are the
criteria for classifying a lease as operating or
capital? Why is there a difference between the
two? What are the implications of an operating
lease versus a capital lease on an entitys
financial statements?
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ACC 422 NERD Logical Brains
ACC 422 Week 5 DQ 3 FOR MORE CLASSES
VISIT www.acc422nerd.com     What is residual
value? What is the implication to the lessee if
the residual value is guaranteed or
unguaranteed? What is the implication to the
lessor?  
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ACC 422 NERD Logical Brains
ACC 422 Week 5 DQ 4 FOR MORE CLASSES
VISIT www.acc422nerd.com   Week 5 DQ 4 What are
the advantages of operating and capital leases?
What are the disadvantages? Why would a company
pick one over the other?
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ACC 422 NERD Logical Brains
  ACC 422 Week 5 Individual WileyPlus Assignment
Exercise 21-2, 21-4, 21-8 (Essay), 21-8, 21-13
FOR MORE CLASSES VISIT www.acc422nerd.com   Compl
ete the following Week Five Assignment in
WileyPLUS Exercise 21-2 Exercise 21-4
Exercise 21-8 (Essay) Exercise 21-8
Exercise 21-13 Take a screenshot of your
completed work, and Click the Assignment Files
tab to submit your screenshot.
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ACC 422 NERD Logical Brains
ACC 422 Week 5 Team Assignment Textbook Problems
(P13-10,P14-2, P21-3) FOR MORE CLASSES
VISIT www.acc422nerd.com   Prepare written
responses to the following assignments from Ch.
13,14 21 of Intermediate Accounting Problem
13-10 Problem 14-2 Problem 21-3 Click the
Assignment Files tab to submit your assignment.
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ACC 422 NERD Logical Brains/acc422nerd.com