ACC 306 Become Exceptional/ newtonhelp.com - PowerPoint PPT Presentation

About This Presentation
Title:

ACC 306 Become Exceptional/ newtonhelp.com

Description:

For more course tutorials visit www.newtonhelp.com ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ACC 306 Week 1 Quiz ACC 306 Week 1 DQ 1 Equity Method ACC 306 Week 1 DQ 1 Accounting Pronouncements ACC 306 Week 1 DQ 2 Judgment Case 13-9 ACC 306 Week 2 Quiz ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing Debt for equity swaps – PowerPoint PPT presentation

Number of Views:12
Slides: 31
Provided by: rock843

less

Transcript and Presenter's Notes

Title: ACC 306 Become Exceptional/ newtonhelp.com


1
ACC 306 Become Exceptional/ newtonhelp.com
2
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Entire Course (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
    P12-7,P12-10, P12-14, P13-6
  • ACC 306 Week 1 Quiz
  • ACC 306 Week 1 DQ 1 Equity Method
  • ACC 306 Week 1 DQ 1 Accounting Pronouncements
  •  ACC 306 Week 1 DQ 2 Judgment Case 13-9
  • ACC 306 Week 2 Quiz
  • ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt
    Manufacturing Debt for equity swaps

3
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
    P12-7,P12-10, P12-14, P13-6 (Ash Course)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1,
    P12-7,P12-10, P12-14, P13-6

4
ACC 306 Become Exceptional/ newtonhelp.com
  • Acc 306 Week 1 Homework (Be 13-1, Be 13-4, E
    13-2, E 13-10, Be 13-7, P 13-8, Be14-8, Be14-12,
    E14-5, E14-19, P14-3, P14-4)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • BE 13-1
  • BE 13-4
  • E 13-2
  • E 13-10

5
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 1 Quiz (2 Set)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • QUESTION 1
  • On January 1, 2015, Watson Corp. issued 900,000
    par value, 8, three-year bonds when the market
    rate of interest was 8. Interest is payable
    semiannually each June 30 and December 31. Watson
    incurred bond issue costs of 29,000. Under IFRS,
    what is the journal entry when Watson issued the
    bonds? (Record debits first, then credits.

6
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 1 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Question 1  Which of the following may create
    employer liabilities in connection with their
    payrolls?
  • Question 2  Current liabilities are normally
    recorded at the amount expected to be paid rather
    than at their present value. This practice can be
    supported by GAAP according to the concept of

7
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 2 Assignment E 14-16, E 14-18, E
    15-25, P14-21, P15-3
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 306 Week 2 Assignment E 14-16, E 14-18, E
    15-25, P14-21, P15-3

8
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 2 Homework (BE 15-12, E 15-5, E
    15-19, P15-3, P15-4, BE 16-6, BE 16-12, E 16-5, P
    16-5, P 16-6)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • BE 15-12
  • E 15-5
  • E 15-19
  • P15-3
  • P15-4
  • BE 16-6
  • BE 16-12
  • E 16-5

9
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 2 Quiz (2 Set)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • WEEK 2 QUIZ
  • QUESTION 1
  • ITG Corporation issued 410,000 shares of 6 par
    value stock. The book value of ITG's common
    stockholders' equity is equal to 123 million.
    ITG implements a two-for-one stock split. What is
    the total number of shares outstanding after the
    stock split?

10
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 2 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Question 1 The method used to pay interest
    depends on whether the bonds are
  •  
  • Question 2 Bond X and bond Y are both issued by
    the same company. Each of the bonds has a
    maturity value of 100,000 and each matures in 10
    years. Bond X pays 8 interest while bond Y pays
    9 interest. The current market rate of interest
    is 8.

11
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 3 Assignment E 16-24, E 16-25, E
    17-10, E 17-19, P 16-7, P 17-16 (Ash Course)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 306 Week 3 Assignment E 16-24, E 16-25, E
    17-10, E 17-19, P 16-7, P 17-16

12
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 3 Ethics Case 17-6 401(k) plan
    contributions
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Ethics Case 176 - VXI International - 401(k)
    plan contributions ? LO1
  •  
  • You are in your third year as internal auditor
    with VXI International, manufacturer of parts and
    supplies for jet air- craft. VXI began a defined
    contribution pension plan three years ago. The
    plan is a so-called 401(k) plan (named after the
    Tax Code section that specifies the conditions
    for the favorable tax treatment of these plans)

13
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 3 Homework (BE 17-17, BE 17-22,
    E17-17, E17-21, P17-1, P17-6, BE18-5, BE18-6,
    E18-4, E18-10, P18-2, P18-6)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • BE 17-17
  •  
  • BE 17-22
  •  
  • E17-17
  •  
  • E17-21
  •  
  • P17-1
  •  
  • P17-6
  •  
  • BE18-5

14
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 3 Integrating Case 16-5 accounting
    changes and error correction
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Integrating Case 165 - Williams-Santana, Inc. -
    Tax effects of accounting changes and error
    correction six situations ? LO1 LO2 LO8
  •  
  • Williams-Santana, Inc. is a manufacturer of
    high-tech industrial parts that was started in
    1997 by two talented engineers with little
    business training. In 2011, the company was
    acquired by one of its major customers.

