ACC557 FINANCIAL ACCOUNTING ACC/557

ACC 557 Week 6, Chapter 9 (E9-9, E9-11, E9-12, P9-3A) Wiley Plus - Graded 100%.doc ACC 557 Week 6 Chapter 9 (E9-9, E9-11, E9-12, P9-3A)NEW ACC 557 Week 6 Chapter 9 (E9-9, E9-11, E9-12, P9-3A) E9-9: Presented below are selected transactions at Tomas Company for 2014. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Tomas Company uses straight-line depreciation. ............ E9-11: On July 1, 2014, Sutton Inc....

ACC 557 Week 2, Quiz - Graded 100% Latest V Week 2 Quiz 1-  The United States and the international standard-setting environment are primarily driven by meeting the needs of • tax authorities. • investors and creditors. • academic researchers. • central government planners 2-    -  If the retained earnings account increases from the beginning of the year to the end of the year, then • net income is less than dividends. • a net loss is less than dividends. • the company must hav...

ACC 557 Week 4, Quiz - Graded 100% Latest V 1. A correcting entry A). is another name for a closing entry. B). may involve any combination of accounts. C). is a required step in the accounting cycle. D). must involve one balance sheet account and one income statement account 2. A double rule applied to accounts in the ledger during the closing process implies that A). the account balance is not zero. B). a mistake has been made, since double ruling is prescribed. C). the account is a te...

ACC 557 Week 3 Assignment 1 Review of Accounting E Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, or the general public. Search the Internet or the Strayer Library to locate a story in the news that depicts an accounting ethical breach. You may select from any type of organization about which you have information or a curiosity. Write a four to five (4-5) page paper in which you: • Given ...

1. Ranier Company is authorized to issue 10,000 shares of 8%, $100 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. If Ranier issues 5,000 shares of preferred stock for land with an asking price of $600,000 and a market value of $540,000, which of the following would be the journal entry for Ranier to record? A). Land 540,000 Preferred Stock 540,000 B). Land 540,000 Preferred Stock 500,000 Paid-in Capital Excess of Pa...

ACC 557 Week 10, Chapter 13 (E13-3, E13-4, E13-6, P13-3A) Wiley Plus - Graded 100%.docx

ACC 557 Week 9, Chapter 13 (E13-3, E13-4, E13-6, P13-3A) Wiley Plus - Graded 100%.doc ACC 557 Week 9 Chapter 13 (E13-3, E13-4, E13-6, P13-3A) NEW ACC 557 Week 9 Chapter 13 (E13-3, E13-4, E13-6, P13-3A) E13-3: Tim Latimer Corporation had the following transactions. For each transaction above, prepare the journal entry. ............ E13-4: Bracewell Company reported net income of $195,000 for 2014. Bracewell also reported depreciation expense of $40,000 and a gain of $5,000 on disposal of plant ...

ACC 557 Week 6 Chapter 10 (E10-9, E10-12, E10-15, P10-1A) NEW ACC 557 Week 6 Chapter 10 (E10-9, E10-12, E10-15, P10-1A) E10-9: Global Airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. These two alternatives are: ............ It is estimated that the company will earn $800,000 before interest and taxes as a result of this purchase. The company has an estimated tax rate of 30% and has 90,000 shares of common stock outstanding prior to the new fina...

ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14, P8-7A) Wiley Plus - Graded 100%.doc ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14, P8-7A) NEW ACC 557 Week 5, Chapter 8 (E8-3, E8-5, E8-14, P8-7A) E8-3: The ledger of Elburn Company at the end of the current year shows Accounts Receivable $110,000, Sales Revenue $840,000, and Sales Returns and Allowances $28,000. ............ E8-5: At December 31, 2013, Crawford Company had a balance of $15,000 in Allowance for Doubtful Accounts. During 2014, Crawf...