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For more classes visitnwww.snaptutorial.comnnExercises 2. n n Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:na. Determine Rossi's total assets as of December 31.nb. Determine the company's total liabilities as of December 31.n

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ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 Assignment Student Guidance Report

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Exercises 2.

Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 Chapter 1 2 Quiz and Video Quiz

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ACC 205 Week 1 Chapter 1,2 Quiz and Video Quiz

1. In accounting the concept of materiality refers to ________________.

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 DQ 1 Accounting Equation

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As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity.  Is the accounting equation true in all instances?  Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 DQ 2 Accounts

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What does the term “account” mean?  What are the different classifications of accounts?  How do the rules for Debits and Credits impact accounts?  Please provide an example of how debits and credits impact accounts.

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 1 Journal Balance Sheet Journal

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Balance Sheet JournaThe Balance Sheet is a financial snap shot of a company at  a particular point in time.  The Balance Sheet lists the assets, liabilities,

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 Assignment Student Guidance Report

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Exercise 4

4. Accounting for prepaid expenses and unearned revenues. Hawaii-Blue began business on January 1 of the current year and offers

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 Chapter 3 4 Quiz and Video Quiz

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ACC 205 Week 2 Chapter 3,4 Quiz and Video Quiz

1. The accrual basis of accounting means_______________________.

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 DQ 1 Accounting Cycle

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Financial statements are a product of the accounting cycle.  Think about two different companies, one a manufacturing company, the other a retail company.  Why would different companies have different accounting cycles?  Would you expect the steps of the

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 DQ 2 Bank Reconciliation

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What is the purpose of a bank reconciliation?  What are the reasons there are differences between the cash reported in the accounting records and the cash balance in the bank statements?

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 2 Journal Income Statement Journal

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The Income Statement measures the income and expenses of a company over a specific period of time.  Reflecting on your personal financial statement for the past month, can you apply the principles of the Income Statement?  What did you learn from this

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 Assignment Student Guidance Report

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Chapter 5, Exercise 1

Inventory errors and income measurement. The income statements of Keagle Company for 20X3 and 20X4 follow.

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 Chapter 5 6 Quiz and Video Quiz

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ACC 205 Week 3 Chapter 5,6 Quiz and Video Quiz

1. Gross Profit is ___________________.

Question 2. 2. All of the following are considered part of inventory cost except__________.

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ACC 205 Week 3 DQ 1 LIFO vs. FIFO

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The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method.  The controller’s bonus is based on the next income.  It is the controller’s belief that the switch in inventory methods would increase the

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 DQ 2 Depreciation

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There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset.  Your client has just purchased a piece of equipment for \$100,000.  Explain the concept of depreciation.  Which of the

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 3 Journal Inventory Journal

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Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 Assignment Student Guidance Report

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Chapter 7 Exercise 2 and 4

2.         Accrued liability: current portion of long-term debt. On July 1, 20X1, Hall Company borrowed \$225,000 via a long-term loan.

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 Chapter 7 8 Quiz and Video Quiz

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ACC 205 Week 4 Chapter 7,8 Quiz and Video Quiz

1. Current Liabilities are _____________________________. (Points : 1)

Question 2. 2. The Unearned Revenue account is used to record ____________________. (Points : 1)

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ACC 205 Week 4 DQ 1 Current Liability

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What is a current liability?  From a user of financial statements perspective why do you believe current liabilities are separated from long-term liabilities?  Based on your current experience and any additional research you may have done provide two examples of

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 DQ 2 Client Recommendations

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ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 4 Journal Future Obligations Journal

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The current liability section of the balance sheet lists the liabilities that are due within the next 12 months.  Reflecting on your current

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Assignment Student Guidance Report

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Chapter 9 Exercise 3

Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Chapter 9 Quiz and Video Quiz

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ACC 205 Week 5 Chapter 9 Quiz and Video Quiz

Question 1. 1. Common-size financial statements means___________________.

Question 2. 2. Vertical analysis of a financial statement involves_______________.

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ACC 205 Week 5 DQ 1

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ACC 205 Week 5 DQ 1

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 DQ 2

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ACC 205 Week 5 DQ 2

ACC 205 course Enthusiastic Study/snaptutorial.com

• ACC 205 Week 5 Exercise Assignment Financial Ratios
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• 1.      Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
• Edison
• Stagg
• Thornton

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ACC 205 Week 5 Final Paper Paper (Boeing General Electric Lowes Home) (3 Papers)

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This Tutorial contains 3 Papers

Paper 1: Boeing

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Final Paper Paper (Microsoft StarBucks) (2 Papers)

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This Tutorial contains 2 Papers

Paper 1: Microsoft

Paper 2: StarBucks

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Final Paper Paper (Walmart, Qualcomm) (2 Papers)

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This Tutorial contains 2 Papers

Paper 1: Walmart

Paper 2: Qualcomm

ACC 205 course Enthusiastic Study/snaptutorial.com

ACC 205 Week 5 Journal Most Important Ratio Journal

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Most Important Ratio Journal

Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross