ACC 421 GENIUS innovative education/acc421genius.com

1
ACC 421 GENIUS innovative education/acc421genius.c
om
2
ACC 421 GENIUS innovative education
ACC 421 Chapter 5 Wileyplus FOR MORE CLASSES
VISIT www.acc421genius.com Keyser Beverage
Company reported the following items in the most
recent year. Q -2 Ames Company reported 2014 net
income of 151,000. During 2014, accounts
receivable increased by 13,000 and accounts
payable increased by 9,500. Depreciation expense
was 44,000. Prepare the cash flows from
operating activities section of the statement of
cash flows. Q -3 Martinez Corporation engaged in
the following cash transactions during 2014. Q-4
The major classifications of activities reported
in the statement of cash flows are 
3
ACC 421 GENIUS innovative education
ACC 421 Chapter 23 wileyplus FOR MORE CLASSES
VISIT www.acc421genius.com Exercise 23-11
Condensed financial data of Pat Metheny Company
for 2014 and 2013 are presented below Problem
23-6 Comparative balance sheet accounts of Marcus
Inc. are presented below. IFRS Multiple Choice
Question 06 Which of the following is false with
regard to IFRS and the statement of cash flows?
IFRS Multiple Choice Question 07 Ocean Company
follows IFRS for its external financial
reporting. Which of the following 
4
ACC 421 GENIUS innovative education
ACC 421 Final Exam Guide FOR MORE CLASSES
VISIT www.acc421genius.com 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. Question 2 On
July 1, 2012, Crowe Co. pays 19,796 to Zubin
Insurance Co. for a 3-year insurance 
5
ACC 421 GENIUS innovative education
ACC 421 Week 1 Individual Assignment Accounting
Cycle Paper (2 Paper) FOR MORE CLASSES
VISIT www.acc421genius.com This Tutorial contains
2 Papers Prepare a 700- to 1,050-word paper
explaining the overall accounting cycle at your
organization. Include a description of the
6
ACC 421 GENIUS innovative education
ACC 421 Week 2 Individual Wileyplus Assignment
E4-6, E4-16, P3-5, E18-4, E18-5 FOR MORE CLASSES
VISIT www.acc421genius.com ACC 421 Week 2 Answers
Week 2 Solutions to E4-6, E4-16, P3-5, E18-4,
E18-5 Week 2 Solutions to Problems 1,2,3, and 4
7
ACC 421 GENIUS innovative education
ACC 421 Week 2 Team Assignment CA1-3, CA 1-14,
E3-14, P3-11 FOR MORE CLASSES VISIT www.acc421geni
us.com CA1-3 (Financial Reporting and Accounting
Standards) Answer the following multiple-choice
questions. (All answers are in bold type.) 1.
GAAP stands for 2. Accounting standard-setters
use the following process in establishing
accounting standards 3. GAAP is comprised of 4.
The authoritative status of the conceptual
framework is as follows. 5. 
8
ACC 421 GENIUS innovative education
ACC 421 Week 3 Individual Wileyplus Assignment
E5-5, E5-12, E5-15, E24-2, E24-5 FOR MORE CLASSES
VISIT www.acc421genius.com ACC 421 Week 3 Answers
Week 3 Solutions to E5-5, E5-12, E5-15, E24-2,
E24-5
9
ACC 421 GENIUS innovative education
ACC 421 Week 3 Team Assignment P4-4, P18-2,
P18-8 FOR MORE CLASSES VISIT www.acc421genius.com
P4-4 (Multiple- and Single-Step Income, Retained
Earnings) The following account balances were
included in the trial balance of Twain
Corporation at June 30, 2014. Using the
multiple-step form, prepare an income statement
and a retained earnings statement for the year
ended June 30, 2014. Using the single-step form,
prepare an income 
10
ACC 421 GENIUS innovative education
ACC 421 Week 4 Individual Assignment Full
Disclosure Paper (2 Paper) FOR MORE CLASSES
VISIT www.acc421genius.com This Tutorial contains
2 Different Papers Disclosure Paper contains
Intermediate Financial Accounting I Individual
Full Disclosure Paper Resource Intermediate
Accounting Write a 700-word paper addressing the
following Answer Question 2 in Ch. 24. Explain
the need for full disclosure in financial
reporting. Identify possible 
11
ACC 421 GENIUS innovative education
ACC 421 Week 4 Team Assignment P5-3, CA24-2,
P24-2, P24-3 FOR MORE CLASSES VISIT www.acc421geni
us.com P5-3 (Balance Sheet Adjustment and
Preparation) The adjusted trial balance of
Eastwood Company andother related information for
the year 2014 are presented as follows.
Additional information 1. The LIFO method of
inventory value is used. 2. The cost and fair
value of the long-term investments that consist
of stocks and bonds is the same. 3. The amount of
the Construction in Progress account represents
the costs expended to 
12
ACC 421 GENIUS innovative education
ACC 421 Week 4 WileyPLUS E23-1, E23-4, E23-7,
E23-11, E23-12 FOR MORE CLASSES
VISIT www.acc421genius.com Individual Assignments
Resource WileyPLUS Complete the following Week
Four Assignment in WileyPLUS Exercise 23-1
Exercise 23-4 Exercise 23-7 Exercise 23-11
Exercise 23-12
13
ACC 421 GENIUS innovative education
ACC 421 Week 4 Wileyplus FOR MORE CLASSES
VISIT www.acc421genius.com Question 1 The major
classifications of activities reported in the
statement of cash flows are operating, investing,
and financing. Classify each of the transactions
listed below as A comparative balance sheet for
Shabbona Corporation is presented below. Question
2 A comparative balance sheet for Shabbona
Corporation is presented below Question 3 Each of
the following items must be considered in
preparing a statement of cash flows (indirect
method) for Turbulent Indigo Inc. for the year
ended December 31, 2014. State whe
14
ACC 421 GENIUS innovative education
ACC 421 WEEK 5 INDIVIDUAL ASSIGNMENT STATEMENT OF
CASH FLOWS PAPER (2 Papers) FOR MORE CLASSES
VISIT www.acc421genius.com This Tutorial contains
2 Different Papers Statement of Cash Flows Paper
Write a 700-word paper in which you address the
following Answer Question 1 in Ch. 23 of
Intermediate Accounting. Explain why statements
of cash flows are i
15
ACC 421 GENIUS innovative education
ACC 421 Week 5 Team Assignment P6-7, P5-7, P23-7,
P23-8 FOR MORE CLASSES VISIT www.acc421genius.com
P6-7 (Time Value Concepts Applied to Solve
Business Problems) Answer the following questions
related to Dubois Inc. (a) Dubois Inc. has
600,000 to invest. The company is trying to
decide between two alternative uses ofthe funds.
One alternative provides 80,000 at the end of
each year for 12 years (b) Dubois Inc. has
completed the purchase 
16
ACC 421 GENIUS innovative education
ACC 421 Week 5 WileyPLUS E6-2, E6-5, E6-6, E6-8,
E6-10 FOR MORE CLASSES VISIT www.acc421genius.com
Individual Assignments WileyPLUS Assignment Week
5 Assignment Complete the following Week Five
Assignment in WileyPLUS Exercise 6-2 Exercise
6-5 Exercise 6-6 Exercise 6-8 Exercise 6-10
17
ACC 421 GENIUS innovative education