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ACCT 550
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ACCT 550 Slingshot Academy
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 1 Homework
CA1-1 (FASB and Standard-Setting)Presented below
are four statements which you are to identify as
true or false. If false, explain why the
statement is false. 1. GAAP is the term used to
indicate the whole body of FASB authoritative
literature 2. Any company claiming compliance
with GAAP must comply with most standards and
interpretations but does not have to follow the
disclosure requirements 3. The primary
governmental body that has influence over the
FASB is the SEC.
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ACCT 550 Slingshot Academy
ACCT 550 Week 2 Homework Assignment
Chapter 4 E4-4 A) Webster Company Multiple-Step
Income statement For the Year Ended December 31,
2012 Sales 96,500 Cost of Goods Sold
63,570 Gross Profit on Sales 32,930 B) Webster
Company Single-Step Income Statement For the Year
Ended December 31, 2012 Revenue
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 3 Homework Assignment
ACCT 550 Week 3 Homework Assignment
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 4 Homework Assignment
ACCT 550 Week 4 Homework Assignment
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ACCT 550 Week 5 Homework Assignment
E8-3 Assume that in an annual audit of Webber
Inc. at December 31, 2012, you find the following
transactions near the closing date. 1.A special
machine, fabricated to order for a customer, was
finished and specifically segregated in the back
part of the shipping room on December 31, 2012.
The customer was billed on that date and the
machine excluded from inventory although it was
shipped on January 4, 2013. 2.Merchandise costing
2,800 was received on January 3, 2013, and the
related purchase invoice recorded January 5. The
invoice showed the shipment was made on December
29, 2012, f.o.b. destination.
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ACCT 550
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ACCT 550 Week 6 Homework Assignment
Chapter 10 E10-1, Chapter 10 E10-3
Chapter 10 E10-7 Chapter 10 P10-8
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 7 Course Project
ACCT 550 Week 7 Course Project
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 7 Homework Assignment
Chapter 11 / E11-4 Depreciation ComputationsFive
Methods Chapter 11 / E11-9 Composite
Depreciation Chapter 11 / E11-11
DepreciationChange in Estimate Chapter 11/
E11-17 Impairment
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 7 Homework
ACCT 550 INTERMEDIATE ACCOUNTING IHomework
Assignment - Week 7, Chapter 11Exercises from
Chapter 11E11-4E11-9E11-11E11-17
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ACCT 550
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ACCT 550 Slingshot Academy
ACCT 550 Week 8 Course Project
ACCT 550 Week 8 Course Project
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ACCT 550
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ACCT 550 Slingshot Academy
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