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ACC 305 Empower Learning/ indigohelp

ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5<br>ACC 305 Week 1 DQ 1 FASB and Ethics<br>ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures<br>ACC 305 Week 2 DQ 1 Earnings Management Case 4-3<br>ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2<br>ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers<br>ACC 305 Week 2 Problem E4-19 Wainwright Corporation<br>ACC 305 Week 2 Problem E4-22 Tiger Enterprises<br>ACC 305 Week 2 Problem E5-3 Installment sales<br>

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ACC 305 Empower Learning/ indigohelp

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  1. ACC 305 Empower Learning/ indigohelp

  2. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Entire Course ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 For more classes visit www.indigohelp.com ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 • For more classes visit • www.indigohelp.com • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 • ACC 305 Week 1 DQ 1 FASB and Ethics • ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures • ACC 305 Week 2 DQ 1 Earnings Management Case 4-3

  3. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 1 DQ 1 FASB and Ethics ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures For more classes visit www.indigohelp.com You have recently been hired by Davis & Company, a small public accounting firm. One of the firm’s partners, Alice Davis, has asked you to deal with a disgruntled client, Mr. Sean Pitt, owner of the city’s largest hardware store. Mr. Pitt is applying to a local bank for a substantial loan to remodel his store. The bank requires accrual based financial statements but Mr. Pitt has always kept the company’s records on a cash basis. • For more classes visit • www.indigohelp.com • Research Case 1-3 (page 45) • The purpose of this case is to introduce you to the information available on the website of the Financial Accounting Standards Board (FASB).

  4. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers ACC 305 Week 2 Problem E4-19 Wainwright Corporation For more classes visit www.indigohelp.com ACC 305 Week 2 Problem E4-19 Wainwright Corporation • For more classes visit • www.indigohelp.com • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers

  5. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 For more classes visit www.indigohelp.com Revenue earned by a business enterprise is recognized for accounting purposes at different times, according to the circumstances. In some situations revenue is recognized approximately as it is earned in the economic sense. In other situations revenue is recognized at point of delivery. • For more classes visit • www.indigohelp.com • Companies often are under pressure to meet or beat Wall Street earnings projections in order to increase stock prices and also to increase the value of stock options. Some resort to earnings management practices to artificially create desired results.

  6. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem E4-22 Tiger Enterprises ACC 305 Week 2 Problem E5-3 Installment sales For more classes visit www.indigohelp.com ACC 305 Week 2 Problem E5-3 Instalment sales • For more classes visit • www.indigohelp.com • ACC 305 Week 2 Problem E4-22 Tiger Enterprises

  7. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem E5-10 Project Contracts ACC 305 Week 2 Problem Integrating Case 5-23 For more classes visit www.indigohelp.com ACC 305 Week 2 Problem Integrating Case 5-23 • For more classes visit • www.indigohelp.com • ACC 305 Week 2 Problem E5-10 Project Contracts

  8. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 2 Problem Judgment Case 4-9 ACC 305 Week 3 Communication Case 6-3 For more classes visit www.indigohelp.com Communication Case 6-3 on page 334 Harvey Alexander, an all-league professional football player, has just declared free agency. Two teams, the San Francisco 49ers and the Dallas Cowboys, have made Harvey the following offers to obtain his services: 49ers: $1 million signing bonus payable immediately and an annual salary of $1.5 million for the five-year term of the contract. • For more classes visit • www.indigohelp.com • ACC 305 Week 2 Problem Judgment Case 4-9

  9. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 3 Judgment Case 7-5 ACC 305 Week 3 P7-10, P7-14 For more classes visit www.indigohelp.com ACC 305 Week 3 P7-10, P7-14 • For more classes visit • www.indigohelp.com • John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end of each month. At the end of each month, John submits a list of all accounts and amounts to be charged and a check is written to him for the total amount. John is the only person ever to tally the fund.

  10. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 3 P7-14 El Gato Painting Company ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1. For more classes visit www.indigohelp.com ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1 • For more classes visit • www.indigohelp.com • ACC 305 Week 3 P7-14 El Gato Painting Company

  11. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 4 Communication Case 8-4 ACC 305 Week 4 Ethics Case 9-11 For more classes visit www.indigohelp.com Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. For the fiscal year- end June 30, 2011, ending inventory was originally determined to be $3,265,000. However, on July 17, 2011, John Howard, the company’s controller, discovered an error in the ending inventory count. • For more classes visit • www.indigohelp.com • You have just been hired as a consultant to Tangier Industries, a newly formed company. The company president, John Meeks, is seeking your advice as to the appropriate inventory method Tangier should use to value its inventory and cost of goods sold. Mr. Meeks has narrowed the choice to LIFO and FIFO.

  12. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 5 Ethics Case 10-12 ACC 305 Week 5 Final Paper (FASB) For more classes visit www.indigohelp.com Submit a seven to ten page paper on one of the major topics listed below. The paper should incorporate at least three other appropriately documented and related articles drawn from the University’s Library. (Note: you may advance your own topic, but it must be approved by your instructor.) • For more classes visit • www.indigohelp.com • Mayer Biotechnical, Inc., develops, manufactures, and sells pharmaceuticals. Significant research and development (R&D) expenditures are made for the development of new drugs and the improvement of existing drugs. During 2011, $220 million was spent on R&D. Of this amount, $30 million was spent on the purchase of equipment to be used in a research project involving the development of a new antibiotic.

  13. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp ACC 305 Week 5 P11-5, P11-7 ACC 305 Week 5 Problem E11-5, E11-10 For more classes visit www.indigohelp.com ACC 305 Week 5 Problem E11-5, E11-10 • For more classes visit • www.indigohelp.com • ACC 305 Week 5 P11-5, P11-7

  14. ACC 305 Empower Learning/ indigohelp ACC 305 Educational Tutor/ indigohelp

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