ACCT 550 DEVRY ENTIRE COURSE,ACCT 550 DEVRY ENTIRE CLASS,ACCT 550 DEVRY TUTORIAL,ACCT 550 DEVRY ASSIGNMENT Flashcards
DEVRY ACCT 550 All DQ’s Week 1 to Week 7
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For more classes visit http://www.assignmentclick.com ACCT 550 All DQ's Week 1 to Week 7 Week 1 DQ 1 Case Discussion Week 1 DQ 2 General Topic of Information Week 2 DQ 1 Case Discussion Week 2 DQ 2 The Income Statement Week 3 DQ 1 Case Discussion Week 3 DQ 2 Balance Sheet Week 4 DQ 1 Problem Discussion Week 4 DQ 2 Time Value of Money Week 5 DQ 1 Problem Discussion Week 5 DQ 2 Inventory Cost Week 6 DQ 1 Problem Discussion Week 6 DQ 2 Asset Valuation Week 7 DQ 1 Case Discussion Week 7 DQ 2 Asset Valuation
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DEVRY ACCT 550 Entire Course With Midterm And Final Exam
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ACCT 550 Entire Course With Midterm And Final Exam ACCT 550 Week 1 Homework Assignment ACCT 550 Week 2 Homework Assignment ACCT 550 Week 3 Homework Assignment ACCT 550 Week 4 Homework Assignment ACCT 550 Week 5 Homework Assignment ACCT 550 Week 6 Homework Assignment ACCT 550 Week 7 Homework Assignment ACCT 550 Week 8 Course project ACCT 550 Midterm ACCT 550 Final Exam ACCT 550 All DQ's Week 1 to Week 7 Week 1 DQ 1 Case Discussion Week 1 DQ 2 General Topic of Information Week 2 DQ 1 Case Discussion Week 2 DQ 2 The Income Statement Week 3 DQ 1 Case Discussion Week 3 DQ 2 Balance Sheet Week 4 DQ 1 Problem Discussion Week 4 DQ 2 Time Value of Money Week 5 DQ 1 Problem Discussion Week 5 DQ 2 Inventory Cost Week 6 DQ 1 Problem Discussion Week 6 DQ 2 Asset Valuation Week 7 DQ 1 Case Discussion Week 7 DQ 2 Asset Valuation
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DEVRY ACCT 550 Final Exam
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ACCT 550 Final Exam
1. (TCO A) Listed below are several information, characteristics, and accounting principles and assumptions. Match the letter of each with the appropriate phrase that states its application.
(Points : 30)
Potential Matches:
1 : Earnings process completed and realized or realizable
2 : Cost of providing financial information versus the benefits derived from its use
3 : Accruals and deferrals in adjusting and closing process
4 : Business enterprise assumed to have a long life
5 : Stable dollar assumption
6 : Notes as part of necessary information to a fair presentation
7 : Valuing assets at amount originally paid for them
8 : The impact of an item on the overall financial operations of a company
9 : Presentation of error-free information with representational faithfulness
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DEVRY ACCT 550 Midterm 100% Correct
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ACCT 550 Midterm 100% Correct
(TCO A) Financial information demonstrates consistency when
(TCO A) The cash method of accounting
(TCO A) Changing the method of inventory valuation should be reported in the financial statements under what qualitative characteristic of accounting information?
(TCO A) The characteristic that is demonstrated when a high
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DEVRY ACCT 550 Week 1 Homework Assignment
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ACCT 550 Week 1 Homework Assignment
E3-1 (Transaction Analysis—Service Company) Christine Ewing is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.
April 2 Invested $30,000 cash and equipment valued at $14,000 in the business.
2 Hired a secretary-receptionist at a salary of $290 per week payable monthly.
3 Purchased supplies on account $700. (debit an asset account.)
7 Paid office rent of $600 for the month.
11 Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.)
12 Received $3,200 advance on a management consulting engagement.
17 Received cash of $2,300 for services completed for Ferengi Co.
21 Paid insurance expense $110.
30 Paid secretary-receptionist $1,160 for the month.
30 A count of supplies indicated that $120 of supplies had been used.
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DEVRY ACCT 550 Week 2 Homework Assignment
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For more classes visit http://www.assignmentclick.com ACCT 550 Week 2 Homework Assignment E4-4 (Multiple-Step and Single-Step) Two accountants for the firm of Allen and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2012 information related to Webster Company ($000 omitted). Administrative expense Officers’ salaries $ 4,900 Depreciation of office furniture and equipment 3,960 Cost of goods sold 63,570 Rent revenue 17,230 Selling expense Transportation-out 2,690 Sales commissions 7,980 Depreciation of sales equipment 6,480 Sales revenue 96,500 Income tax expense 7,580 Interest expense 1,860 Instructions (a) Prepare an income statement for the year 2012 using the multiple-step form. Common shares outstanding for 2012 total 40,550 (000 omitted). (b) Prepare an income statement for the year 2012 using the single-step form. (c) Which one do you prefer? Discuss.
E4-12 (Earnings per Share) At December 31, 2011, Schroeder Corporation had the following stock outstanding.
8% cumulative preferred stock, $100 par, 107,500 shares $10,750,000
Common stock, $5 par, 4,000,000 shares 20,000,000
During 2012, Schroeder did not issue any additional common stock. The following also occurred during 2012.
