UOP ACCT 216

Question 1

ACCT 216 Accounting Theory and Applications Entire Course

Answer 1

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Question 2

ACCT 216 Week 1 Homework (v 1)

Answer 2

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Question 3

ACCT 216 Week 1 Homework (v 2)

Answer 3

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Question 4

ACCT 216 Week 2 Homework

Answer 4

http://www.homeworkrank.com/acct-216/acct-216-week-1-homework-(v-2) Description : 1.Please write a four-to-six sentence paragraph on the following question. Good business and accounting practices require the exercise of good judgment.
How should ethics be incorporated into making accounting judgments? Why is ethics important?

2.Sharon Kent is a realtor. She organized her business, called SK Realty, as a corporation on April 1, 2013.
Sharon started the business by depositing $105,000 in cash into the business bank account and issued herself common stock. Consider the following facts as of April 30, 2013

Question 5

ACCT 216 Week 3 Homework

Answer 5

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Question 6

ACCT 216 Week 4 Homework

Answer 6

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Question 7

ACCT 216 Week 5 Homework A

Answer 7

http://www.homeworkrank.com/acct-216/acct-216-week-5-homework-a Description : Suppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each. The Falcons expect the goal posts to have a useful life of five years and a salvage value of $1,000 each when they sell them to a local high school.
Required:
Compute the first years depreciation using the following methods:
2.Suppose the team depreciates the asset based on number of goals scored. The team anticipates goals to be 40 in the first year, 46 in the second year, 38 in the third, 50 in the fourth when they win the Super Bowl, and 45 in the fifth year. Compute their first year depreciation using the units-of-production method.
3.Which method do you think is the most representative of accurate depreciation of the goal posts?

Question 8

ACCT 216 Week 5 Homework B

Answer 8

http://www.homeworkrank.com/acct-216/acct-216-week-5-homework-b Description : Suppose the Colorado Avalanche purchased a new Zamboni machine to scrape the ice off the rink between periods. The Zamboni cost $100,000 and has a useful life of three years and a residual value of $5,000 when it is sold to a minor league hockey team. The Zamboni is anticipated to drive 352 miles the first year, 375 miles the second year, and 435 miles the third year when the team anticipates winning the Stanley Cup.
Required:
1.Compute the first years depreciation using the following methods:
a.Straight-line
b.Double-declining balance
c.Units-of-production method.
2.Which method do you think is the most representative of accurate depreciation of the Zamboni?

Question 9

ACCT 216 Week 6 Homework A

Answer 9

http: //www.homeworkrank.com/acct-216/acct-216-week-6-homework-a Description : During August 2013, DB Inc. completed the following transactions:
a. 8/1/13 – Purchased a new piece of equipment for $50,000 signing a 6 month, 8% note payable.
b. 8/10/13 – Issued 15,000 shares of $2.00 par stock at $8.00 per share.
c. 8/15/13 – Received an invoice for their telephones for $450.00 that will be paid next month.
d. 8/16/13 – Sold $320,000 in product sales and accrued 5% for warranty liability.
e. 8/30/13 – Received a summons that the company was being sued for terminating the office manager last month. The attorneys have advised the company that they will be liable to the employee for back pay of $3,800.
f. 8/31/13 – Purchased 200 shares of Treasury stock at $6.00 per share
g. 8/31/13 – Accrued interest on the note signed 8/1/13.

Question 10

ACCT 216 Week 7 Homework A

Answer 10

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Question 11

ACCT 216 Week 7 Homework B

Answer 11

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