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For more course tutorials visit www.tutorialrank.com Question 1 The best definition of assets is the collections of resources belonging to the company and the claims on these resources. cash owned by the company. owners’ investment in the business. – PowerPoint PPT presentation

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Title: ACC 290(NEW) Enhance teaching - tutorialrank.com


1
ACC 290(NEW) Enhance teaching/ tutorialrank.com
2
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Final Exam Guide (New, 2019, 100 Score)
For more course tutorials visit www.tutorialrank.
com   Question 1 The best definition of assets is
the   collections of resources belonging to the
company and the claims on these resources. cash
owned by the company. owners investment in the
business.
3
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Apply Connect Assignment (100
Correct) (With Excel File) For more course
tutorials visit www.tutorialrank.com   1 On July
1, Tommy Wrigley established Wrigley Home
Appraisal Services, a firm that provides expert
residential appraisals and represents clients in
home appraisal hearings. TRANSACTIONS The owner
invested 100,000 in cash to begin the business.
4
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Apply Connect Exercise For
more course tutorials visit www.tutorialrank.com  
ACC 290 Week 1 Apply Connect Exercise   Review
the Knowledge Check in preparation for this
assignment.   Complete the Week 1 Exercise in
Connect.
5
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Assignment Preparing an Income
Statement Retained Earnings Statement and Balance
Sheet For more course tutorials
visit www.tutorialrank.com   Purpose of
Assignment   The purpose of this assignment is
to help students become familiar with the
presentation of the income statement and the
retained earnings statement
6
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Discussion Question 1 For more
course tutorials visit www.tutorialrank.com
  What are the four basic financial statements?
What is the primary purpose of each of the four
basic financial statements? In your opinion,
which financial statement
7
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Discussion Question 2 For more
course tutorials visit www.tutorialrank.com
  What are debits and credits? How are debits
and credits used to record business transactions?
Why do accountants debit asset accounts to
increase them but credit liability accounts to
increase them? Why do accountants debit expenses
to increase them but credit revenues to increase
them?
8
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Practice Connect Practice
Assignment For more course tutorials
visit www.tutorialrank.com     ACC 290 Week 1
Practice Connect Practice Assignment Complete the
Week 1 Practice in Connect. Note You have
unlimited attempts available to complete practice
assignments 1
9
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Practice Connect Knowledge
Check For more course tutorials
visit www.tutorialrank.com   ACC 290 Week 1
Practice Connect Knowledge Check   Complete the
Week 1 Knowledge Check in Connect.   Note You
have unlimited attempts available to complete
this practice assignment. The highest scored
attempt will be recorded.
10
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Practice Quiz (New) For more
course tutorials visit www.tutorialrank.com
  ACC 290 Week 1 Quiz   Question 1  
Current assets are expected to be converted to
cash or consumed within the next year or the
normal operating cycle, whichever is longer.
11
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Vocabulary Activity (New) For
more course tutorials visit www.tutorialrank.com
  WileyPLUS Assignment Week 1 Vocabulary
Activity   Resource WileyPLUS   Complete the
following Week 1 Assignment in WileyPLUS
12
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 1 Wiley Plus Assignment DI 1-3,
E1-3,E1-4, E2-4, IFRS2-4 (New) For more course
tutorials visit www.tutorialrank.com   WileyPLUS
Assignment Week 1 Assignment   Resource
WileyPLUS   Complete the following Week 1
Assignment in WileyPLUS
13
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Apply Connect Assignment For
more course tutorials visit www.tutorialrank.com
    ACC 290 Week 2 Apply Connect
Assignment Complete the Week 2 Assignment in
Connect.
14
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Apply Connect Exercise For
more course tutorials visit www.tutorialrank.com  
ACC 290 Week 2 Apply Connect Exercise Review
the Knowledge Check in preparation for this
assignment.   Complete the Week 2 Exercise in
Connect.
15
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus
Proficiency and Practice Quiz For more course
tutorials visit www.tutorialrank.com   ACC 290
Chapter 1 Orion WileyPlus Build your Proficiency
Q 1.1 What is the primary purpose of the
statement of cash flows? Q 1.2 Which
financial statement summarizes the financial
position of a company?
16
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Charter for Collaborative Learning
Activities For more course tutorials
visit www.tutorialrank.com   Resources Week 2
Learning Team Collaborative Discussion and the
Learning Team Charter for Collaborative Learning
Activities   Write a 150- to 200-word individual
response to the following
17
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Discussion Question 1 For more
course tutorials visit www.tutorialrank.com
  What is the revenue recognition principle?
What is the expense recognition principle? Why
are they important to financial reporting?   What
are adjusting entries and why are they necessary?
18
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Discussion Question 2 For more
course tutorials visit www.tutorialrank.com
  What accounts are subject to adjusting journal
entries and why?   How would you explain the
purpose of the adjusted trial balance?
19
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 LT Reflection Summary For more
course tutorials visit www.tutorialrank.com
  Discuss the objectives for ACC 290 Week One.
How do they relate to the practice of accounting
and its uses in business? Identify the four
basic financial statements.