15
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 3 Quiz New
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • QUESTION 1
  • On January 1, 2015, Dillon Manufacturing leased
    another piece of machinery for use in its North
    American operations from Evans Bank. The
    nine-year, non-cancellable lease requires annual
    lease payments of 16,000, beginning January 1,
  • 2015, and at each December 31 thereafter through
    2022.
  • The lease agreement does not transfer ownership
    of the machinery, nor does it contain a bargain
    purchase option. The machinery has a fair value
    of 99,630 and an estimated life of 10 years.

16
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 3 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Question 1 If a company's deferred tax asset is
    not reduced by a valuation allowance, the company
    believes it is more likely than not that
  •  
  • Question 2 Which of the following statements
    typifies defined contribution plans?

17
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 4 Assignment E 18-18, E 18-24, E
    19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash
    Course)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 306 Week 4 Assignment E 18-18, E 18-24, E
    19-2, E 19-5, E 19-9, E 19-24, P 18-5

18
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 4 Communication Case 18-10 (Ash
    Course)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Communication Case 1810 Should the present
    two-category distinction between liabilities and
    equity be retained? Group interaction. ? LO1
  •  
  • The current conceptual distinction between
    liabilities and equity defines liabilities
    independently of assets and equity, with equity
    defined as a residual amount.

19
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 4 Ethics Case 19-7 International
    Network Solutions
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Ethics Case 197 International Network Solutions
    ? LO6
  •  
  • International Network Solutions provides products
    and services related to remote access networking.
    The company has grown rapidly during its first 10
    years of operations. As its segment of the
    industry has begun to mature, though, the fast
    growth of previous years has begun to slow.

20
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 4 Homework (BE 19-3, BE 19-11, BE
    19-5, E19-6, P19-2, P19-5, BE20-5, BE20-9, E20-9,
    E 20-11, P20-1, P20-3)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • BE 19-3
  • BE 19-11
  • BE 19-5
  • E19-6
  • P19-2
  • P19-5
  • BE20-5
  • BE20-9
  • E20-9
  • E 20-11
  • P20-1
  • P20-3

21
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 4 Quiz New
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • QUESTION 1
  • On January 1, Year 1, Sweeney Company granted an
    employee options to purchase 100 shares of
    Sweeney's common stock at 40 per share. The
    options became exercisable on December 31, Year
    1, after the employee had completed one year of
    service, and were exercised on that date.

22
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 4 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Question 1 Which of the following will require
    a recalculation of weighted-average shares
    outstanding for all years presented?
  •  
  • Question 2 Which of the following statements is
    true when dividends are not declared or paid on
    cumulative preferred stock?

23
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Analysis Case 20-10 (Ash Course)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Analysis Case 2010 - DRS Corporation - Various
    changes ? LO1 through LO4
  •  
  • DRS Corporation changed the way it depreciates
    its computers from the sum-of-the-years-digits
    method to the straight-line method beginning
    January 1, 2011. DRS also changed its estimated
    residual value used in computing depreciation for
    its office building. At the end of 2011, DRS
    changed the specific subsidiaries constituting
    the group of companies for which its consolidated
    financial statements are prepared.

24
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Assignment E 20-18, P 21-11, P
    21-14 (Ash Course)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • ACC 306 Week 5 Assignment E 20-18, P 21-11, P
    21-14

25
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Ethics Case 20-5 Softening the
    blow
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Ethics Case 205 Softening the blow ? LO1 LO2 LO3
  •  
  • Late one Thursday afternoon, Joy Martin, a
    veteran audit manager with a regional CPA firm,
    was reviewing documents for a long-time client of
    the firm, AMT Transport. The year-end audit was
    scheduled to begin Monday.

26
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Ethics Case 21-7
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • Ethics Case 217 - Ben Naegle - Wheres the cash?
    ? LO1 LO3
  •  
  • After graduating near the top of his class, Ben
    Naegle was hired by the local office of a Big 4
    CPA firm in his hometown. Two years later,
    impressed with his technical skills and
    experience, Park Electronics, a large regional
    consumer electronics chain, hired Ben as
    assistant controller. This was last week. Now
    Bens initial excitement has turned to distress.

27
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Final Lease Paper (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • This Tutorial contains 2 Papers of this
    Assignment
  •  
  • ACC 306 Week 5 Final Paper (Lease)
  •  
  • What is a lease and how is it used as a financing
    vehicle? How are leases accounted for within the
    firms financial reports? What is the difference
    between a capital lease and an operating lease?
    What is residual value? What are executory costs?
    What considerations are relevant in a lease or
    sell decision? Provide a discussion of all
    potential scenarios and the relevant accounting
    requirements.

28
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Homework (BE 21-7, BE 21-10, E
    21-2, E 21-2, P21-1, BE 22-6, E 22-1)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • BE 21-7
  • BE 21-10
  • E 21-2
  • E 21-2
  • P21-1
  • BE 22-6
  • E 22-1

29
ACC 306 Become Exceptional/ newtonhelp.com
  • ACC 306 Week 5 Quiz (2 Set)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  
  • QUESTION 1
  • On August 31 of the current year, Harvey Co.
    decided to change from the FIFO periodic
    inventory system to the weighted-average periodic
    inventory system. Harvey uses U.S.
  • GAAP,
  • is on a calendar year basis, and does not present
    comparative financial statements. The cumulative
    effect of the change is determined

30
ACC 306 Become Exceptional/ newtonhelp.com
Write a Comment
User Comments (0)
About PowerShow.com