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ACC422 Course Real Knowledge / acc422dotcom

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For more course tutorials visit www.acc422.com 1. Kraft Enterprises owns the following assets at December 31, 2012. Cash in bank–savings account 67,516 Checking account balance 26,445 Cash on hand 9,478 Postdated checks 753 Cash refund due from IRS 40,324 Certificates of deposit (180-day) 94,754 What amount should be reported as cash? Question 2 Presented below is information related to Rembrandt Inc.’s inventory. (per unit) Skis Boots Parkas Historical Cost – PowerPoint PPT presentation

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Title: ACC422 Course Real Knowledge / acc422dotcom


1
ACC422 Course Real Knowledge / acc422.com
The Best way to predict the Future is to create
it.....To Best way....
www.acc422.com
2
ACC422 Course Real Knowledge / acc422.com
ACCT 346 Midterm Exam All 4 Sets Click Here to
Buy the Tutorial http//www.acct346.com/product-42
-ACCT-346-Midterm-Exam-All-4-Sets For more course
tutorials visit www.acct422.com   Details of All
Questions Included in these midterms could be
found on this link ACCT 346 Midterm Set 1
(New) http//www.acct346.com/product-33-ACCT-346-M
idterm-Set-1-(New) ACCT 346 Midterm Set 2 (New)
3
ACC422 Course Real Knowledge / acc422.com
ACC 422 Final Exam Guide 1 Click Here to Buy the
Tutorial http//www.acc422.com/product-35-ACC-422-
Final-Exam-Guide-1 For more course tutorials
visit www.acc422.com   1. Kraft Enterprises owns
the following assets at December 31, 2012. Cash
in banksavings account 67,516 Checking account
balance 26,445 Cash on hand 9,478 Postdated
checks 753 Cash refund due from
IRS 40,324 Certificates of deposit (180-day)
4
ACC422 Course Real Knowledge / acc422.com
ACC 422 Final Exam Guide 2 Click Here to Buy the
Tutorial http//www.acc422.com/product-34-ACC-422-
Final-Exam-Guide-2 For more course tutorials
visit www.acc422.com   SET 2 1) Which of the
following is considered cash? 2) Bank overdrafts,
if material, should be 3) Which of the following
is NOT considered cash for financial reporting
purposes? 4) If a company employs the gross
method of recording accounts receivable from
customers, then sales discounts taken s
5
ACC422 Course Real Knowledge / acc422.com
ACC 422 Final Exam Guide 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-37-ACC-422-
Final-Exam-Guide-3 For more course tutorials
visit www.acc422.com ACC 422 Final Exam Guide
3SET 3 1) Which of the following is NOT
considered cash for financial reporting purposes?
2) What is the preferable presentation of
accounts receivable from officers, employees, s
6
ACC422 Course Real Knowledge / acc422.com
ACC 422 Final Exam Guide All 3 Sets Click Here to
Buy the Tutorial http//www.acc422.com/product-36-
ACC-422-Final-Exam-Guide-All-3-Sets For more
course tutorials visit www.acc422.com   1 Details
of All 180 Questions Given Below SET 1 1. Kraft
Enterprises owns the following assets at December
31, 2012. Cash in banksavings account 67,516 Chec
king account balance 26,445 Cash on
hand 9,478 Postdated checks 753 Cash refund due
from IRS
7
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 CPA Practice Exam Click Here to
Buy the Tutorial http//www.acc422.com/product-38-
ACC-422-Week-1-CPA-Practice-Exam For more course
tutorials visit www.acc422.com 1. What amount
should Herc report as inventory in its December
31, 2005, balance sheet? 2. What dollar-value
LIFO inventory cost would be reported in Cobb's
December 31, 2006, balance sheet? 3.
8
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 DQ 2 Click Here to Buy the
Tutorial http//www.acc422.com/product-30-ACC-422-
Week-1-DQ-2 For more course tutorials
visit www.acc422.com   What is the perpetual
method of tracking inventory? How does it differ
from the periodic method of tracking
inventory? Why would a company choose one method
over the other method? Which is the best method?
Why?
9
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 DQ 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-29-ACC-422-
Week-1-DQ-3 For more course tutorials
visit www.acc422.com   What are the different
ways to estimate bad debt? How does this affect
net income?
10
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers Click Here to Buy the
Tutorial http//www.acc422.com/product-28-ACC-422-
Week-1-Individual-Assignment-Disclosure-Analysis-P
aper For more course tutorials visit www.acc422.co
m   This Tutorial contains 2 Papers Resource
Internet Select a publicly held company to use as
the basis for this assignment.
11
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 Individual Assignment Disclosure
Analysis Paper (2 Papers Click Here to Buy the
Tutorial http//www.acc422.com/product-28-ACC-422-
Week-1-Individual-Assignment-Disclosure-Analysis-P
aper For more course tutorials visit www.acc422.co
m   This Tutorial contains 2 Papers Resource
Internet Select a publicly held company to use as
the basis for this assignment.
12
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 Individual WileyPlus Assignment
(Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3,
8-13) Click Here to Buy the Tutorial http//www.ac
c422.com/product-40-ACC-422-Week-1-Individual-Wile
yPlus-Assignment-(Exercise-7-2,-7-4,-7-8,-7-9,-7-1
3,-7-16,-8-3,-8-13)- For more course tutorials
visit www.acc422.com Complete the following Week
1 Assignment in WileyPLUS Exercise 7-2
Exercise 7-4 Exercise 7-8 Exercise 7-9
Exercise 7-13 Exercise 7-16 Exercise 8-3
Exercise 8-13 Take a screenshot of your
completed work, and Click the Assignment Files
tab to submit your screenshot. .
13
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 1 Individual WileyPlus Assignment
(Exercise 7-2, 7-4, 7-8, 7-9, 7-13, 7-16, 8-3,
8-13) Click Here to Buy the Tutorial http//www.ac
c422.com/product-40-ACC-422-Week-1-Individual-Wile
yPlus-Assignment-(Exercise-7-2,-7-4,-7-8,-7-9,-7-1
3,-7-16,-8-3,-8-13)- For more course tutorials
visit www.acc422.com Complete the following Week
1 Assignment in WileyPLUS Exercise 7-2
Exercise 7-4 Exercise 7-8 Exercise 7-9
Exercise 7-13 Exercise 7-16 Exercise 8-3
Exercise 8-13 Take a screenshot of your
completed work, and Click the Assignment Files
tab to submit your scre
14
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 2 CPA Practice Exam Click Here to
Buy the Tutorial http//www.acc422.com/product-43-
ACC-422-Week-2-CPA-Practice-Exam For more course
tutorials visit www.acc422.com 1. On June 18,
2005, Dell Printing Co. incurred the following
costs for one of its printing presses 2. The
overhaul resulted in a significant increase in
production. Neither the attachment nor the
overhaul increased the estimated useful life of
the press. What amount of the above costs should
be capitalized
15
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 2 DQ 1 Click Here to Buy the
Tutorial http//www.acc422.com/product-26-ACC-422-
Week-2-DQ-1 For more course tutorials
visit www.acc422.com   Under what circumstances
would a company need to estimate its
inventory? What are the differences between using
the gross profit method and retail inventory
method for estimating inventory? Which method of
estimation, gross profit or retail inventory, is
best? Explain your answer.
16
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 2 DQ 2 Click Here to Buy the
Tutorial http//www.acc422.com/product-25-ACC-422-
Week-2-DQ-2 For more course tutorials
visit www.acc422.com   What are the criteria for
capitalization of fixed assets? What items are
included in the cost of a fixed asset? Should
interest be included in the cost of a fixed
asset? Explain why or why not.
17
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 2 DQ 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-24-ACC-422-
Week-2-DQ-3 For more course tutorials
visit www.acc422.com   How do we account for the
disposition of fixed assets? What are the
differences in how the exchanges of assets are
handled, pending on whether they are similar or
dissimilar? What is the rationale for these
differences?
18
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 2 Individual WileyPlus Assignment
(Exercise 9-3, 9-12, 9-19, 10-2, 10-23,
10-24) Click Here to Buy the Tutorial http//www.a
cc422.com/product-41-ACC-422-Week-2-Individual-Wil
eyPlus-Assignment-(Exercise-9-3,-9-12,-9-19,-10-2,
-10-23,-10-24) For more course tutorials
visit www.acc422.com   Complete the following
Week Two Assignment in WileyPLUS Exercise 9-3
Exercise 9-12 Exercise 9-19 Exercise 10-2
Exercise 10-23 Exercise 10-24 Take a screenshot
of your completed work, and Click the Assignment
Files tab to submit your screenshot
19
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 2 Team Assignment Textbook Problems
(P7-1, P7-2, P8-4) Click Here to Buy the
Tutorial http//www.acc422.com/product-42-ACC-422-
Week-2-Team-Assignment-Textbook-Problems-(P7-1,-P7
-2,-P8-4)- For more course tutorials
visit www.acc422.com   Prepare written responses
to the following assignments from Ch. 7 8 of
Intermediate Accounting Problem 7-1 Problem
7-2 Problem 8-4 Click the Assignment Files tab
to submit your assignment.
