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ACC 290

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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 compa..
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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 emplo..
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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? ..
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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..
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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.          &nb..
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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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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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  we have another New set of week 2 Willeyplus assignment which could be found on this link http://www.uophelp.com/acc-290/product-14750-ACC-290-Week-2-WileyPlus-Assignment-BYP22-IFRS26-E34-E38-BYP-32-IFRS-32-P35-P36-(New)   WileyPLUS and Financial Accounting. Comple..
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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..
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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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  Discuss the objectives for ACC 290 Week One.  How do they relate to the practice of accounting and its uses in business?  Identify the four basic financial statements.  Classify transactions using the rules of debit and credit.  Journalize basic transactions.  ..
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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..
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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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WileyPLUS Assignment: Week 2 Assignment   Resource: WileyPLUS   Complete the following Week 2 Assignment in WileyPLUS:   • BYP 2-2   • IFRS 2-6   • Exercise 3-4   • Exercise 3-8   • Exercise 3-10  ..
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we have another New set of week 3 Willeyplus assignment which could be found on this link     Complete the following in WileyPLUS: Brief Exercise BE4-1, Problem P4-2A, and Problem P4-3A ..
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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? W..
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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? ..
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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 adjuste..
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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 b..
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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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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   • IFRS Practice Question 4 ..
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  we have another New set of week 4 Willeyplus assignment which could be found on this link http://www.uophelp.com/ACC-290-New/product-14752-ACC-290-Week-4-Wileyplus-Assignment--P48A-BYP51-BYP52-BE51-BE52-IFRS5-IFRS54-Do-it-53-54-(New)   Complete the following in WileyPL..
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This Tutorial contains an Excel File which can be used for any values   ACC 290 Week 4 Apply Connect Assignment   Note: You have only 1 attempt available to complete assignments   There are 2 Questions in this Tutorial (details given below, o..
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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? How would..
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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 ..
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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:   ..
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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 fin..
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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 tu..
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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   ..
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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 Practice Question 2 Practice Question..
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we have another New set of week 5 Willeyplus assignment which could be found on this link http://www.uophelp.com/ACC-290-New/product-14753-ACC-290-Week-5-WileyPlus-Assignment-BE65-BE67-BYP61-BYP62-BE74-BE76-BE51-BE52-BE75-E417-E418-(New)   Complete the following in WileyPLUS:&nbs..
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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 con..
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This Tutorial contains an Excel File which can be used for any values   ACC 290 Week 5 Apply Connect Assignment   Note: You have only 1 attempt available to complete assignments   There are 3 Questions in this Tutorial (details given below, o..
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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-..
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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 comp..
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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 ..
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