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ACC 206 Exceptional Education / snaptutorial.com

For more classes visit<br>www.snaptutorial.com<br><br>ACC 206 Week 1 Assignment Chapter One Problems<br><br>ACC 206 Week 1 DQ1 Cash Flows Information<br><br>ACC 206 Week 1 DQ2 Apple's Cash Flow <br>ACC 206 Week 2 Assignment Chapter Two and Three Problems <br>

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ACC 206 Exceptional Education / snaptutorial.com

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  1. ACC 206 Entire Course For more classes visit www.snaptutorial.com ACC 206 Week 1 Assignment Chapter One Problems ACC 206 Week 1 DQ1 Cash Flows Information ACC 206 Week 1 DQ2 Apple's Cash Flow ACC 206 Week 2 Assignment Chapter Two and Three Problems ACC 206 Week 2 DQ1 Stock Features ACC 206 Week 2 DQ2 Role of Management Accounting ACC 206 Week 2 Journal Institute of Management Accounting ACC 206 Week 3 Assignment Chapter Four and Five Problems ACC 206 Week 3 DQ1 Issues in Costing ACC 206 Week 3 DQ2 CVP and the Airline Industry ACC 206 Week 3 Journal Hershey Company ACC 206 Week 4 Assignment Chapter Six and Seven Problems ACC 206 Week 4 DQ1 Issues in Standard Costs and Budgeting ACC 206 Week 4 DQ2 Flexible Budgets ACC 206 Week 5 Assignment Chapter Eight Problems

  2. ACC 206 Week 5 Assignment Final Papers ACC 206 Week 5 DQ1 Long-term Decision Making ACC 206 Week 5 DQ2 Responsibilities in Management Accounting ******************************************** ACC 206 Week 1 Assignment Chapter One Problems For more classes visit www.snaptutorial.com Answer the following questions: Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed? Chapter 1 Exercise 1: 1. Classification of activities Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ________ Received $80,000 from the sale of land. b. ________ Received $3,200 from cash sales. c. ________ Paid a $5,000 dividend.

  3. d. ________ Purchased $8,800 of merchandise for cash. e. stock. ________ Received $100,000 from the issuance of common f. ________ Paid $1,200 of interest on a note payable. g. ________ Acquired a new laser printer by paying $650. h. mortgage note. ________ Acquired a $400,000 building by signing a $400,000 Chapter 1 Exercise 4: 4. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. a. flow from operating activities. Both the direct and indirect methods will produce the same cash b. indirect method is used. Depreciation expense is added back to net income when the c. indirect method is that larger cash flows from financing activities will be reported. One of the advantages of using the direct method rather than the d. statement of cash flows when the indirect method of statement preparation is employed. The cash paid to suppliers is normally disclosed on the

  4. e. on the statement of cash flows only when the direct method of statement preparation is used. The dollar change in the Merchandise Inventory account appears Chapter 1 Exercise 6: 6. Equipment transaction and cash flow reporting New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. equipment sold during 20X4. Determine the cost and accumulated depreciation of the b. Determine the selling price of the equipment sold. c. cash flows prepared by using the indirect method. Show how the sale of equipment would appear on a statement of Chapter 1 Problem 3: 3. Cash flow information: Direct and indirect methods ******************************************** The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts: ACC 206 Week 1 DQ 2 Apple's Cash Flow

  5. For more classes visit www.snaptutorial.com Go to http://finance.yahoo.com. Enter in “AAPL” and click on the “get quote” button, and it will bring up information on Apple. On the left hand side you’ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize Apple’s cash flow position and what does this statement tell you about where the money is coming from and where it’s going? What would you suggest Apple’s do to improve its cash position and why? Guided Response: Analyze several of your peers’ postings. Do you agree with the posting? Let at least two of your peers know what you would ad d. ******************************************** ACC 206 Week 1 DQ1 Cash Flows Information For more classes visit www.snaptutorial.com What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow

  6. statement do you think are most important for company management to monitor and why? Is this different for investors? Guided Response: Review your peers’ postings. Respond to at least two of classmates, letting them know whether you agree with the use of the cash flow statement and why. Additionally, share elements of the cash flow statement that you see as being the greatest interest to investors (as opposed to internal management) and why. ******************************************** ACC 206 Week 2 Assignment Chapter Two and Three Problems For more classes visit www.snaptutorial.com Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. Chapter 2 Exercise 1 1. Issuance of stock Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases:

  7. a. per share. Jackson Corporation has common stock with a par value of $1 b. per share. Royal Corporation has no-par common with a stated value of $5 c. been assigned French Corporation has no-par common; no stated value has Chapter 2 Exercise 3 3. Analysis of stockholders' equity Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow. 20X6 20X5 Preferred stock, $100 par value, 10% $580,000 $500,000 Common stock, $10 par value

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