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ACC 421 Education Begins /NEWTONHELP.COM

ACC 421 Final Exam Guide (New) 98% Score

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Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions.

ACC 421 Final Exam Guide (New)

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Number of Questions 30

Score atleast 90% easily with our EXCEL SHEET for any values (EVEN IF VALUES CHANGES) of below mentioned Question

Exercise 129 Prepare the necessary adjusting journal entries indicated by each item for the year ended December 31, 2017.

ACC 421 Final Exam Guide

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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.

3 Buys equipment on account for $1,547.

ACC 421 Week 1 US GAAP Versus IFRS

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Write a 1,050- to 1,400-word paper that addresses the following scenario and questions:

Your aunt recently received the annual report for a company in which she has invested. The report notes that the statements have been prepared in accordance with “generally accepted accounting principles.”

ACC 421 Week 1 WileyPlus Assignment Ex 2-4, Ex 2-6, Ex 3-5, Ex 3-9, Ex 3-13 With Excel File

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This Tutorial contains Excel File which can be used to solve for any values

• Exercise 2-4

• Exercise 2-6

• Exercise 3-5

• Exercise 3-9

• Exercise 3-13 (Part Level Submission)

ACC 421 Week 2 DQs

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1. What are different criteria for recognizing revenue?

2. What are the different revenue recognition methods? Why are there so many revenue recognition methods?

3. Why are the methods subjective, and what are the implications on income statement quality?

4. What are the differences between regular and irregular items on an income statement?

5. What are the requirements for items to qualify as irregular? What are some examples of irregular items?

ACC 421 Week 2 Individual BE 4-2, BE 4-3, BE 4-10, Ex 4-5, Ex 18-3, Ex 18-7, Ex 18-12

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Complete the following assignments in WileyPLUS:

• Brief Exercise 4-2

• Exercise 4-5

• Exercise 18-3

• Exercise 18-7 (Part Level Submission)

• Exercise 18-12

ACC 421 Week 2 Individual Revenue Recognition standards (2 PPT)

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This Tutorial contains 2 Presentation

Create a 7- to 12-slide presentation.

Describe the new Revenue Recognition standards.

Project the impact of these new standards on financial reporting.

Click the Assignment Files tab to submit your assignment.

ACC 421 Week 2 Team Coca-Cola PepsiCo Comparative Analysis Cases p. 72 and 145

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Complete, as a team, the Coca-Cola/PepsiCo Comparative Analysis Cases on p. 72 and 145. Your responses should be approximately one to two sentences for each segment (a-d, a-c).

Compile all team member’s input.

(a) What are the primary lines of business of these two companies as shown in their notes to the financial statements?

ACC 421 Week 3 Assignment CA 4-2, Problem 18-3, Problem 18-2

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Complete the following individually and discuss your individual answers as a team:

CA 4-2, p. 190

Problem 18-3, p. 1043

Problem 18-2, p. 1047

After discussing your answers, compile each into a team response.

ACC 421 Week 3 Individual BE 5-1, Ex 5-3, Ex 5-9, Pr 5-2, BE 2-1, BE 24-8, Pr 24-3 (With Excel File)

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Exercise 5-1:

Pronghom corporation has the following accounts included in its December 31, 2017, trial balance: Accounts receivable $110,600, Inventory $293,500, Allowance for Doubtful Accounts $9,450, Patents $72,500, prepaid insurance $9,590, Accounts payable $81,200 and cash $30,200. Prepare the current assets section of the balance sheet.

ACC 421 Week 3 Individual BE 24-1 (Essay) (with Excel File)

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Brief Exercise 24-1 (Essay)

An annual report of Crestwood Industries states, “The company subsidiaries have long-term leases expiring on various dates after December 31,2017. Amounts payables under such commitments, without reduction for related rental income, are expected to average approximately $5,711,000 annually for the next 3 years. Related rental income from certain subleases to others is estimated to average $3,094,000 annually for the next 3 years”.

ACC 421 Week 3 Individual BE 24-8 (with Excel File)

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Brief Exercise 24-8

Answer each of the questions in the following unrelated situations

a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $485,500, what is the amount of current liabilities?

ACC 421 Week 3 Individual Brief Exercise 5-1 (with Excel File)

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Exercise 5-1:

Pronghom corporation has the following accounts included in its December 31, 2017, trial balance: Accounts receivable $110,600, Inventory $293,500, Allowance for Doubtful Accounts $9,450, Patents $72,500, prepaid insurance $9,590, Accounts payable $81,200 and cash $30,200. Prepare the current assets section of the balance sheet.

ACC 421 Week 3 Individual Exercise 5-3

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Exercise 5-3:

For Fielder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select “note to Financial Statement” to indicate this fact. If an item need to be reported on the balance sheet, select “Balance Sheet” and if an item need not be reported at all, select “Not to be Reported”

ACC 421 Week 3 Individual Exercise 5-9 (with Excel File)

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Exercise 5-9 (Part Level Submission)

The current assests and current liabilities sections of the balance sheet of Cheyenne company appear as follows.

a) calculate following adjusted balances.

ACC 421 Week 3 Individual Problem 5-2 (with Excel File)

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Problem 5-2

Presented below are a number of balance sheet items for waterway, Inc., for the current year, 2017.

ACC 421 Week 3 Individual Problem 24-3 (Essay)

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Problem 24-3 (Essay)

Bradbum Corporation was Formed 5 years age through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Bradburn and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On june 10, 2018, Daniel