20
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 3 CPA Practice Exam Click Here to
Buy the Tutorial http//www.acc422.com/product-46-
ACC-422-Week-3-CPA-Practice-Exam For more course
tutorials visit www.acc422.com 1. Alta Co. spent
400,000 during the current year developing a new
idea for a product that was patented during the
year. The legal cost of applying for a patent
license was 40,000. Also, 50,000 was spent to
21
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 3 DQ 1 Click Here to Buy the
Tutorial http//www.acc422.com/product-20-ACC-422-
Week-3-DQ-1 For more course tutorials
visit www.acc422.com   What is the purpose of
depreciation? Does the book value of a fixed
asset (cost minus accumulated depreciation)
communicate to a user what the asset is worth?
Explain why or why not.
22
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 3 DQ 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-18-ACC-422-
Week-3-DQ-3 For more course tutorials
visit www.acc422.com   What is an intangible
asset? Should all intangible assets be subject to
amortization? Explain why or why not. Why are
some intangible assets not amortized? ?
23
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 3 Individual WileyPlus Assignment
Exercise 11-6, 11-9, 11-21, 12-1, 12-6, 12-8,
12-17 Click Here to Buy the Tutorial http//www.ac
c422.com/product-44-ACC-422-Week-3-Individual-Wile
yPlus-Assignment-Exercise-11-6,-11-9,-11-21,-12-1,
-12-6,-12-8,-12-17 For more course tutorials
visit www.acc422.com Complete the following Week
Three Assignment in WileyPLUS Exercise 11-6
Exercise 11-9 Exercise 11-21 Exercise 12-1
Exercise 12-6 Exercise 12-8 Exercise 12-17
24
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 3 Team Assignment Textbook Problems
(P9-2, P9-4, P10-3, P10-4) 100 Score Click Here
to Buy the Tutorial http//www.acc422.com/product-
45-ACC-422-Week-3-Team-Assignment-Textbook-Problem
s-(P9-2,-P9-4,-P10-3,-P10-4)- For more course
tutorials visit www.acc422.com Prepare written
responses to the following assignments from Ch. 9
10 of Intermediate Accounting Problem 9-2
Problem 9-4 Problem 10-3 Problem 10-4 Click the
Assignment Files tab to submit your assignmen
25
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 CPA Practice Exam Click Here to
Buy the Tutorial http//www.acc422.com/product-50-
ACC-422-Week-4-CPA-Practice-Exam For more course
tutorials visit www.acc422.com   1. On September
30, World Co. borrowed 1,000,000 on a 9 note
payable. World paid the first of four quarterly
payments of 264,200 when due on December 30. In
its December 31, balance sheet, what amount
should World report as note payable? 2. Gain
contingencies are usually recognized in the
income statement when
26
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 DQ 1 Click Here to Buy the
Tutorial http//www.acc422.com/product-14-ACC-422-
Week-4-DQ-1 For more course tutorials
visit www.acc422.com   What are the criteria for
classifying an item as a current liability? What
are some examples of current liabilities? Why is
it important to classify a portion of long-term
debt on a yearly basis as a current liability?
27
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 DQ 2 Click Here to Buy the
Tutorial http//www.acc422.com/product-13-ACC-422-
Week-4-DQ-2 For more course tutorials
visit www.acc422.com   What is a contingency? Why
are contingencies important to users of financial
statements? What are the criteria for recording
contingencies?
28
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 DQ 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-12-ACC-422-
Week-4-DQ-3 For more course tutorials
visit www.acc422.com   What is a bond? What are
some features of a bond? How do you value bonds?
What factors can affect that value?
