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FOR MORE CLASSES VISITwww.acc306aid.comP 12–13 - Miller Properties - Equity method ● LO5 LO6On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares.

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Acc 306 help become exceptional acc306aid com

ACC 306 help Become Exceptional / acc306aid.com

For More Tutorials

www.acc306aid.com


Acc 306 help become exceptional acc306aid com1

ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Entire Course (New)

ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 (Ash Course)

  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6

  • ACC 306 Week 1 Quiz

  • ACC 306 Week 1 DQ 1 Equity Method

  • ACC 306 Week 1 DQ 1 Accounting Pronouncements

  • ACC 306 Week 1 DQ 2 Judgment Case 13-9

  • ACC 306 Week 2 Quiz

  • ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 (Ash Course)


Acc 306 help become exceptional acc306aid com2

ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 1 DQ 1 Accounting Pronouncements

ACC 306 Week 1 DQ 1 Equity Method (Ash Course)

  • Accounting Pronouncements. The Financial Accounting Standards Board has issued accounting pronouncements that affect how accounting transactions should be treated. These pronouncements may affect all companies or just specific industries

  • P 12–13 -  Miller Properties - Equity method ● LO5 LO6

  • On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. Miller’s CEO became a member of Marlon’s board of directors during the first quarter of 2011.


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ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 1 DQ 2 Judgment Case 13-9 (Ash Course)

ACC 306 Week 1 Quiz

  • ACC 306 Week 1 DQ2 Judgment Case 13-9 

  • Judgment Case 13–9 - Valleck Corporation - Loss contingency and full disclosure ● LO5 LO6

  • In the March 2012 meeting of Valleck Corporation’s board of directors, a question arose as to the way a possible obligation should be disclosed in the forthcoming financial statements for the year ended December 31.

  • Question 1:  Which of the following may create employer liabilities in connection with their payrolls?

  • Question 2:  Current liabilities are normally recorded at the amount expected to be paid rather than at their present value. This practice can be supported by GAAP according to the concept of:

  • Question 3:  The investment category for which the investor's "positive intent and ability to hold" is important is:


Acc 306 help become exceptional acc306aid com4

ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3

ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing Debt for equity swaps

  • ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3

  • Ethics Case 14–8 - Hunt Manufacturing - Debt for equity swaps; have your cake and eat it too ● LO5

  • The cloudy afternoon mirrored the mood of the conference of division managers. Claude Meyer, assistant to the controller for Hunt Manufacturing, wore one of the gloomy faces that were just emerging from the conference room. “Wow, I knew it was bad, but not that bad,” Claude thought to himself. “


Acc 306 help become exceptional acc306aid com5

ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 2 DQ 2 Ethics Case 15-4 Leasehold Improvements

ACC 306 Week 2 Quiz

  • Ethics Case 15–4 - American Movieplex - Leasehold improvements ● LO3

  • American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting.

  • Question 1:  The method used to pay interest depends on whether the bonds are:

  • Question 2:  Bond X and bond Y are both issued by the same company. Each of the bonds has a maturity value of $100,000 and each matures in 10 years. Bond X pays 8% interest while bond Y pays 9% interest. The current market rate of interest is 8%. Which of the following is correct?


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ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 (Ash Course)

ACC 306 Week 3 Ethics Case 17-6 401(k) plan contributions

  • ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 (Ash Course)

  • Ethics Case 17–6 - VXI International - 401(k) plan contributions ● LO1

  • You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet air- craft. VXI began a defined contribution pension plan three years ago.


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ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 3 Integrating Case 16-5 accounting changes and error correction

ACC 306 Week 3 Quiz

  • Integrating Case 16–5 - Williams-Santana, Inc. - Tax effects of accounting changes and error correction; six situations ● LO1 LO2 LO8

  • Williams-Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 1997 by two talented engineers with little business training.

  • Question 1:  If a company's deferred tax asset is not reduced by a valuation allowance, the company believes it is more likely than not that:

  • Question 2:  Which of the following statements typifies defined contribution plans?

  • Question 3:  The annual pension expense for what type of pension plan(s) is recorded by a journal entry that includes a debit to pension


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ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash Course)

ACC 306 Week 4 Communication Case 18-10 (Ash Course)

  • ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash Course)

  • Communication Case 18–10 Should the present two-category distinction between liabilities and equity be retained? Group interaction. ● LO1

  • The current conceptual distinction between liabilities and equity defines liabilities independently of assets and equity, with equity defined as a residual amount.


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ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 4 Ethics Case 19-7 International Network Solutions

ACC 306 Week 4 Quiz

  • Ethics Case 19–7 International Network Solutions ● LO6

  • International Network Solutions provides products and services related to remote access networking. The company has grown rapidly during its first 10 years of operations. As its segment of the industry has begun to mature, though, the fast growth of previous years has begun to slow. In fact, this year revenues and profits are roughly the same as last year.

  • Question 1:  Which of the following will require a recalculation of weighted-average shares outstanding for all years presented?

  • Question 2:  Which of the following statements is true when dividends are not declared or paid on cumulative preferred stock?

  • Question 3:  When treasury shares are sold at a price above cost:


Acc 306 help become exceptional acc306aid com10

ACC 306 help Become Exceptional / acc306aid.com

ACC 306 Week 5 Analysis Case 20-10 (Ash Course)

ACC 306 Week 5 Ethics Case 20-5 Softening the blow

  • Analysis Case 20–10 - DRS Corporation - Various changes ● LO1 through LO4

  • DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computing depreciation for its office building.

  • Ethics Case 20–5 Softening the blow ● LO1 LO2 LO3

  • Late one Thursday afternoon, Joy Martin, a veteran audit manager with a regional CPA firm, was reviewing documents for a long-time client of the firm, AMT Transport. The year-end audit was scheduled to begin Monday.

  • For three months, the economy had been in a down cycle and the transportation industry was particularly hard hit.


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ACC 306 help Become Exceptional / acc306aid.com

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