ACC 422 NERD Marvelous Learning / acc422nerd.com

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ACC 422 NERD Marvelous Learning / acc422nerd.com
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ACC 422 NERD Marvelous Learning
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
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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 40,324 Certificates of deposit
(180-day) 94,754 What amount should be reported
as cash?
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ACC 422 NERD Marvelous Learning
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 Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper FOR MORE CLASSES
VISIT www.acc422nerd.com Resource
Internet Select a publicly held company to use as
the basis for this assignment. Research your
selected company and acquire the companys most
recent financial statements using the Internet.
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ACC 422 NERD Marvelous Learning
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.
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ACC 422 NERD Marvelous Learning
ACC 422 Week 1 Wileyplus BE 7-1, BE 7-7, Ex 7-4,
Ex 7-9, Ex 7-22, Ex 7-24, CA 7-2, Pr 7-4 (with
Excel File) FOR MORE CLASSES VISIT www.acc422ner
d.com This Tutorial contains Excel File which
can be used to solve for any values Complete the
following assignments in WileyPLUS Brief
Exercise 7-1
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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 Marvelous Learning
ACC 422 Week 2 Wileyplus Ex 8-2, Ex 8-9, Ex 8-12,
Ex 9-2, Ex 9-7, Ex 9-17, Ex 9-18, Ex 9-20, Ex
9-22 (with Excel File) FOR MORE CLASSES
VISIT www.acc422nerd.com This Tutorial contains
Excel File which can be used to solve for any
values Complete the following assignments i
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ACC 422 NERD Marvelous Learning
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.
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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.
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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 Marvelous Learning
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. I
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
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?
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ACC 422 NERD Marvelous Learning
ACC 422 Week 5 Learning Team Problem
Presentation FOR MORE CLASSES
VISIT www.acc422nerd.com Collaborate as a team
to provide written responses to a
facilitator-assigned problem. Prepare a 5- to
10-minute oral presentation accompanied by a 7-
to 9-slide Microsoft PowerPoint presentation
illustrating your teams solution to the assigned
problem.
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ACC 422 NERD Marvelous Learning / acc422nerd.com