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For more course tutorials visit\nuophelp.com is now newtonhelp.com\nwww.newtonhelp.com\n\n\n\nACC 290 Final Exam Guide(Latest)\nACC 290 Week 1 Assignment Preparing an Income Statement Retained Earnings Statement and Balance Sheet\nACC 290 Week 2 Analyzing the Effect of Transactions E3-1 (New)\nACC 290 Week 2 Text Exercise Ex 1-9, Ex 2-10 (Donavan, Myeneke Corporation)\nACC 290 Week 3 Preparing a Multiple‐Step Income Statement Problem 5-5A (Simon Company) \nACC 290 Week 3 Text Exercise 4-14 Villa Company \nACC 290 Week 2 Charter for Collaborative Learning Activities\n

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acc 290 entire course new syllabus with final guide

ACC 290 Entire Course (New Syllabus With Final Guide)

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ACC 290 Final Exam Guide(Latest)

ACC 290 Week 1 Assignment Preparing an Income Statement Retained Earnings Statement and Balance Sheet

ACC 290 Week 2 Analyzing the Effect of Transactions E3-1 (New)

ACC 290 Week 2 Text Exercise Ex 1-9, Ex 2-10 (Donavan, Myeneke Corporation)

ACC 290 Week 3 Preparing a Multiple‐Step Income Statement Problem 5-5A (Simon Company) 

ACC 290 Week 3 Text Exercise 4-14 Villa Company 

ACC 290 Week 2 Charter for Collaborative Learning Activities

acc 290 final exam guide new

ACC 290 Final Exam Guide (New)

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ACC 290 Finals

Question 1

Jackson Company recorded the following cash transactions for the year:

Paid $135,000 for salaries.

Paid $60,000 to purchase office equipment.

Paid $15,000 for utilities.

Paid $6,000 in dividends.

Collected $245,000 from customers.

acc 290 final exam guide latest

ACC 290 Final Exam Guide(Latest)

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Question 1

The best definition of assets is the

collections of resources belonging to the company and the claims on these resources.

cash owned by the company.

owners’ investment in the business.

resources belonging to a company that have future benefit to the company.

slide5

ACC 290 Week 1 Assignment Preparing an Income Statement Retained Earnings Statement and Balance Sheet

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Purpose of Assignment 

The purpose of this assignment is to help students become familiar with the presentation of the income statement and the retained earnings statement, including how parts of the financial statement is evaluated to determine the operational success of the business. 

Assignment Steps 

Resources: Financial Accounting: Tools for Business Decision Making p. 36

acc 290 week 1 discussion question 1

ACC 290 Week 1 Discussion Question 1

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ACC 290 Week One - DQ #1

What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why. How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors?

acc 290 week 1 discussion question 2

ACC 290 Week 1 Discussion Question 2

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What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them?

acc 290 week 1 individual assignment financial statements paper

ACC 290 Week 1 Individual Assignment Financial Statements Paper

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Individual - Financial Statements Paper - Prepare a 700 -1,050 word paper in which you identify the four basic financial statements.  Describe the purpose of each of the four financial statements. Discuss how the financial statements would be useful to internal users, such as to managers and employees.

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ACC 290 Week 1 Practice Quiz(New)

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Question 1

             Current assets are expected to be converted to cash or consumed within the next year or the normal operating cycle, whichever is longer.

Current assets are economic resources that are expected to be converted to cash or used up by the business within one year or the normal operating cycle, whichever is shorter.

acc 290 week 1 vocabulary activity new

ACC 290 Week 1 Vocabulary Activity (New)

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WileyPLUS Assignment: Week 1 Vocabulary Activity

Resource: WileyPLUS

Complete the following Week 1 Assignment in WileyPLUS:

• Chapter 1 WileyPLUS Crossword Puzzle 1

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ACC 290 Week 1 WileyPlus Assignment DI1-3, E1-3,E1-4, E2-4, IFRS2-4 (New)

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WileyPLUS Assignment: Week 1 Assignment

Resource: WileyPLUS

Complete the following Week 1 Assignment in WileyPLUS:

• DO IT! 1-3

• Exercise 1-3

• Exercise 1-4

• Exercise Excel E 2-4

• IFRS 2-4

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ACC 290 Week 2 Chapter 1,2,3 Orion WileyPlus Proficiency and Practice Quiz

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ACC 290 Chapter 1 Orion WileyPlus Build your Proficiency

Q 1.1: What is the primary purpose of the statement of cash flows?  

Q 1.2: Which financial statement summarizes the financial position of a company?

Q 1.3: Which financial statement provides information for a specific point in time?

Q 1.4: The   reports revenues and expenses and resulting net income or less for a period in time.   

Q 1.5: The income statement does not report cash received from the sale of stock because it is not considered  

acc 290 week 2 charter for collaborative learning activities

ACC 290 Week 2 Charter for Collaborative Learning Activities

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Resources: Week 2 Learning Team Collaborative Discussion and the Learning Team Charter for Collaborative Learning Activities

Write a 150- to 200-word individual response to the following:

·         Consider the multiple definitions of collaboration.

·         Define collaboration and how you will apply it in this course based upon the discussion with your Learning Team. Be sure to reference and cite your sources.

acc 290 week 2 discussion question 1

ACC 290 Week 2 Discussion Question 1

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What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting?

What are adjusting entries and why are they necessary?

What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?

What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?

acc 290 week 2 discussion question 2

ACC 290 Week 2 Discussion Question 2

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What accounts are subject to adjusting journal entries and why?

How would you explain the purpose of the adjusted trial balance?

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ACC 290 Week 2 E3-1 (New)

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The balance sheet makes sure that the finances are in balance. Below is a list of Thyme Advertising Company, Inc. transactions. Each of these is affected differently.

Issued common stock to investors in exchange for cash received from investors.

Paid monthly rent.

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ACC 290 Week 2 LT Reflection Summary (New)

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Discuss the objectives for ACC 290 Week Two. 

What do you think will be the most important of the skills learned when you are in an accounting position? 

Differentiate between accrual basis and cash basis of accounting. 

Create Adjusting Entries.

 Prepare an adjusted trial balance.

 Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 2 LT Reflection Summary (New)

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Discuss the objectives for ACC 290 Week Two. 

What do you think will be the most important of the skills learned when you are in an accounting position? 

Differentiate between accrual basis and cash basis of accounting. 

Create Adjusting Entries.

 Prepare an adjusted trial balance.

 Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 2 Practice Quiz (New)

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Question 1

Expenses decrease retained earnings.

Question 2

During 2014, Gibson Company assets decreased $50,000 and its liabilities decreased $90,000. Its stockholders’ equity

Question 3

Payment of a dividend

Question 4

An account is a part of the financial information system and is described by all except which one of the following?

Question 5

acc 290 week 2 vocabulary activity new

ACC 290 Week 2 Vocabulary Activity (New)

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WileyPLUS Assignment: Week 2 Vocabulary Activity

Resource: WileyPLUS

Complete the following Week 2 Assignment in WileyPLUS:

• Chapter 2 Wiley PLUS Crossword Puzzle 1

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ACC 290 Week 2 WileyPlus Assignment BYP2-2, IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5, P3-6 (New)

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WileyPLUS Assignment: Week 2 Assignment

Resource: WileyPLUS

Complete the following Week 2 Assignment in WileyPLUS:

• BYP 2-2

acc 290 week 3 4 learning team financial reporting problem part 1 2 different papers new

ACC 290 Week 3/4 Learning Team Financial Reporting Problem, Part 1 (**2 Different Papers**)(New)

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Financial Reporting Problem Part I

Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

What are the company’s total assets at the end of its most recent annual    reporting period? Why is this important?

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ACC 290 Week 3 Chapter 4,5 Orion WileyPlus Proficiency and Practice Quiz

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ACC 290 Chapter 4 Orion WileyPlus Build your Proficiency

Q 4.1:              Which of the following statements about accrual-basis accounting is NOT true?

Q 4.2:              If a company spends $12 million dollars for a warehouse, when should the cost be written off?

Q 4.3: If an expense has been used or consumed but a bill has not been received at the end of the accounting period, which of the following is needed?

acc 290 week 3 discussion question 1

ACC 290 Week 3 Discussion Question 1

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What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle? What are the four closing journal entries? Why are they necessary? What are reversing entries? Why are they used? What are the pros and cons of using reversing entries? Why are reversing entries optional?

acc 290 week 3 discussion question 2

ACC 290 Week 3 Discussion Question 2

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What are the pros and cons of using reversing entries? Why are reversing entries optional? What is the main purpose of a financial statement worksheet and its benefits? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?

acc 290 week 3 lt reflection summary

ACC 290 Week 3 LT Reflection Summary

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Discuss the objectives for ACC 290 Week Two.  What do you think will be the most important of the skills learned when you are in an accounting position?  Differentiate between accrual basis and cash basis of accounting.  Create Adjusting Entries.  Prepare an adjusted trial balance.  Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 3 Practice Quiz (New)

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Question 1

The revenue recognition principle dictates that revenue is recognized in the period in which the cash is received.            

Question 2

The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied is the

acc 290 week 3 problem 5 5a simon company

ACC 290 Week 3 Problem 5-5A (Simon Company)

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Purpose of Assignment 

The purpose of this assignment is to help you become familiar with the parts of the multiple‐step income statement.

Assignment Steps 

Resources: Financial Accounting: Tools for Business Decision Making

Scenario: An inexperienced accountant prepared this condensed income statement for Simon Company a retail firm that has been in business for a number of years.

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ACC 290 Week 3 Vocabulary Activity (New)

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WileyPLUS Assignment: Week 3 Practice Quiz

Resource: WileyPLUS

Complete the following Week 3 Assignment in WileyPLUS:

• Chapter 4 Practice Quiz

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ACC 290 Week 3 WileyPlus Assignment BE4-1, P4-2A, P4-3A, BYP4-1, IFRS PQ-1, PQ-2, PQ-3, PQ-4 (New)

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Assignment: Week 3 Assignment

Complete the following Week 3 Assignment

• Brief Exercise 4-1

• Problem 4-2A

• Problem 4-3A

• BYP 4-1

• IFRS Practice Question 1

• IFRS Practice Question 2

• IFRS Practice Question 3

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ACC 290 Week 4/5 Individual Assignment Financial Reporting Problem Part II (**2 Different Papers**)(New)

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Financial Reporting Problem Part II

Access the internet to acquire a copy of the most recent annual report for the public traded company used to complete the Financial Reporting Problem, Part 1 assignment due in ACC 290 Week Four.  Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

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ACC 290 Week 4 Chapter 6 Orion WileyPlus Proficiency and Practice Quiz

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ACC 290 Chapter 6 Orion WileyPlus Build your Proficiency

Q 6.1:              Where is inventory reported?

Q 6.2:              ________ are items that will eventually be used in production

Q 6.3: How is inventory ready for sale classified in a manufacturing company? 

Q 6.4: In the perpetual inventory system, which of the following is NOT a reason to take physical inventory?  

Q 6.5: Which of the following is NOT considered an inventory cost? 

Q 6.6: What is the beginning inventory plus the cost of goods purchased?  

acc 290 week 4 discussion question 1

ACC 290 Week 4 Discussion Question 1

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How would you calculate cost of goods sold? What items make up cost of goods sold? How does beginning and ending inventory affect cost of goods sold? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise?

acc 290 week 4 discussion question 2

ACC 290 Week 4 Discussion Question 2

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What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles? How does a company determine what cost flow assumption they should use? How does first in, first out cost flow assumption work? When it is most appropriate to use? How does last in, first out cost flow assumption work?

acc 290 week 4 lt reflection summary

ACC 290 Week 4 LT Reflection Summary

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Reflection and Financial Reporting Problem Part I.

