ACC 205 OUTLET Redefined Education--acc205outlet.com

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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Final Paper (New) FOR MORE CLASSES
VISIT www.acc205outlet.com Final PaperFocus of
the Final PaperWrite a five to seven page
financial statement analysis of a public company,
and formatted according to APA style as outlined
in the Ashford Writing
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ACC 205 Week 1 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.com
Exercises 2.      Basic computations. The
following selected balances were extracted from
the accounting records of Rossi Enterprises on
December 31, 20X3
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 1 Chapter 1,2 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com A
CC 205 Week 1 Chapter 1,2 Quiz and Video Quiz  1.
In accounting the concept of materiality refers
to ________________.       Question 2. 2.
Typically accounting transactions are recorded
and reported at _______________. Question 3. 3.
The accounting equation is _______________________
_____. 
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 1 DQ 1 Accounting Equation
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Accounting Equation As you have learned in this
weeks readings the Accounting Equation is
Owners Equity.  Is the accounting equation true
in all instances?  Provide sample transactions
from your own experiences to demonstrate the
validity of the Accounting Equation.  
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 1 Exercise Assignment Basic
Accounting Equations (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com Week One Assignment 1)
Basic concepts. Jean's Marine Supply specializes
in the sale of boating equipment and
accessories. Identify the items that follow as
an asset (A), liability (L), revenue (R), or
expense (E) from the firm's viewpoint.  The
inventory of boating supplies owned by the
company. (A)  Monthly rental charges paid for
store space. (L)
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 1 DQ 2 Accounts (Ash) FOR MORE
CLASSES VISIT www.acc205outlet.com Accounts What
does the term account mean?  What are the
different classifications of accounts?  How do
the rules for Debits and Credits impact
accounts?  Please provide an example of how
debits and credits impact accounts.
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 1 Journal Balance Sheet Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Balance Sheet JournalThe Balance Sheet is a
financial snap shot of a company at  a particular
point in time.  The Balance Sheet lists the
assets, liabilities, and equity of the company. 
Reflect on your personal financial situation, can
you apply the concepts of the Balance Sheet? 
What did you learn from this reflection?
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 2 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.com
Exercise 4 4. Accounting for prepaid expenses
and unearned revenues. Hawaii-Blue began business
on January 1 of the current year and offers
deep-sea fishing trips to
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 2 Chapter 3,4 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com A
CC 205 Week 2 Chapter 3,4 Quiz and Video Quiz 1.
The accrual basis of accounting
means_______________________.       Question 2.
2. Under accrual basis accounting revenue is not
recognized until _________________.           Ques
tion 3. 3. The matching principle states
______________________________.         
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 2 DQ 1 Accounting Cycle (Ash) FOR
MORE CLASSES VISIT www.acc205outlet.com ACC 205
Week 2 DQ 1 Accounting Cycle Financial statements
are a product of the accounting cycle.  Think
about two different companies, one a
manufacturing company, the other a retail
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 2 DQ 2 Bank Reconciliation
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Bank Reconciliation What is the purpose of a bank
reconciliation?  What are the reasons there are
differences between the cash reported in the
accounting records and the cash balance in the
bank statements?Analyze several of your peers
postings.  Let at least two of your peers know
what happens to the discrepancies between the
book balance and the bank
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 2 Exercise Assignment Revenue and
Expenses (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com 1. Recognition of
concepts. Ron Carroll operates a small company
that books entertainers for theaters, parties,
conventions, and so forth. The companys fiscal
year ends on June 30. Consider the following
items and classify each as either (1) prepaid
expense, (2) unearned revenue, (3) accrued
expense, (4) accrued revenue, or (5) none of the
foregoing.a. Amounts paid on June 30 for a
1-year insurance policyb. Professional fees
earned but not billed as of June 30
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 2 Journal Income Statement Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Income Statement JournalThe Income Statement
measures the income and expenses of a company
over a specific period of time.  Reflecting on
your personal financial statement for the
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 Chapter 5,6 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com A
CC 205 Week 3 Chapter 5,6 Quiz and Video Quiz  
1. Gross Profit is ___________________.       Ques
tion 2. 2. All of the following are considered
part of inventory cost except__________.        Qu
estion 3. 3. In a period of rising raw material
costs the inventory cost flow assumption that
will provide the firm with the highest net income
would be _______________________.     
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.co
m Chapter 5, Exercise 1 Inventory errors and
income measurement. The income statements of
Keagle Company for 20X3 and 20X4 follow. 20X3
                          20X4 Sales
                                       100,000
                    109,000 Cost of goods sold
                 62,000                        
74,000
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 DQ 1 LIFO vs. FIFO (Ash) FOR MORE
CLASSES VISIT www.acc205outlet.com LIFO vs.
FIFO The controller of Sagehen Enterprises
believes that the company should switch from the
LIFO method to the FIFO method.  The controllers
bonus is based on the next income.  It is the
controllers belief that the switch in inventory
methods would increase the net income of the
company.  What are the differences between the
LIFO and FIFO methods? 
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New) FOR MORE
CLASSES VISIT www.acc205outlet.com LIFO vs.
FIFO The controller of Sagehen Enterprises
believes that the company should switch from the
LIFO method to the FIFO method.  The controllers
bonus is based on the next income.  It is the
controllers belief that the switch in inventory
methods would increase the net income of the
company.  What are the differences between the
LIFO and FIFO methods? Guided ResponseAnalyze
several of your peers postings.  Let at least
two of your peers know if a company is better off
it switches from a LIFO method to a FIFO method? 
