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ACCT 551 RANK Successful Learning /
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• ACCT 551 Course Project (Notes to Financial
  Statement) (2 Project)
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•  
• This Tutorial contains 2 Different Course Project
• ACCT 551 Course Project (Notes to Financial
  Statement)

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• ACCT 551 Final Exam Set 1
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• Question 1. (TCO C) Which characteristic is not
  possessed by intangible assets?
• Physical existence
• Short-lived
• Result in future benefits

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• ACCT 551 Final Exam Set 2
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• 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 Midterm Exam Set 1
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• 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 Midterm Exam Set 2
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• 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 Week 1 Discussion BE12-2, BE12-3,
BE12-7, BE12-6, BE 12-12, Ex 12-15 FOR MORE
CLASSES VISIT www.acct551rank.com 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
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ACCT 551 Week 1 Homework E12-5, E12-16 FOR MORE
CLASSES VISIT www.acct551rank.com 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
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ACCT 551 Week 2 Homework E13-11, E13-12,
P13-9 FOR MORE CLASSES VISIT www.acct551rank.com
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
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• ACCT 551 Week 3 Homework P14-5, P14-6, P14-7
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• 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 Week 4 Homework E15-2, E15-5, E15-6 FOR
MORE CLASSES VISIT www.acct551rank.com 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
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• ACCT 551 Week 5 Homework E15-15, E15-16
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• E15-15 (Dividend Entries) The following data were
  taken from the balance sheet accounts of
  Masefield Corporation on December 31, 2013.

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ACCT 551 Week 6 Homework E16-6, E16-7, E16-12,
E16-22 FOR MORE CLASSES VISIT
www.acct551rank.com 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
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• ACCT 551 Week 7 Homework E17-7, E17-9, E17-15
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• E17-7 (Trading Securities Entries) On December
  21, 2013, Bucky Katt Company provided you with
  the following information regarding its trading
  securities.

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