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For more course tutorials visit\nwww.tutorialrank.com\n\nPlease check All included Assignments/DQs/Quiz Below\nACC 305 Week 1 Assignments E 3-18, E 3-20, Judgement Case 3-5\nACC 305 Week 1 DQ 1 FASB and Ethics\nACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures

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acc 305 education on your terms tutorialrank com 1

ACC 305Education on your terms/tutorialrank.com

ACC 305 Entire Course (DQs, Assignment, Quizzes)

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Please check All included Assignments/DQs/Quiz Below

ACC 305 Week 1 Assignments E 3-18, E 3-20, Judgement Case 3-5

ACC 305 Week 1 DQ 1 FASB and Ethics

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 1 Quiz (2 Set)

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1. Question : Rent collected in advance is:

2. Question : An exception leading to a qualified opinion would not include:

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 2 Assignment (E4-16, E4-19, E4-22, Case 4-9, E5-3, E5-10)

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E4-16 Bluebonnet Bakers

E4-19 Wainwright Corporation

E4-22 Tiger Enterprises

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 2 Assignment Integrating Case 5-23 (Covington Pike)

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ACC 305 Week 2 Problem Integrating Case 5-23

Integrating Case. Review the information pertaining to the audit of Covington Pike Corporation in problem 5-23 on pages 296-297 of your text. Use the list of ratios and the notes provided to approximate the current year’s balances in the form of a balance sheet and income statement, to the extent the information allows. Accompany those financial statements with calculations you use to estimate each amount reported

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 2 DQ 1 Earnings Management Case 4-3

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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.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2

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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:

1. Explain and justify why revenue often is recognized as earned at point of delivery.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 2 Quiz

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ACC 305 Week 2 Quiz

1. Question : Indiana Co. began a construction project in 2006 that will provide it $150

million when it is completed in 2008. During 2006, Indiana incurred $36 million

of costs and estimates an additional $84 million of costs to complete the

project.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 3 Assignment (P7-10, P7-14)

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P7-10 (pg388) Evergreen Company

Required:

REQ1- prepare the necessary journal entries for Evergreen for each of the about dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold (round all calculations to nearest dollar).

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 3 DQ 1 Present Value of Annuities (Communication Case 6-3)

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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.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 3 DQ 2 Internal Control (Judgment Case 7-5)

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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.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 3 Quiz (2 Set)

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1. Question : On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Cherokee uses the net method of accounting for cash discounts.

What entry would Cherokee make on November 10?

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1

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ACC 305 Week 4 Assignment E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, P9-1

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 4 DQ 1 LIFO vs FIFO (Communication Case 8-4)

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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 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.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 4 DQ 2 Overstatement of Ending Inventory (Ethics Case 9-11)

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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 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.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 4 Quiz (2 Set)

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1. Question : Nu Company reported the following pretax data for its first year of operations.

Net sales 2,800 Cost of goods available for sale 2,500 Operating expenses 880 Effective tax rate 40% Ending inventories: If LIFO is elected 820 If FIFO is elected 1,060

What is Nu's gross profit percentage if it elects LIFO?

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 5 Assignment P11-5, P11-7

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ACC 305 Week 5 P11-5, P11-7

Operational Assets & Depletion. Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting calculations. P11-5 (Page 608-609) Review the information pertaining to Thompson Corporation in problem P11-5 on pages 608-609 of your text. Supply the correct amount for each numbered item on the schedule on page 609. Round each number to the nearest dollar. P 11-7 (Page 610) Review the information pertaining to the Marion Company in problem P11-7 on page 610 of your text and answer questions 1-3.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 5 DQ 1 Research and Development (Ethics Case 10-12)

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ACC 305 Week 5 Ethics Case 10-12

Ethics Case 10-12 on page 553 - Mayer Biotechnical, Inc - Research and development ● LO8

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.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 5 DQ 2 Depreciation Methods (Problem E11-5, E11-10)

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Depreciation Methods. From Chapter 11 complete E11-5 (page 599) and E11-10 (page 600) and post to the discussion board by Day 3. Complete all parts of the problems and report back to the group the results of your analysis. Do not forget to show the necessary steps and explain how you attained that outcome. You must respond to at least two of your classmates’ postings to receive full credit.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 5 Final Paper FASB (3 Papers)

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Focus of the Final PaperSubmit 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.)

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5

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ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 1 DQ 1 FASB and Ethics

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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.

1. Describe the mission of the FASB.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures

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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 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. He does not see the purpose of accrual based statements.

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ACC 305Education on your terms/tutorialrank.com

ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures

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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 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. He does not see the purpose of accrual based statements.