ACC 291 Empower Learning/ indigohelp

1. ACC 291 Empower Learning/ indigohelp

2. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Final Exam Guide (New) ACC 291 Final Exam Guide For more classes visit www.indigohelp.com Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? • For more classes visit • www.indigohelp.com • Question 207 • On January 1, a machine with a useful life of five years and a residual value of $40,000 was purchased for $120,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? • IFRS Multiple Choice Question 01 • As a recent graduate of State University you're aware that IFRS requires component depreciation for plant assets. A friend has asked you to succinctly explain what component depreciation means. Which of the following correctly describes component depreciation?

3. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Final Exam Guide1 ACC 291 Week 1 Discussion Question 1 For more classes visit www.indigohelp.com How would you describe the entries to record the disposition of accounts receivables? What is their function? • For more classes visit • www.indigohelp.com • Question 1  An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a

4. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 1 Discussion Question 2 ACC 291 Week 1 Wileyplus Assignment E8-4, E8-11, BYP8-1, and BYP8-2 For more classes visit www.indigohelp.com E8-4, E8-11, BYP8-1, and BYP8-2 in MS Excel Exercise 8-4 Wainwright Company Exercise 8-11 Fedex Corporation Broadening your Perspective 8-1 Tootsie Roll Broadening your Perspective 8-2 Tootsie Roll and Hershey • For more classes visit • www.indigohelp.com • How are bad debts accounted for under the direct write-off method? • What are the disadvantages of this method?

5. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 2 Discussion Question 1 ACC 291 Week 2 Discussion Question 2 For more classes visit www.indigohelp.com What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements? What does your Annual Report say about unearned revenue? • For more classes visit • www.indigohelp.com • What are the differences among valuation, depreciation, amortization, and depletion? • Is it appropriate to calculate depreciation using two different methods? Why? • What does the Annual Report you are using for class say about depreciation?

6. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 2 Fordyce and Atwater ACC 291 Week 2 Wileyplus Assignment P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A For more classes visit www.indigohelp.com P8-3A, BE9-11, DI9-5, E9-7, E9-8, BYP9, P9-2A. Problem 8-3A: Bosworth Company Brief Exercise 9-11: Nike, Inc. Do It! 9-5 Exercise 9-7: Wang, Co. Exercise 9-8: Cleand Company Broadening Your Perspective 9-1: Tootsie Roll Broadening Your Perspective 9-2: Tootsie& Hershey • For more classes visit • www.indigohelp.com • Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on December 31, 2007. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannualinstallment payments, exclusive of real estate taxes and insurance, of $29,433. Payments are due June 30 and December 31.

7. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 3 Discussion Question 1 ACC 291 Week 3 Discussion Question 2 For more classes visit www.indigohelp.com Why is preferred stock referred to as preferred? What are some of the features added to preferred stock that make it more attractive to investors? Would you select preferred stock or common stock as an investment? Why? Provide stock details from your Annual Report. • For more classes visit • www.indigohelp.com • Why does a company choose to form as a corporation? • What are the steps required to become a corporation? • What are the advantages and disadvantages of the corporate form of doing business?

8. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 3 Wileyplus Assignment P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4 ACC 291 Week 4 Discussion Question 1 For more classes visit www.indigohelp.com Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company? What are the differences between the direct and indirect presentation of cash flows? • For more classes visit • www.indigohelp.com • P9-7A, E10-5, E10-8, E10-13, E10-22, E10-24, BYP10, P10-9A, P10-13A, IFRS10-4. • Exercise 10-5: Olinger Company • Exercise 10-8: Ortega Company • Exercise 10-13: Romine Company • Exercise 10-22: Cole Corporation • Exercise 10-24: Nance, Co.

9. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 4 Discussion Question 2 ACC 291 Week 4 Wileyplus Assignment Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A For more classes visit www.indigohelp.com Do It! 11-1, E11-5, E11-7, BYP11-1, BYP11-2, P11-5A, P11-8A. Do It! 11-1 Exercise 11-5 Garcia Corporation Exercise 11-7 Pele Company Broadening Your Perspective 11-1 Tootsie Roll Broadening Your Perspective 11-2 Tootsie Roll & Hershey Problem 11-5A Pringle Corporation Problem 11-8A Everett Corporation • For more classes visit • www.indigohelp.com • What are some common ratios used to analyze financial information? Which are the most important?What are some examples of how ratios are used in the decision making process?Two popular methods of financial statement analysis are horizontal analysis and vertical analysis.  What are the differences between these two methods?

10. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp ACC 291 Week 5 Discussion Question 1 ACC 291 Week 5 Wileyplus Assignment E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A For more classes visit www.indigohelp.com E7-3, E12-1, E12-8, P12-9A, P12-10A, E13-3, E13-4, IFRS13-1, P13-2A. Exercise 7-3 Exercise 12-1 Exercise 12-8 Problem 12-9A Problem 12-10A Exercise 13-3 • For more classes visit • www.indigohelp.com • Why do corporations buy back their own stock? • What does it tell you about the corporation? • What effect does the purchase have on the price of a company’s stock? • Does your Annual Report discuss stock repurchase or balances of treasury stock?

11. ACC 291 Empower Learning/ indigohelp ACC 291 Educational Tutor/ indigohelp