Why or
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 DQ 2 Depreciation (Ash) FOR MORE
CLASSES VISIT www.acc205outlet.com Depreciation Th
ere is a variety of depreciation methods used to
allocate the cost of an asset to all of the
accounting periods benefited by the use of the
asset.  Your client has just purchased a piece of
equipment for 100,000.  Explain the concept of
depreciation.  Which of the following
depreciation methods would you recommend
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 Exercise Assignment Inventory
(New) FOR MORE CLASSES VISIT www.acc205outlet.com
1. Specific identification method. Boston
Galleries uses the specific identification method
for inventory valuation. Inventory information
for several oil paintings follows.                
                         Painting                 
     Cost
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 3 Journal Inventory Journal
(Ash) FOR MORE CLASSES VISIT www.acc205outlet.com
Inventory JournalReflect for a moment on the
LIFO (Last in First Out) and FIFO (First in First
Out) inventory methods. If you were starting a
small manufacturing company, what inventory
method do you believe would provide the most
accurate financial statements? Why do you believe
this is the case?
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 4 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.com
Chapter 7 Exercise 2 and 4 2.         Accrued
liability current portion of long-term debt. On
July 1, 20X1, Hall Company borrowed 225,000 via
a long-term loan. Terms of the loan require that
Hall pay interest and 75,000 of principal on
July 1, 20X2, 20X3, and 20X4. The unpaid balance
of the loan accrues interest at the rate of 10
per year. Hall has a December 31 year-end.
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 4 Chapter 7,8 Quiz and Video
Quiz FOR MORE CLASSES VISIT www.acc205outlet.com A
CC 205 Week 4 Chapter 7,8 Quiz and Video Quiz 1.
Current Liabilities are __________________________
___. (Points 1) Question 2. 2. The Unearned
Revenue account is used to record
____________________. (Points 1) Question 3. 3.
A contingent liability like a lawsuit is required
to be recorded when the probability of an
unfavorable outcome is __________________.
(Points
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 4 DQ 1 Current Liability (Ash) FOR
MORE CLASSES VISIT www.acc205outlet.com Current
Liability What is a current liability?  From a
user of financial statements perspective why do
you believe current liabilities are separated
from long-term liabilities?  Based
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 4 DQ 2 Client Recommendations
(Ash FOR MORE CLASSES VISIT www.acc205outlet.com C
lient Recommendations
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 4 Journal Future Obligations
Journal (Ash) FOR MORE CLASSES VISIT www.acc205out
let.com Future Obligations JournalThe current
liability section of the balance sheet lists the
liabilities that are due within the next 12
months.  Reflecting on your current financial
situation, apply the concept of current
liabilities.  What does this analysis tell you
about your future obligations?  What did you
learn from this experience?
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Assignment Student Guidance
Report FOR MORE CLASSES VISIT www.acc205outlet.com
Chapter 9 Exercise 3 Liquidity ratios. Edison,
Stagg, and Thornton have the following financial
information at the close of business on July
10 Compute the current and quick ratios for each
of the three companies. (Round calculations to
two decimal places.) Which firm is the most
liquid? Why?
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Chapter 9 Quiz and Video Quiz FOR
MORE CLASSES VISIT www.acc205outlet.com ACC 205
Week 5 Chapter 9 Quiz and Video Quiz  Question 1.
1. Common-size financial statements
means___________________.    Question 2. 2.
Vertical analysis of a financial statement
involves_______________.   
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 DQ 1 (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com ACC 205 Week 5 DQ 1
(Ash)
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 DQ 2 (Ash) FOR MORE CLASSES
VISIT www.acc205outlet.com ACC 205 Week 5 DQ 2
(Ash)
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Exercise Assignment Financial
Ratios(New) FOR MORE CLASSES VISIT www.acc205outle
t.com Week Five Exercise Assignment Financial
Ratios   1.      Liquidity ratios. Edison, Stagg,
and Thornton have the following financial
information at the close of business on July 10
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Final Paper Paper (Boeing General
Electric Lowes Home) (3 Papers) FOR MORE CLASSES
VISIT www.acc205outlet.com This Tutorial contains
3 Papers Paper 1 Boeing Paper 2 General
Electric Paper 3 Lowes Home   Final Paper
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Final Paper Paper (Microsoft
StarBucks) (2 Papers) FOR MORE CLASSES
VISIT www.acc205outlet.com This Tutorial contains
2 Papers Paper 1 Microsoft Paper 2 StarBucks  
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Final Paper Paper (Walmart,
Qualcomm) (2 Papers) FOR MORE CLASSES
VISIT www.acc205outlet.com This Tutorial contains
2 Papers Paper 1 Walmart Paper 2
Qualcomm   Final Paper
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Journal Most Important Ratio
Journal(New) FOR MORE CLASSES VISIT www.acc205outl
et.com   Most Important Ratio Journal Reflect for
a moment on the ratios (working capital, current
ratio, quick ratio, debt to asset, debt to
equity, times interest earned, gross margin and
net margin) presented this week. If you were
considering investing in a company what ratio
would be the most important to you? Formulate
and argument to defend your
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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ACC 205 Week 5 Journal Most Important Ratio
Journal (Ash) FOR MORE CLASSES VISIT www.acc205out
let.com Most Important Ratio Journal Reflect for
a moment on the ratios (working capital, current
ratio, quick ratio, debt to asset, debt to
equity, times interest earned, gross margin and
net margin)
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ACC 205 OUTLET Redefined Education--acc205outlet.c
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