20
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 LT Reflection Summary (New) For
more course tutorials visit www.tutorialrank.com
  Discuss the objectives for ACC 290 Week Two.
  What do you think will be the most important
of the skills learned when you are in an
accounting position?   Differentiate between
accrual basis and cash basis of accounting.
21
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 LT Reflection Summary For more
course tutorials visit www.tutorialrank.com
  Discuss the objectives for ACC 290 Week One.
How do they relate to the practice of accounting
and its uses in business? Identify the four
basic financial statements.
22
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Practice Connect Practice
Assignment For more course tutorials
visit www.tutorialrank.com     ACC 290 Week 2
Practice Connect Practice Assignment Complete
the Week 2 Practice in Connect.   Note You have
unlimited attempts available to complete practice
assignments
23
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Practice Connect Knowledge
Check For more course tutorials
visit www.tutorialrank.com   ACC 290 Week 2
Practice Connect Knowledge Check Complete the
Week 2 Knowledge Check in Connect.   Note You
have unlimited attempts available to complete
this practice assignment. The highest scored
attempt will be recorded.
24
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Practice Quiz (New) For more
course tutorials visit www.tutorialrank.com
  ACC 290 Week 2 Quiz  Question 1  Expenses
decrease retained earnings.  Question 2  During
2014, Gibson Company assets decreased 50,000 and
its liabilities decreased 90,000. Its
stockholders equity  
25
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 Vocabulary Activity (New) For
more course tutorials visit www.tutorialrank.com
  WileyPLUS Assignment Week 2 Vocabulary
Activity   Resource WileyPLUS   Complete the
following Week 2 Assignment in WileyPLUS  
26
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 2 WileyPlus Assignment BYP2-2,
IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5,
P3-6 (New) For more course tutorials
visit www.tutorialrank.com   WileyPLUS
Assignment Week 2 Assignment   Resource
WileyPLUS   Complete the following Week 2
Assignment in WileyPLUS  
27
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Apply Connect Assignment (with
Excel File) For more course tutorials
visit www.tutorialrank.com     This Tutorial
contains an Excel File which can be used for any
values     ACC 290 Week 3 Apply Connect
Assignment Complete the Week 3 Assignment in
Connect.
28
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Apply Connect Exercise For
more course tutorials visit www.tutorialrank.com  
ACC 290 Week 3 Apply Connect Exercise   Review
the Knowledge Check in preparation for this
assignment.
29
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 by 4 Learning Team Financial
Reporting Problem Part 1 (New) For more course
tutorials visit www.tutorialrank.com   Financial
Reporting Problem Part I   Browse the Internet to
acquire a copy of the most recent annual report
for a publicly traded company. Analyze the
information contained in the companys balance
sheet and income statement to answer the
following questions
30
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Chapter 4,5 Orion WileyPlus
Proficiency and Practice Quiz For more course
tutorials visit www.tutorialrank.com   ACC 290
Chapter 4 Orion WileyPlus Build your Proficiency
Q 4.1 Which of the following statements
about accrual-basis accounting is NOT true?
31
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Discussion Question 1 For more
course tutorials visit www.tutorialrank.com
  What are the steps in completing the
accounting cycle? How do the different steps
affect the financial statements? What is the
effect on the financial statements
32
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Discussion Question 2 For more
course tutorials visit www.tutorialrank.com
  What are the pros and cons of using reversing
entries? Why are reversing entries optional? What
is the main purpose of a financial statement
worksheet and its benefits? How has automation
aided the preparation,
33
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 LT Reflection Summary For more
course tutorials visit www.tutorialrank.com
  Discuss the objectives for ACC 290 Week Two.
What do you think will be the most important of
the skills learned when you are in an accounting
position?
34
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Practice Connect Practice
Assignment For more course tutorials
visit www.tutorialrank.com     ACC 290 Week 3
Practice Connect Practice Assignment Complete the
Week3 Practice in Connect.  
35
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Practice Connect Knowledge
Check For more course tutorials
visit www.tutorialrank.com   ACC 290 Week 3
Practice Connect Knowledge Check   Complete the
Week 3 Knowledge Check in Connect.   Note You
have unlimited attempts available to complete
this practice assignment. The highest scored
attempt will be recorded.
36
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Practice Quiz (New) For more
course tutorials visit www.tutorialrank.com
  ACC 290 Week 3 Quiz  
Question 1 The revenue recognition principle
dictates that revenue is recognized in the period
in which the cash is received.
37
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Problem 5-5A (Simon Company) For
more course tutorials visit www.tutorialrank.com
  Purpose of Assignment   The purpose of this
assignment is to help you become familiar with
the parts of the multiple-step income statement.  
38
ACC 290(NEW) Enhance teaching/ tutorialrank.com
ACC 290 Week 3 Vocabulary Activity (New) For
more course tutorials visit www.tutorialrank.com
  WileyPLUS Assignment Week 3 Practice
Quiz   Resource WileyPLUS  
39
ACC 290(NEW) Enhance teaching/ tutorialrank.com
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