ACCT 551 RANK Pride In Excellence/acct551rank.com

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ACCT 551 RANK Pride In Excellence/acct551rank.com
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Course Project (Notes to Financial
Statement) (2 Project) FOR MORE CLASSES VISIT
www.acct551rank     This Tutorial contains 2
Different Course Project ACCT 551 Course
Project (Notes to Financial Statement)
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Final Exam Set 1 FOR MORE CLASSES VISIT
www.acct551rank   Question 1. (TCO C) Which
characteristic is not possessed by intangible
assets? Physical existence
Short-lived Result in future benefits
Expensed over current and/or future years
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Final Exam Set 2 FOR MORE CLASSES VISIT
www.acct551rank   Question 1. 1. (TCO C) Which
characteristic is not possessed by intangible
assets? (Points 5) Physical existence
Short-lived Result in future
benefits Expensed over current and/or
future years
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Midterm Exam Set 1 FOR MORE CLASSES
VISIT www.acct551rank   Question 1. (TCO C) The
major problem of accounting for intangibles is
determining fair market value.
separability. salvage value.
useful life.
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Midterm Exam Set 2 FOR MORE CLASSES
VISIT www.acct551rank   Question 1. (TCO C) The
major problem of accounting for intangibles is
determining Question 2. Question (TCO C)
Wriglee, Inc. went to court this year and
successfully defended its patent from
infringement by a competitor. The cost of this
defense should be charged to
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 1 Discussion BE12-2, BE12-3,
BE12-7, BE12-6, BE 12-12, Ex 12-15 FOR MORE
CLASSES VISIT www.acct551rank   BE12-2 makes us
learn that if any legal cost is incurred to
defend an intangible assets it should be added
to the book value of intangible asset and
depreciated over its remaining useful life. Book
Value is determined by subtracting amortization
till the date of incurring legal cost from the
purchase price.
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 1 Homework E12-5, E12-16 FOR MORE
CLASSES VISIT www.acct551rank   E12-5 (Correct
Intangible Assets Account) As the recently
appointed auditor for William J. Bryan
Corporation, you have been asked to examine
selected accounts before the 6-month financial
statements of June 30, 2014, are prepared. The
controller for William J. Bryan Corporation
mentions that only one account is kept for
intangible assets. The account is shown below.
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 2 Homework E13-11, E13-12, P13-9
FOR MORE CLASSES VISIT www.acct551rank   E13-11
(Warranties) Sheryl Crow Equipment Company sold
500 Rollomatics during 2014 at 6,000 each.
During 2014, Crow spent 20,000 servicing the
2-year warranties that accompany the Rollomatic.
All applicable transactions are on a cash basis.
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 3 Homework P14-5, P14-6, P14-7 FOR
MORE CLASSES VISIT www.acct551rank   P14-5
(Comprehensive Bond Problem) In each of the
following independent cases the company closes
its books on December 31. P14-6 (Issuance of
Bonds between Interest Dates, Straight-Line,
Redemption) Presented below are
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 4 Homework E15-2, E15-5, E15-6 FOR
MORE CLASSES VISIT www.acct551rank   EXERCISE
15-2 Facts Kathleen Battle Corporation was
organized on January 1, 2014. It is authorized to
issue 10,000 shares of 8, 100 par value
preferred stock, and 500,000 shares of no-par
common stock with a stated value of 1 per share.
The following transactions were completed during
the first year. Prepare entries to record the
transactions.
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 5 Homework E15-15, E15-16 FOR MORE
CLASSES VISIT www.acct551rank   E15-15 (Dividend
Entries) The following data were taken from the
balance sheet accounts of Masefield Corporation
on December 31, 2013. (a) A 5 stock dividend is
declared and distributed at a time when the
market price per share is 39. (b) The par value
of the common stock is reduced to 2 with a
5-for-1 stock split.
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 6 Homework E16-6, E16-7, E16-12,
E16-22 FOR MORE CLASSES VISIT www.acct551rank  
E16-6 (Conversion of Bonds) On January 1,
2014, Gottlieb Corporation issued 4,000,000 of
10-year, 8 convertible debentures at 102.
Interest is to be paid semiannually on June 30
and December 31. Each 1,000 debenture can be
converted into eight shares of Gottlieb
Corporation 100 par value common stock after
December 31, 2015. E16-7 (Issuance of Bonds with
Warrants)
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ACCT 551 RANK Pride In Excellence/acct551rank.com
ACCT 551 Week 7 Homework E17-7, E17-9, E17-15
FOR MORE CLASSES VISIT www.acct551rank   E17-7
(Trading Securities Entries) On December 21,
2013, Bucky Katt Company provided you with the
following information regarding its trading
securities. E17-9 (Available-for-Sale
Securities Entries and Financial Statement
Presentation) At December 31, 2013, the
available-for-sale equity portfolio for Steffi
Graf, Inc. is as follows.
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ACCT 551 RANK Pride In Excellence/acct551rank.com