ACC 422 Inspiring Innovation--snaptutorial.com

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ACC 422 Inspiring Innovation--snaptutorial.com
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Entire Course For more classes
visit www.snaptutorial.com   ACC 422 Week 1 DQ
1 ACC 422 Week 1 DQ 2 ACC 422 Week 1 DQ 3 ACC 422
Week 1 Individual Assignment Disclosure Analysis
Paper (2 Papers) ACC 422 Week 1 CPA Practice
Exam ACC 422 Week 1 Team Assignment Audited
Financial Statements (Nordstrom Inc.)
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Final Exam Guide 1 For more classes
visit www.snaptutorial.com   1. Kraft Enterprises
owns the following assets at December 31, 2012.
Cash in banksavings account 67,516 Checking
account balance 26,445
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Final Exam Guide 2 For more classes
visit www.snaptutorial.com   SET 2 1) Which of
the following is considered cash? 2) Bank
overdrafts, if material, should be 3) Which of
the following is NOT considered cash for
financial reporting purposes?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Final Exam Guide 3 For more classes
visit www.snaptutorial.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 Inspiring Innovation--snaptutorial.com
ACC 422 Final Exam Guide All 3 Sets For more
classes visit www.snaptutorial.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 Checking 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 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 CPA Practice Exam For more classes
visit www.snaptutorial.com   1. What amount
should Herc report as inventory in its December
31, 2005, balance sheet? 2. What dollar-value
LIFO inventory cost would be reported in Cobb's
December 31, 2006, balance sheet? 3. Garson Co.
recorded goods in transit purchased FOB shipping
point at year-end as purchases. The goods were
excluded from the ending inventory. What effect
does the omission have on Garson's assets and
retained earnings at year end?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 DQ 1 For more classes
visit www.snaptutorial.com   Week 1 DQ
1 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 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 DQ 2 For more classes
visit www.snaptutorial.com   Week 1 DQ 2 What
is the perpetual method of tracking
inventory? How does it differ from the periodic
method of tracking inventory? Why would a company
choose one method over the other method? Which is
the best method? Why?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 DQ 3 For more classes
visit www.snaptutorial.com   Week 1 DQ 3 What
are the different ways to estimate bad debt? How
does this affect net income? What does Generally
Accepted Accounting Principles (GAAP) require?
Why? Should all companies have bad debt? Explain
your answer.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers) For more classes
visit www.snaptutorial.com   This Tutorial
contains 2 Papers Resource Internet Select a
publicly held company to use as the basis for
this assignment.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper For more classes
visit www.snaptutorial.com   Resource
Internet     Select a publicly held company to
use as the basis for this assignment.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 Individual WileyPlus Assignment
(Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3,
8-13) 100 Score For more classes
visit www.snaptutorial.com   Complete the
following Week 1 Assignment in WileyPLUS
Exercise 7-2 Exercise 7-4 Exercise 7-8 Exercise
7-9
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 Summary For more classes
visit www.snaptutorial.com   Post a 150 words
summary what you have learned this week
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 1 Team Assignment Audited Financial
Statements (Nordstrom Inc.) For more classes
visit www.snaptutorial.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.
Team A Nordstrom Inc. Team
B Macy's Inc.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 CPA Practice Exam For more classes
visit www.snaptutorial.com   1. On June 18,
2005, Dell Printing Co. incurred the following
costs for one of its printing presses
2. The overhaul resulted in a significant
increase in production. Neither the attachment
nor the overhaul increased the estimated useful
life of the press. What amount of the above costs
should be capitalized?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 DQ 1 For more classes
visit www.snaptutorial.com   Week 2 DQ 1 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? Which
method of estimation, gross profit or retail
inventory, is best? Explain your answer.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 DQ 2 For more classes
visit www.snaptutorial.com   Week 2 DQ 2 What
are the criteria for capitalization of fixed
assets? What items are included in the cost of a
fixed asset? Should interest be included in the
cost of a fixed asset? Explain why or why not.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 DQ 3 For more classes
visit www.snaptutorial.com   Week 2 DQ 3 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? What is
the rationale for these differences?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 Individual Assignment E7-2,
E7-8,Q13,E8-5 And E8-14 For more classes
visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text  
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 Individual WileyPlus Assignment
(Exercise 9-3, 9-12, 9-19, 10-2, 10-23,
10-24) For more classes visit www.snaptutorial.com
  Complete the following Week Two Assignment in
WileyPLUS Exercise 9-3 Exercise 9-12 Exercise
9-19 Exercise 10-2
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 Learning Team Assignment From The
Text P7-10 And E8-25 For more classes
visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text     Ch. 7 Problem P7-10   Ch.
