This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: 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. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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Balance Sheet Notes Preparation and Discussion Odette A. Aquino Pérez‚ Desireé González And Edwin Reyes ACC 545 February 19‚ 2015 Prof. Rafael Marrero‚ PhD‚ MBA‚ CPA Footnotes Preparation and Discussion This week paper requires our team to prepare three notes to the balance sheet and income statement. Also‚ request us to discuss why footnotes are useful and important to financial statements. Below we have included the requested footnotes (prepared based on our experience working with a CPA Firm
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made through a broker‚ and the trade occurred on the NYSE. This is an example of D. Secondary market transaction 2. CORRECT Which of the following statements is CORRECT? E. Capital market instruments include both long-term debt and common stocks 3. Talbot Enterprises recently reported an EBITDA of $9.0 million and net income of $2.7 million. It had $3.24 million of interest expense‚ and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Enter your answer in
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P9-7A The intangible assets section of Redeker Company at December 31‚ 2011‚ is presented below. Patent ($70‚000 cost less $7‚000 amortization) $63‚000 Franchise ($48‚000 cost less $19‚200 amortization) 28‚800 * Total $91‚800 * The patent was acquired in January 2011 and has a useful life of 10 years. The franchise was acquired in January 2008 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2012. Jan. 2 Paid $45‚000
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Exercises & Problems Week Six Robert A. Dan XACC/291 January 26‚ 2014 Christopher Phillips Exercises & Problems Week Six E11-15 Before After Stock Dividend After Stock Split Shareholders’ assets Paid-in capital Ordinary shares In excess of par value Total paid-in capital Saved earnings Total shareholders’ assets 600‚000 0 600‚000 900‚000 1‚500‚000 630‚000 12‚000 642‚000 858‚000 1‚500‚000 600‚000
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This work ACC 407 Week 3 Assignment comprises: Consolidation Problems Business - Accounting Consolidation Problems. Complete P5-38 As part of your homework submission‚ be sure to show your work not just the final answer. Partial credit is awarded for your effort as well as accuracy. Showing your work demonstrates your understanding of the concept even if the final answer is incorrect. Make sure you schedule dedicated study time every day. Even though you may find other things
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There have been several concepts learned and discussed that will be beneficial to persons holding positions in the accounting field. Some skills required to be successful are; differentiating between accrual-basis and cash-basis accounting‚ detailing what creating adjusting entries entails‚ and the logistics of preparing an adjusted trial balance. These two methods are somewhat alike but do have a couple differences. Both methods have been tested and proven to be effective ways for companies to
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pair cabling is a type of wiring in which two conductors are twisted. 3. Shielded twisted pair – Twisted pair cabling is a type of wiring in which two conductors are twisted 4. Fiber optic cable – a cable made of optical fibers that can transmit large amounts of information at the speed of light. 5. Dark fiber – Dark fiber or unlit fiber is unused optical fibers available for use in fiber optic communications. 6. Coaxial cable – a transmission medium used for high frequency signals.
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Cheryl Vance 08/22/14 MA 3110 Linear Correlation 1. Listed below are baseball team statistics‚ consisting of the proportions of wins and the result of this difference: Difference (number of runs scored) - (number of runs allowed). The statistics are from a recent year‚ and the teams are NY—Yankees‚ Toronto‚ Boston‚ Cleveland‚ Texas‚ Houston‚ San Francisco‚ and Kansas City. 2. Difference 163 55 -5 88 51 16 -214 Wins 0.599 0.537 0.531 0.481 0.494 0.506 0.383 Construct a scatter plot‚ find the
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This work contains ACC 306 Week 5 Exercise 20-18 Classifying accounting changes Business - Accounting Week 5 Required Readings a. Chapter 20: Accounting Changes and Error Corrections b. Chapter 21: The Statement of Cash Flows Revisited Discussions 1. 1st Posting Due by Day 3. Ethical Dilemma. From Chapter 20 complete Ethics Case 20-5 and post the answers to the discussion board by Day 3. 2. 1st Posting Due by Day 3. Where’s the Cash? From Chapter 21 complete
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