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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 operating, investing, and financing. Classify each of the transactions listed below as: Q-5 E5-14 – PowerPoint PPT presentation

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Title: ACC 421 GENIUS Become Exceptional /acc421genius.com


1
ACC 421 GENIUS Become Exceptional
/acc421genius.com
  • FOR MORE CLASSES VISIT
  • www.acc421genius.com

2
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.
3
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.
4
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 contract.
Both companies have fiscal years ending December
31. For Crowe Co.
5
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 contract.
Both companies have fiscal years ending December
31. For Crowe Co.
6
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
people, processes, and systems that are integral
to the cycle.
7
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
8
ACC 421 Week 2 Team Assignment CA1-3, CA 1-14,
E3-14, P3-11   FOR MORE CLASSES
VISIT www.acc421genius.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.
9
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
10
ACC 421 Week 3 Team Assignment P4-4, P18-2,
P18-8   FOR MORE CLASSES VISIT www.acc421genius.co
m   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.
11
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
consequences of failing to properly disclose
certain items in financial statements.
12
ACC 421 Week 4 Team Assignment P5-3, CA24-2,
P24-2, P24-3   FOR MORE CLASSES
VISIT www.acc421genius.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.
13
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
14
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.
15
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 important when
assessing the financial strength of an
organization.
16
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
of new Dell computers. The fair value of the
equipment is824,150.
17
ACC 421 Week 5 WileyPLUS E6-2, E6-5, E6-6, E6-8,
E6-10   FOR MORE CLASSES VISIT www.acc421genius.co
m   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  
18
ACC 421 GENIUS Become Exceptional
/acc421genius.com
  • FOR MORE CLASSES VISIT
  • www.acc421genius.com
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