29
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 Individual Wileyplus Assignment
Exercise 13-1, 13-3, 13-5, 13-8, 13-11, 14-4,
14-13 Click Here to Buy the Tutorial http//www.ac
c422.com/product-48-ACC-422-Week-4-Individual-Wile
yplus-Assignment-Exercise-13-1,-13-3,-13-5,-13-8,-
13-11,-14-4,-14-13 For more course tutorials
visit www.acc422.com   Resource WileyPLUS
Complete the following Week Four Assignment in
WileyPLUS Exercise 13-1 Exercise 13-3
Exercise 13-5 Exercise 13-8
30
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 Team Assignment Financial
Scavenger Hunt 3 (Nordstrom) Click Here to Buy
the Tutorial http//www.acc422.com/product-49-ACC-
422-Week-4-Team-Assignment-Financial-Scavenger-Hun
t-3-(Nordstrom) For more course tutorials
visit www.acc422.com   Review the financial
statements, including any notes and supplemental
information, and answer the following questions.
Indicate where you found the answer to the
questions. If calculations are required, show
your work
31
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 Team Assignment Textbook Problems
(P11-1, P12-1 Click Here to Buy the
Tutorial http//www.acc422.com/product-47-ACC-422-
Week-4-Team-Assignment-Textbook-Problems-(P11-1,-P
12-1)- For more course tutorials
visit www.acc422.com Prepare written responses
to the following assignments from Ch. 11 12 of
Intermediate Accounting Problem 11-1 Problem
12-1 Click the Assignment Files tab to submit
your assignment
32
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 4 DQ 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-12-ACC-422-
Week-4-DQ-3 For more course tutorials
visit www.acc422.com   What is a bond? What are
some features of a bond? How do you value bonds?
What factors can affect that value?
33
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 5 DQ 2 Click Here to Buy the
Tutorial http//www.acc422.com/product-8-ACC-422-W
eek-5-DQ-2 For more course tutorials
visit www.acc422.com   What are the criteria for
classifying a lease as operating or capital? Why
is there a difference between the two? What are
the implications of an operating lease versus a
capital lease on an entitys financial statements?
34
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 5 DQ 3 Click Here to Buy the
Tutorial http//www.acc422.com/product-7-ACC-422-W
eek-5-DQ-3 For more course tutorials
visit www.acc422.com   What is residual
value? What is the implication to the lessee if
the residual value is guaranteed or
unguaranteed? What is the implication to the
lessor?
35
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 5 DQ 4 Click Here to Buy the
Tutorial http//www.acc422.com/product-6-ACC-422-W
eek-5-DQ-4 For more course tutorials
visit www.acc422.com   Week 5 DQ 4 What are the
advantages of operating and capital leases? What
are the disadvantages? Why would a company pick
one over the other?
36
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 5 Individual WileyPlus Assignment
Exercise 21-2, 21-4, 21-8 (Essay), 21-8,
21-13 Click Here to Buy the Tutorial http//www.ac
c422.com/product-51-ACC-422-Week-5-Individual-Wile
yPlus-Assignment--Exercise-21-2,-21-4,-21-8-(Essay
),-21-8,-21-13 For more course tutorials
visit www.acc422.com   Complete the following
Week Five Assignment in WileyPLUS Exercise
21-2 Exercise 21-4 Exercise 21-8 (Essay)
Exercise 21-8 Exercise 21-13 Take a screenshot
of your completed work, and Click the Assignment
Files tab to submit your screenshot.
37
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 5 Learning Team Problem
Presentation Click Here to Buy the
Tutorial http//www.acc422.com/product-3-ACC-422-W
eek-5-Learning-Team-Problem-Presentation For more
course tutorials visit www.acc422.com   Collaborat
e as a team to provide written responses to a
facilitator-assigned problem. Prepare a 5- to
10-minute oral pr
38
ACC422 Course Real Knowledge / acc422.com
ACC 422 Week 5 Team Assignment Textbook Problems
(P13-10,P14-2, P21-3) Click Here to Buy the
Tutorial http//www.acc422.com/product-52-ACC-422-
Week-5-Team-Assignment-Textbook-Problems-(P13-10,P
14-2,-P21-3)- For more course tutorials
visit www.acc422.com   Prepare written responses
to the following assignments from Ch. 13,14 21
of Intermediate Accounting Problem 13-10 Problem
14-2Problem 21-3 Click the Assignment Files tab
to submit your assignment.Auditing Standards
39
ACC422 Course Real Knowledge / acc422dotcom
The Best way to predict the Future is to create
it.....To Best way....
www.acc422.com
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