Discuss the objectives for ACC 290 Week Three.  How do they relate to the practice of accounting and its uses in business?  Prepare closing entries, reversing entries, and a post closing trial balance.  Prepare a financial statement work sheet.  Prepare a classified income statement, retained earnings statement and balance sheet. Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 4 Practice Quiz (New)

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Question 1

   A service company's operating cycle is ordinarily shorter than that of a merchandising company.

The operating cycle of a merchandising company is ordinarily shorter than that of a service company.

Question 2

   Due to the turnover time of inventory, merchandising companies have an operating cycle that is longer than a service company.

The operating cycle of a merchandising company is ordinarily ___________________ that of a service firm.

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ACC 290 Week 4 Vocabulary Activity (New)

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WileyPLUS Assignment: Week 4 Vocabulary Activity

Resource: WileyPLUS

Complete the following Week 4 Assignment in WileyPLUS:

• Chapter 5 Crossword Puzzle 1

slide38

ACC 290 Week 4 Wileyplus Assignment P4-8A, BYP5-1, BYP5-2, BE5-1, BE5-2, IFRS5-2, IFRS5-4, PQ-1, PQ-2, PQ-3 (New)

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Week 4 Assignment

Complete the following Week 4 Assignment in

Problem 4-8A

Brief Exercise 5-1

Brief Exercise 5-2

BYP 5-1

BYP 5-2

IFRS 5-2

IFRS 5-4

Practice Question 1

acc 290 week 4evaluate the inventory section of two companies using basic comparative analysis

ACC 290 Week 4Evaluate The Inventory Section Of Two companies Using Basic Comparative Analysis

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The purpose of this assignment is to evaluate the inventory section of two companies using basic comparative analysis, and to interpret the data to gain insight about the company's inventory management.

Assignment Steps 

Resources: Financial Accounting: Tools for Business Decision Making

Write a 1,050-word comparative analysis using the financial statements of Amazon.com, Inc. presented in Appendix D, and the financial statements for Wal-Mart Stores, Inc., presented in Appendix E, including the following:

acc 290 week 5 discussion question 1

ACC 290 Week 5 Discussion Question 1

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What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge? How are these different? How would you describe the key internal controls that should be in place to protect cash in a cash

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ACC 290 Week 5 IFRS Paper (New)

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IFRS 2-1: In what ways does the format of a statement of financial of position under IFRS often differ from a balance sheet presented under GAAP?

IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain.

IFRS 2-3: What terms commonly used under IFRS are synonymous with common stock and balance sheet?

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ACC 290 Week 5 Learning Team Reflection Summary (New)

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Reflection and Financial Reporting Problem Part II.

Discuss the objectives for ACC 290 Week Four.  In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?  Write a 350 to 500 word summary of your Learning Team’s discussion.

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ACC 290 Week 5 Preparing Comprehensive Bank Reconciliation (Daisey Company)

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Purpose of Assignment

Reconciling bank accounts is a good way to help maintain internal controls over cash. With time lags and posting errors it is easy for cash transactions to be omitted, recorded in a different accounting period, or reflect incorrect amounts. This assignment with give you practical experience in reconciling the cash balance as noted on the company books to the bank's records.

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ACC 290 Week 5 WileyPlus Assignment BE6-5, BE6-7, BYP6-1, BYP6-2, BE7-4, BE7-6, IFRS PQ-1, PFRS PQ-2(New)

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Assignment: Week 5 Assignment

Complete the following Week 5 Assignment

IFRS Practice Question 1

IFRS Practice Question 2

Brief Exercise 6-5

Brief Exercise 6-7

BYP 6-1

BYP 6-2

Brief Exercise 7-4

Brief Exercise 7-6