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ACC 305 Academic professor / Tutorialrank.com

For more course tutorials visit<br>www.tutorialrank.com<br>Tutorial Purchased: 1 Times, Rating: No rating<br><br>Communication Case 8-4 on page 442<br>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. He has heard that LIFO might be better for tax purposes, but FIFO has certain advantages for financial reporting to investors and creditors. You have been told that the company will be profitable in its first year and for the foreseeable future.<br>Required:<br>Prepare a report for the president describing the factors that should be considered by Tangier in choosing between LIFO and FIFO.<br>

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ACC 305 Academic professor / Tutorialrank.com

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  1. ACC 305 Students Guide / tutorialrank.com For More Best A+ Tutorials www.tutorialrank.com

  2. ACC 305 Students Guide / tutorialrank.com • Ethics Case 9-11 on page 497 • Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities • Communication Case 8-4 on page 442 • 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 ASHFORD ACC 305 Week 4 Ethics Case 9-11 ASHFORD ACC 305 Week 4 Communication Case 8-4

  3. ACC 305 Students Guide / tutorialrank.com • ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1 • ASHFORD ACC 305 Week 3 P7-10, P7-14 ASHFORD ACC 305 Week 4 Assignment ASHFORD ACC 305 Week 3 P7-10, P7-14

  4. ACC 305 Students Guide / tutorialrank.com • ACC 305 Week 3 P7-14 El Gato Painting Company • Judgment Case 7-5 on page 391 • For each of the following independent situations, indicate the apparent internal control weaknesses and suggest alternative procedures to eliminate the weaknesses. ASHFORD ACC 305 Week 3 P7-14 El ASHFORD ACC 305 Week 3 Judgment Case 7-5

  5. ACC 305 Students Guide / tutorialrank.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: • ACC 305 Week 2 Problem Judgment Case 4-9 ASHFORD ACC 305 Week 3 Communication Case 6-3 ASHFORD ACC 305 Week 2 Problem Judgment Case 4-9

  6. ACC 305 Students Guide / tutorialrank.com • ASHFORD ACC 305 Week 2 Problem Integrating Case 5-23 • ACC 305 Week 2 Problem E4-19 Wainwright Corporation ASHFORD ACC 305 Week 2 Problem Integrating Case 5-23 ASHFORD ACC 305 Week 2 Problem E4-19 Wainwright

  7. ACC 305 Students Guide / tutorialrank.com • ACC 305 Week 2 Problem E5-10 Project Contracts • ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers ASHFORD ACC 305 Week 2 Problem E5-10 Project Contracts ASHFORD ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers

  8. ACC 305 Students Guide / tutorialrank.com • ASHFORD ACC 305 Week 2 Problem E5-3 Installment sales • ACC 305 Week 2 Problem E4-22 Tiger Enterprises ASHFORD ACC 305 Week 2 Problem E5-3 Installment sales ASHFORD ACC 305 Week 2 Problem E4-22 Tiger Enterprises

  9. ACC 305 Students Guide / tutorialrank.com • ACC 305 Week 2 Problem E4-19 Wainwright Corporation • 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. • Required: ASHFORD ACC 305 Week 2 Problem E4-19 Wainwright Corporation ASHFORD ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2

  10. ACC 305 Students Guide / tutorialrank.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. • Judgment Case 2-1 (page 109) • You have recently been hired by Davis & Company, a small public accounting firm. One of the firm’s partners, Alice • g ASHFORD ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 ASHFORD ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures

  11. ACC 305 Students Guide / tutorialrank.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). • Required: • Access the FASB home page on the Internet. The web address is www.fasb.org. Answer the following questions. • ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 ASHFORD ACC 305 Week 1 DQ 1 FASB and Ethics ASHFORD ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5

  12. Students Guide / ACC 305 tutorialrank.com For More Best A+ Tutorials www.tutorialrank.com

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