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For more course tutorials visit<br>www.tutorialrank.com<br><br>Keyser Beverage Company reported the following items in the most recent year.<br><br>Q -2<br><br>Ames Company reported 2014 net income of $151,000. During 2014, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000.<br><br>Prepare the cash flows from operating activities section of the statement of cash flows.<br><br>Q -3<br><br>Martinez Corporation engaged in the following cash transactions during 2014.<br><br>Q-4<br><br>The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as:<br>
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ACC 421 Chapter 5 Wileyplus ACC 421 Chapter 23 wileyplus • Keyser Beverage Company reported the following items in the most recent year. • Q -2 • Ames Company reported 2014 net income of $151,000. During 2014, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. • Exercise 23-11 • Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below • Problem 23-6 • Comparative balance sheet accounts of Marcus Inc. are presented below. ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 Final Exam Guide ACC 421 Week 1 Individual Assignment Accounting Cycle Paper (2 Paper) • Question 1 • Transactions for Mehta Company for the month of May are presented below. • May 1 B.D. Mehta invests $3,054 cash in exchange for common stock of Mehta Company, a small welding corporation. • This Tutorial contains 2 Papers • Prepare a 700- to 1,050-word paper explaining the overall accounting cycle at your organization. • Include a description of the people, processes, and systems that are integral to the cycle ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 Week 2 Individual Wileyplus Assignment E4-6, E4-16, P3-5, E18-4, E18-5 ACC 421 Week 2 Team Assignment CA1-3, CA 1-14, E3-14, P3-11 • ACC 421 Week 2 Answers • · Week 2 Solutions to E4-6, E4-16, P3-5, E18-4, E18-5 • · Week 2 Solutions to Problems 1,2,3, and 4 • CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. (All answers are in bold type.) • 1. GAAP stands for: • 2. Accounting standard-setters use the following process in establishing accounting standards: ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 Week 3 Individual Wileyplus Assignment E5-5, E5-12, E5-15, E24-2, E24-5 ACC 421 Week 3 Team Assignment P4-4, P18-2, P18-8 • ACC 421 Week 3 Answers • · Week 3 Solutions to E5-5, E5-12, E5-15, E24-2, E24-5 • P4-4 (Multiple- and Single-Step Income, Retained Earnings) The following account balances were included in the trial balance of Twain Corporation at June 30, 2014. • Using the multiple-step form, prepare an income statement and a retained earnings statement for the year ended June 30, 2014. ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 Week 4 Individual Assignment Full Disclosure Paper (2 Paper) ACC 421 Week 4 Team Assignment P5-3, CA24-2, P24-2, P24-3 • This Tutorial contains 2 Different Papers • Disclosure Paper contains: • Intermediate Financial Accounting I • Individual Full Disclosure Paper • Resource: Intermediate Accounting • Write a 700-word paper addressing the following: • Answer Question 2 in Ch. 24. • Explain the need for full disclosure in financial reporting. • Identify possible consequences of failing to properly disclose certain items in financial statements. • P5-3 (Balance Sheet Adjustment and Preparation) The adjusted trial balance of Eastwood Company andother related information for the year 2014 are presented as follows. • Additional information: • 1. The LIFO method of inventory value is used. • 2. The cost and fair value of the long-term investments that consist of stocks and bonds is the same. ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 Week 4 WileyPLUS E23-1, E23-4, E23-7, E23-11, E23-12 ACC 421 Week 4 Wileyplus • Individual Assignments • Resource: WileyPLUS • Complete the following Week Four Assignment in WileyPLUS: • · Exercise 23-1 • · Exercise 23-4 • · Exercise 23-7 • · Exercise 23-11 • · Exercise 23-12 • Question 1 • The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. • Classify each of the transactions listed below as: • A comparative balance sheet for Shabbona Corporation is presented below. ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 WEEK 5 INDIVIDUAL ASSIGNMENT STATEMENT OF CASH FLOWS PAPER (2 Papers) ACC 421 Week 5 Team Assignment P6-7, P5-7, P23-7, P23-8 • This Tutorial contains 2 Different Papers • Statement of Cash Flows Paper • Write a 700-word paper in which you address the following: • •Answer Question 1 in Ch. 23 of Intermediate Accounting. • •Explain why statements of cash flows are important when assessing the financial strength of an organization. • P6-7 (Time Value Concepts Applied to Solve Business Problems) Answer the following questions related to Dubois Inc. • (a) Dubois Inc. has $600,000 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $80,000 at the end of each year for 12 years • (b) Dubois Inc. has completed the purchase of new Dell computers. The fair value of the equipment is$824,150. The purchase agreement specifies an immediate down payment of $200,000 ACC 421 Course Extraordinary Success tutorialrank.com
ACC 421 Week 5 WileyPLUS E6-2, E6-5, E6-6, E6-8, E6-10 • Individual Assignments • WileyPLUS Assignment: Week 5 Assignment • Complete the following Week Five Assignment in WileyPLUS: • · Exercise 6-2 • · Exercise 6-5 • · Exercise 6-6 • · Exercise 6-8 • · Exercise 6-10 ACC 421 Course Extraordinary Success tutorialrank.com
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