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For more classes visit www.snaptutorial.com ACC 537 Assignment IFRS Convergence with FASB (2 Papers, 1050 words each) – PowerPoint PPT presentation

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Title: ACC 537 course Marvelous Learning/snaptutorial.com


1
ACC 537 course Marvelous Learning/snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Assignment IFRS Convergence with FASB (2
Papers, 1050 words each) For more classes
visit www.snaptutorial.com   ACC 537 Assignment
IFRS Convergence with FASB (2 Papers, 1050 words
each)  
3
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 1 Assignment Current Issues in
Accounting For more classes visit www.snaptutori
al.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 Marvelous Learning/snaptutorial.com
ACC 537 Week 1 Textbook Problems- P7-1Francis
Equipment Co For more classes
visit www.snaptutorial.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
5
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 2 E8-21 LIFO Effect For more
classes visit www.snaptutorial.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
6
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 2 Textbook Problem P7-4 Bad-Debt
Reporting (Fortner Corporation) For more
classes visit www.snaptutorial.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
7
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 2 Textbook Problems P10-2 Lobo
Corporation (Team Paper and Solution) For more
classes visit www.snaptutorial.com   P10-2
(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 Marvelous Learning/snaptutorial.com
ACC 537 Week 3 Textbook Problem 11-4 Per Company
For more classes visit www.snaptutorial.com   ACC
537 Week 3 Textbook Problem 11-4 Per Company
Truck    
9
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 3 Textbook Problem P13-4 Otis Import
Company (Team Paper and Solution) For more
classes visit www.snaptutorial.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
10
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 4 Assignment Leases For more
classes visit www.snaptutorial.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.
11
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 4 Textbook P13-13 (Liability Errors)
Millay Corporations (Memo and Solution) For
more classes visit www.snaptutorial.com   P13-13
(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 Marvelous Learning/snaptutorial.com
ACC 537 Week 4 Textbook Problem P15-4, E21-2
For more classes visit www.snaptutorial.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
13
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 5 Assignment Securities (630 Words)
For more classes visit www.snaptutorial.com   Dis
tinguish between a debt security and equity
security What purpose does the variety in bond
features (types and characteristics) serve?
14
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 5 Textbook Problem P17-7 Wildcat
Company For more classes visit www.snaptutorial.
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
15
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 5 Textbook Problem P20-1
Cunningham/Harrington Company For more classes
visit www.snaptutorial.com   P20-1. On Jan 1,
2014cunningham/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
16
ACC 537 course Marvelous Learning/snaptutorial.com
ACC 537 Week 6 CA22-4 Analysis of Various
Accounting Changes and Errors (Solution and
Presentation) For more classes
visit www.snaptutorial.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
17
ACC 537 course Marvelous Learning/snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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