Recognizing Differences - Week 4 Kevin A. Froy XACC/291 February 19‚ 2014 Shontell Chrisman Recognizing Differences - Week 4 According to Weygandt‚ Kimmel‚ and Kieso (2010)‚ in accounting valuation means a company is establishing a value‚ or estimating a value of an item. The resources can be assessed as an asset or a liability. Bonds are an example of a liability‚ and stocks‚ patents‚ and trademarks are assets. To get an accurate valuation‚ one has to determine the dependability of the
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ACCOUNTING/291 Capital Expenditure vs Revenue Expenditure Carlos Flannigan XACC/291 Instructor: Tameka Johnson October2 ‚2014 Expenditures are unavoidable for any company to exist in the competitive market‚ to expand the business or to find new opportunities to open up beneficial business in those areas‚ etc. Expenditure is defined as payments of cash or cash equivalent for goods or services‚ or a charge against
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Ratio‚ Vertical‚ and Horizontal Analyses XACC/280 May 8‚ 2012 Analyzing financial statements can help a company find out important financial information about itself and other competitors in the industry. There are three important tools that evaluate a company’s liquidity‚ profitability‚ and solvency. This information is relative to banks‚ creditors‚ and for internal gain. There are three commonly used tools to help investigate and generate the results using
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Financial Statements XACC/290 January 12‚ 2014 Melissa Drayton Financial Statements There are four basic financial statements: balance sheet‚ income statement‚ retained earnings statement‚ and statement of cash flows. These financial statements would include an overview of the assets‚ liabilities‚ expenses‚ and revenues of the business. Financial statements are useful not only to internal user; such as managers and employees‚ but also to external users; such as investors and creditors to
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XACC/291 – Week 4 Assignment Complete Exercises E10-6‚ E10-8‚ & E10-18. And Problems 10-3A & 10-6A. E10-6 Payroll Tax Expense $352.16 FICA Taxes Payable 198.40 Federal Unemployment Taxes Payable 19.84 State Unemployment Taxes Payable 133.92 (To Record Payable Taxes for the week) E10-8 1. True 2. True 3. False 4. True 5. False 6. False 7. True 8. True 9
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Exercise 1 XXXXX XACC/290 August XX‚ 2014 XXXXXX E3-4 Describe each transaction. 1. The company issued shares of stock to stockholders’ equity increased for the month. 2. The company purchased equipment for $1‚000 cash and $4‚000 on account. 3. The company purchased supplies for $750 cash. 4. The company receives $4‚100 in cash revenue and $5‚400 in accounts receivable. 5. The company paid $1‚500 cash for accounts payable. 6. The company paid a $2‚000 dividend
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com/terms/h/horizontalanalysis.asp#axzz1z91O1lS9 University of Phoenix. (2008). Appendix A- Specimen financial statements: PepsiCo‚ Inc. Retrieved from University of Phoenix‚ XACC 280 - Accounting Concepts and Principles website. University of Phoenix. (2008). Appendix B- Specimen financial statements: The Coca-Cola Company. Retrieved from University of Phoenix‚ XACC 280 - Accounting Concepts and Principles website.
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Ratio‚ Vertical‚ and Horizontal Analyses Checkpoint Ashlee Kasica XACC/280 March 2‚ 2013 Brandi Zuber Financial statement analysis is the process of examining relationships among financial statement elements and making comparisons with relevant information. There are a variety of tools used to evaluate significance of financial statement data. Three of the most commonly used tools are the ratio analysis‚ horizontal analysis‚ and vertical analysis (Weygandt‚ J. J.‚ Kimmel
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Financial Reporting Problem Part 1 Mark R. Mitchell XACC/290 August 10‚ 2014 Jeanette Butler Financial Reporting Problem Part 1 In the light of this week’s assignment of analyzing an annual report for a publicly traded company I decided to use the company now work for which is the spinoff company from the merger of international papers Xpedx division and Unisource; the new company name is Veritiv. Veritiv’s total assets for this accounting period are $1‚215 million dollars (Morningstar
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Financial Reporting (Problem Part 2) Mark R. Mitchell XACC/290 August 31‚ 2014 Jeanette Butler Financial Reporting (Problem Part 2) While doing my analysis of the financial statement for the company Veritiv‚ I find that the company assets are listed in the proper order; that being the most readily converted to cash first. The order for Veritiv balance sheet is cash and equivalents‚ followed by receivables‚ then inventories‚ and other current assets. The next item listed is other current
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