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ACC 306

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ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ACC 306 Week 1 Quiz ACC 306 Week 1 DQ 1 Equity Method ACC 306 Week 1 DQ 1 Accounting Pronouncements   ACC 306 Week 1 DQ 2 Judgment Case 13-9 ACC 306 Week 2 Quiz ACC 306 Week 2 DQ 1 Ethics..
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ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ..
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Accounting Pronouncements. The Financial Accounting Standards Board has issued accounting pronouncements that affect how accounting transactions should be treated. These pronouncements may affect all companies or just specific industries, but no pronouncements have been issued that affect social ..
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P 12–13 -  Miller Properties - Equity method ● LO5 LO6 On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 ..
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ACC 306 Week 1 DQ2 Judgment Case 13-9  Judgment Case 13–9 - Valleck Corporation - Loss contingency and full disclosure ● LO5 LO6 In the March 2012 meeting ..
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BE 13-1 BE 13-4 E 13-2 E 13-10 BE 13-7 P 13-8 BE14-8 BE14-12 E14-5 E14-19 P14-3 P14-4   BE13-1 On April 1, Lopez Sales, Inc. purchased inventory costing $458,400 using a 5-month trade note payable. The note carries an annual interest ra..
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Question 1:  Which of the following may create employer liabilities in connection with their payrolls? Question 2:  Current liabilities are normally recorded at the amount expected to be paid rather than at their present value. This practice can be supported by GAAP according to the..
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QUESTION 1 On January 1, 2015, Watson Corp. issued $900,000 par value, 8%, three-year bonds when the market rate of interest was 8%. Interest is payable semiannually each June 30 and December 31. Watson incurred bond issue costs of $29,000. Under IFRS, what is the journal entry when Watson is..
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ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3 ..
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Ethics Case 14–8 - Hunt Manufacturing - Debt for equity swaps; have your cake and eat it too ● LO5 The cloudy afternoon mirrored the mood of the conference&nb..
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Ethics Case 15–4 - American Movieplex - Leasehold improvements ● LO3 American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction&n..
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BE 15-12 E 15-5 E 15-19 P15-3 P15-4 BE 16-6 BE 16-12 E 16-5 P 16-5 P 16-6   BE 15-12   The Scow Company declared its quarterly cash dividend on March 31st of the current year. The dividend of $0.30 per share was to be paid on May 1st t..
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Question 1:  The method used to pay interest depends on whether the bonds are: Question 2:  Bond X and bond Y are both issued by the same company. Each of the bonds has a maturity value of $100,000 and each matures in 10 years. Bond X pays 8% interest while bond Y pays 9% interest. ..
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WEEK 2 QUIZ QUESTION 1 ITG Corporation issued 410,000 shares of $6 par value stock. The book value of ITG's common stockholders' equity is equal to $123 million. ITG implements a two-for-one stock split. What is the total number of shares outstanding after the stock split? What is the par..
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ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ..
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Ethics Case 17–6 - VXI International - 401(k) plan contributions ● LO1 You are in your third year as internal auditor with VXI International, manufacturer of parts ..
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BE 17-17   BE 17-22   E17-17   E17-21   P17-1   P17-6   BE18-5   BE18-6   E18-4   E18-10   P18-2   P18-6     BE 17-17 Bigger Sho..
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Integrating Case 16–5 - Williams-Santana, Inc. - Tax effects of accounting changes and error correction; six situations ● LO1 LO2 LO8 Williams-Santana, Inc. is a manufacture..
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Question 1:  If a company's deferred tax asset is not reduced by a valuation allowance, the company believes it is more likely than not that: Question 2:  Which of the following statements typifies defined contribution plans? Question 3:  The annual pension expense for what..
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QUESTION 1   On January 1, 2015, Dillon Manufacturing leased another piece of machinery for use in its North American operations from Evans Bank. The nine-year, non-cancellable lease requires annual lease payments of $16,000, beginning January 1,  2015, and at each December ..
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ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 ..
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Communication Case 18–10 Should the present two-category distinction between liabilities and equity be retained? Group interaction. ● LO1 The current conceptual distinction between li..
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Ethics Case 19–7 International Network Solutions ● LO6 International Network Solutions provides products and services related to remote access networking. The company has grown r..
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BE 19-3 BE 19-11 BE 19-5 E19-6 P19-2 P19-5 BE20-5 BE20-9  E20-9 E 20-11 P20-1 P20-3   BE 19-3 O-Boy Jeans, Inc. awarded 2,900 options to acquire 2,900 shares of its common stock. The options have a fair value of $34 each and cannot..
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Question 1:  Which of the following will require a recalculation of weighted-average shares outstanding for all years presented? Question 2:  Which of the following statements is true when dividends are not declared or paid on cumulative preferred stock? Question 3:  When t..
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  QUESTION 1 On January 1, Year 1, Sweeney Company granted an employee options to purchase 100 shares of Sweeney's common stock at $40 per share. The options became exercisable on December 31, Year 1, after the employee had completed one year of service, and were exercised on..
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Analysis Case 20–10 - DRS Corporation - Various changes ● LO1 through LO4 DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits meth..
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ACC 306 Week 5 Assignment E 20-18, P 21-11, P 21-14 ..
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Ethics Case 20–5 Softening the blow ● LO1 LO2 LO3 Late one Thursday afternoon, Joy Martin, a veteran audit manager with a regional CPA firm, was reviewing document..
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Ethics Case 21–7 - Ben Naegle - Where’s the cash? ● LO1 LO3 After graduating near the top of his class, Ben Naegle was hired by the local office of ..
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This Tutorial contains 2 Papers of this Assignment   ACC 306 Week 5 Final Paper (Lease)   What is a lease and how is it used as a financing vehicle? How are leases accounted for within the firm’s financial reports? What is the difference between a capital lease and an op..
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BE 21-7 BE 21-10 E 21-2 E 21-2 P21-1 BE 22-6 E 22-1     ..
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QUESTION 1 On August 31 of the current year, Harvey Co. decided to change from the FIFO periodic inventory system to the weighted-average periodic inventory system. Harvey uses U.S.  GAAP,  is on a calendar year basis, and does not present comparative financial statements. T..
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