8 Exercise E8-25
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 Summary For more classes
visit www.snaptutorial.com   Post a 150 words
summary what you have learned this week
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 2 Team Assignment Textbook Problems
(P7-1, P7-2, P8-4) 100 Score For more classes
visit www.snaptutorial.com   Prepare written
responses to the following assignments from Ch. 7
8 of Intermediate Accounting Problem
7-1 Problem 7-2 Problem 8-4 Click the Assignment
Files tab to submit your assignment.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 CPA Practice Exam For more classes
visit www.snaptutorial.com   1. Alta Co. spent
400,000 during the current year developing a new
idea for a product that was patented during the
year. The legal cost of applying for a patent
license was 40,000. Also, 50,000 was spent to
successfully defend the rights of the patent
against a competitor. The patent has a life of 20
years. Under U.S. GAAP, what amount should Alta
capitalize related to the patent?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 DQ 1 For more classes
visit www.snaptutorial.com   Week 3 DQ 1 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. Should
the financial statements reflect the value of
fixed assets? Explain why or why not.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 DQ 2 For more classes
visit www.snaptutorial.com   Week 3 DQ 2 What
are the different methods used to calculate
depreciation? How does a company decide which
method it should utilize? How does its choice
affect the financial statements? Should companies
standardize the method of depreciation to enhance
comparability? Explain your answer.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 DQ 3 For more classes
visit www.snaptutorial.com   Week 3 DQ 3 What
is an intangible asset? Should all intangible
assets be subject to amortization? Explain why or
why not. Why are some intangible assets not
amortized? What is the implication to the
financial statements?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 DQ 4   For more classes
visit www.snaptutorial.com   ACC 422 Week 3 DQ 4
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 Individual Assignment From the
Text E9-1,E9-12,E9-19,E10-5 And E10-12 For more
classes visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text     Ch. 9 Exorcices E9-1,
E9-12, E9-19  
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 Individual WileyPlus Assignment
Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8,
12-17 For more classes visit www.snaptutorial.com
  Complete the following Week Three Assignment in
WileyPLUS Exercise 11-6 Exercise 11-9 Exercise
11-21 Exercise 12-1 Exercise 12-6
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 Learning Team Assignment From The
Text P9-9 And P10-8 For more classes
visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 Summary For more classes
visit www.snaptutorial.com   Post a 150 words
summary what you have learned this week
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 3 Team Assignment Textbook Problems
(P9-2, P9-4, P10-3, P10-4) 100 Score For more
classes visit www.snaptutorial.com   Prepare
written responses to the following assignments
from Ch. 9 10 of Intermediate Accounting
Problem 9-2 Problem 9-4 Problem 10-3 Problem
10-4 Click the Assignment Files tab to submit
your assignment.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 CPA Practice Exam For more classes
visit www.snaptutorial.com   1. On September 30,
World Co. borrowed 1,000,000 on a 9 note
payable. World paid the first of four quarterly
payments of 264,200 when due on December 30. In
its December 31, balance sheet, what amount
should World report as note payable?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 DQ 1 For more classes
visit www.snaptutorial.com   Week 4 DQ 1 What
are the criteria for classifying an item as a
current liability? What are some examples of
current liabilities? Why is it important to
classify a portion of long-term debt on a yearly
basis as a current liability? What is the
implication of misclassifying a liability as
current or long-term?
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 DQ 2 For more classes
visit www.snaptutorial.com   eek 4 DQ 2 What is
a contingency? Why are contingencies important to
users of financial statements? What are the
criteria for recording contingencies? Should
companies record a liability for threatened
litigation? Explain why or why not.
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 DQ 3 For more classes
visit www.snaptutorial.com   Week 4 DQ 3 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 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 Individual Assignment From The
Text E11-4,E11-11,E12-6 And E12-16 For more
classes visit www.snaptutorial.com   Resource
Intermediate Accounting   Prepare written
responses to the following assignments from the
text     Ch. 11 Exercises E11-4
E11-11   Ch. 12 Exercises E12-6
E12-16
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 Individual Wileyplus Assignment
Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4,
14-13 For more classes visit www.snaptutorial.com
  Resource WileyPLUS Complete the following Week
Four Assignment in WileyPLUS Exercise
13-1 Exercise 13-3 Exercise 13-5
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ACC 422 Inspiring Innovation--snaptutorial.com
ACC 422 Week 4 Learning Team Assignment From The
Text E11-18,P11-10 And P12-3 For more classes
visit www.snaptutorial.com Resource Intermediate
Accounting   Prepare written responses to the
following assignments from the text    
Ch. 11 Exercise E11-18 Problem P11-10   Ch.
12 Problem P12-3
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ACC 422 Inspiring Innovation--snaptutorial.com