Income from continuing operations before taxes $21,650,000
Discontinued operations (loss before taxes) 3,225,000
Preferred dividends declared 860,000
Common dividends declared 2,200,000
Effective tax rate 35%
Instructions
Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation. (Round to two decimal places.)
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DEVRY ACCT 550 Week 3 Homework Assignment
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For more classes visit http://www.assignmentclick.com ACCT 550 Week 3 Homework Assignment E5-2 (Classification of Balance Sheet Accounts) Presented below are the captions of Faulk Company’s balance sheet. (a) Current assets. (b) Investments. (c) Property, plant, and equipment. (d) Intangible assets. (e) Other assets. (f) Current liabilities. (g) Noncurrent liabilities. (h) Capital stock. (i) Additional paid-in capital. (j) Retained earnings.
E5-4 (Preparation of a Classified Balance Sheet)
Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock.
2. Discount on Bonds Payable.
3. Treasury Stock (at cost).
4. Notes Payable (short-term).
5. Raw Materials.
6. Preferred Stock Investments (long-term).
7. Unearned Rent Revenue.
8. Work in Process.
9. Copyrights. 10. Buildings.
11. Notes Receivable (short-term).
12. Cash.
13. Salaries and Wages Payable. 14. Accumulated Depreciation—Buildings.
15. Restricted Cash for Plant Expansion.
16. Land Held for Future Plant Site.
17. Allowance for Doubtful Accounts. 18. Retained Earnings.
19. Paid-in Capital in Excess of Par—Common Stock.
20. Unearned Subscriptions Revenue.
21. Receivables—Officers (due in one year).
22. Iventory (finished goods).
23. Accounts Receivable. 24. Bonds Payable (due in 4 years).
25. Noncontrolling Interest.
Instructions.
Prepare a classified balance sheet in good form. (No monetary amounts are necessary)
E5-12 (Preparation of a Balance Sheet)
Presented below is the trial balance of Scott Butler Corporation at December 31, 2014.
E5-13 (Statement of Cash Flows—Classifications)
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:
1. Operating activity—add to net income.
2. Operating activity—deduct from net income.
3. Investing activity.
4. Financing activity.
5. Reported as significant noncash activity.
P5-2 (Balance Sheet Preparation) for the current year, 2014.
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DEVRY ACCT 550 Week 4 Homework Assignment
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ACCT 550 Week 4 Homework Assignment
E6-5 (Computation of Present Value)
Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.
(a) $30,000 receivable at the end of each period for 8 periods compounded at 12%.
(b) $30,000 payments to be made at the end of each period for 16 periods at 9%.
(c) $30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%.
E6-12 (Analysis of Alternatives)
The Black Knights Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Black Knights has decided to locate a new factory in the Panama City area. Black Knights will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three buildings.
Building A: Purchase for a cash price of $600,000, useful life 25 years.
Building B: Lease for 25 years with annual lease payments of $69,000 being made at the beginning of the year.
Building C: Purchase for $650,000 cash. This building is larger than needed; however, the excess space can be sublet for 25 years at a net annual rental of $7,000. Rental payments will be received at the end of each year. The Black Knights Inc. has no aversion to being a landlord.
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DEVRY ACCT 550 Week 5 Homework Assignment
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ACCT 550 Week 5 Homework Assignment
E8-3 (Inventoriable Costs) Assume that in an annual audit of Harlowe Inc. at December 31, 2014, you find the following transactions near the closing date.
A special machine, fabricated to order for a customer, was finished and specifically segregated in the back part of the shipping room on December 31, 2014. The customer was billed on that date and the machine excluded from inventory although it was shipped on January 4, 2015.
Merchandise costing $2,800 was received on January 3, 2015, and the related purchase invoice recorded January 5. The invoice showed the shipment was made on December 29, 2014, f.o.b. destination.
A packing case containing a product costing $3,400 was standing in the shipping room when the physical inventory was taken. It was not included in the inventory because it was marked “Hold for shipping instructions.” Your investigation revealed that the customer’s order was dated December 18, 2014, but that the case was shipped and the customer billed on January 10, 2015. The product was a stock item of your
Merchandise received on January 6, 2015, costing $680 was entered in the purchase journal on January 7, 2015. The invoice showed shipment was made f.o.b. supplier’s warehouse on December 31, 2014. Because it was not on hand at December 31, it was not included in inventory. 5. Merchandise costing $720 was received on December 28, 2014, and the invoice was not recorded. You located it in the hands of the purchasing agent; it was marked “on consignment
Merchandise costing $720 was received on December 28, 2014, and the invoice was not recorded. You located it in the hands of the purchasing agent; it was marked “on consignment
P8-4 Hull Company’s record of transactions
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DEVRY ACCT 550 Week 6 Homework Assignment
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For more classes visit http://www.assignmentclick.com ACCT 550 Week 6 Homework Assignment Chapter 10 – E10-1 Chapter 10 – E10-3 Chapter 10 – E10-7 Chapter 10 – P10-8
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DEVRY ACCT 550 Week 7 Homework Assignment
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For more classes visit http://www.assignmentclick.com ACCT 550 Week 7 Homework Assignment Chapter 11: E11-4 E11-9 E11-11 E11-17
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DEVRY ACCT 550 Week 8 Course Project
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ACCT 550 Week 8 Course Project
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