ACC 537 Course Success Our Tradition / tutorialrank.com

1
ACC 537 Course Real Knowledge / tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Assignment IFRS Convergence with FASB (2
Papers, 1050 words each) For
more course tutorials visit www.tutorialrank.com  
  ACC 537 Assignment IFRS Convergence with FASB
(2 Papers, 1050 words each)
3
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 1 Assignment Current Issues in
Accounting For more course
tutorials visit www.tutorialrank.com     Write a
700- to 1,050-word summary discussing the points
listed below. The summary should be structured in
a subject-by-subject format. An introduction and
a conclusion are needed. Your essay should
include the answers to the following
4
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 1 Textbook Problems- P7-1 Francis
Equipment Co For more course tutorials
visit www.tutorialrank.com     P7-1 (Determine
Proper Cash Balance) Francis Equipment Co. closes
its books regularly on December 31, but at the
end of 2014 it held its cash book open so that a
more favorable balance sheet could be prepared
for credit purposes. Cash receipts and
disbursements for
5
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 2 E8-21 LIFO Effect For more course
tutorials visit www.tutorialrank.com     E8-21
(LIFO Effect) The following example was provided
to encourage the use of the LIFO method. In a
nutshell, LIFO subtracts inflation from inventory
costs, deducts it from taxable income, and
records it in a LIFO reserve account on the books.
6
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 2 Textbook Problem P7-4 Bad-Debt
Reporting (Fortner Corporation) For more course
tutorials visit www.tutorialrank.com     P7-4
(Bad-Debt Reporting) From inception of operations
to December 31, 2014, Fortner Corporation
provided for uncollectible accounts receivable
under the allowance method. Provisions were made
monthly at 2 of credit sales, bad debts written
off were charged to the allowance account
7
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 2 Textbook Problems P10-2 Lobo
Corporation (Team Paper and Solution) For more
course tutorials visit www.tutorialrank.com     P1
0-2 (Classification of Acquisition Costs)
Selected accounts included in the property,
plant, and equipment section of Lobo
Corporationu2019s balance sheet at December 31,
2013, had the following balances. Land 300,000
8
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 3 Textbook Problem 11-4 Per
Company For more course tutorials
visit www.tutorialrank.com     ACC 537 Week 3
Textbook Problem 11-4 Per Company Truck
9
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 3 Textbook Problem P13-4 Otis Import
Company (Team Paper and Solution) For more course
tutorials visit www.tutorialrank.com     Below is
a payroll sheet for Otis Import Company for the
month of September 2014. The company is allowed a
1 unemployment compensation rate by the state
the federal unemployment tax rate is 0.8 and the
maximum for both is 7,000.
10
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 4 Assignment Leases For more course
tutorials visit www.tutorialrank.com     Write a
700- to 1,050-word summary discussing the points
listed below Identify the two recognized
lease-accounting methods for lessees and
distinguish between them. Distinguish between
minimum rental payments and minimum lease
Payments

Distinction between a
direct-financing lease and a sales-type lease
11
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 4 Textbook P13-13 (Liability Errors)
Millay Corporations (Memo and Solution) For more
course tutorials visit www.tutorialrank.com     P1
3-13 (Liability Errors) You are the independent
auditor engaged to audit Millay Corporation's
December 31, 2014, financial statements. Millay
manufactures household appliances. During the
course of your audit, you discovered the
following contingent liabilities.
12
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 4 Textbook Problem P15-4, E21-2 For
more course tutorials visit www.tutorialrank.com  
  P15-4 (Stock TransactionsLump Sum) Seles
Corporations charter authorized issuance of
100,000 shares of 10 par value common stock and
50,000 shares of 50 preferred stock. The
following transactions involving the issuance of
shares of stock were completed. Each transaction
is independent of the others.
13
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 5 Assignment Securities (630
Words) For more course tutorials
visit www.tutorialrank.com     Distinguish
between a debt security and equity security What
purpose does the variety in bond features (types
and characteristics) serve? What is meant by
"Yield to Maturity"?
14
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 5 Textbook Problem P17-7 Wildcat
Company For more course tutorials
visit www.tutorialrank.com     P17-7
(Available-for-Sale and Held-to-Maturity Debt
Securities Entries) The following information
relates to the debt securities investments of
Wildcat Company.



1. On February 1, the company
purchased 10 bonds of Gibbons Co. having a par
value of 300,000 at 100 plus accrued interest.
Interest is payable April 1 and October 1.
15
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 5 Textbook Problem P20-1
Cunningham/Harrington Company For more course
tutorials visit www.tutorialrank.com     P20-1.
On Jan 1, 2014 cunningham/Harrington company has
the following defined benefit pension plan
balances. Projected benefit obligation 4,500,000
Fair value of plan assets 4,200,000 The interest
(settlement) rate applicable to the plan is 10.
On Jan 1, 2015 the company amends its pension
agreement so that prior service .
16
ACC 537 Course Real Knowledge / tutorialrank.com
ACC 537 Week 6 CA 22-4 Analysis of Various
Accounting Changes and Errors (Solution and
Presentation) For more course tutorials
visit www.tutorialrank.com     This Tutorial
contains both Solution and Presentation CA22-4
(Analysis of Various Accounting Changes and
Errors) Katherine Irving, controller of Lotan
Corp., is aware of a pronouncement on accounting
changes. After reading the pronouncement, she is
confused about what action should be taken on the
following items related to Lotan Corp. for the
year 2014.
17
ACC 537 Course Real Knowledge / tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com