ACC 280 Week 5 Chap. 7(Quest.)
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Chapter 7 Questions
(a) What are generally accepted accounting principles (GAAP)? (b) What bodies provide authoritative support for GAAP?
What elements comprise the FASBs conceptual...
ACC 280 Week 5 Assignment Ethics Case (BYP8 6)
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Ethics Case
BYP8-6
You are the assistance controller in charge of general ledger accounting at Riverside Bottling Company. Your company has a large loan from an insurance...
ACC 280 Week 4 DQ 3 (Why is it Important to Report Discontinued Operations )
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DQ-3
Why is it important to report discontinued operations or extraordinary items separately from income from continuing operations? Does the average investor understand the...
ACC 280 Week 4 DQ 1 (Differences Between Vertical and Horizontal Analysis)
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DQ-1
What are the differences between vertical and horizontal analysis? Which method would external users most likely use? How about internal users? Discuss the uses of the two...
ACC 280 Week 3 Individual Assignment; Exercises E3 7 and E3 8)
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FA, Chap3 Exercise E3-7:
Adjusting Entries for March 31
Date
Account Title
Debit
Credit
March 31
Depreciation Expense
Accumulated Depreciation-Equip.
1200
1200
March 31
Rent Revenue...
ACC 280 Week 3 Individual Assignment Chapter Questions 2, 3, 4, and 8
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FA, Chap3 Question 2: State two generally accepted accounting relate to adjusting the accounts.
Two generally accepted accounting principles that relate...
ACC 280 Week 3 DQ 4 (What are Reversing Entries)
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DQ 4
What are reversing entries? Why are reversing entries needed? What would be the impact if not made? What are the pros and cons of using reversing entries? What types of...
ACC 280 Week 3 DQ 3 (Why Does GAAP Require All Statements)
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DQ 3
In order of importance, list the statements. Why did you rank the statements in the order you did? (This is different than just choosing one to be most importantlike last week.)...
ACC 280 Week 3 DQ 2 (Impact on the Financial Statements of Missing a Step )
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DQ 2
What is the impact on the financial statements of missing a step when completing the accounting cycle? Is a mistake on the income statement more damaging than a mistake on the...
ACC 280 Week 3 DQ 1 (Steps in Completing the Accounting Cycle)
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DQ 1
What are the steps in completing the accounting cycle? Discuss the relationship between the amounts on the Adjusted Trial Balance for an account and its ledger? Discuss the...
ACC 280 Week 2 DQ 3 (When is the Trial Balance Prepared)
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DQ 3
Please post your response to the following discussion question by clicking on Reply.
When is the trial balance prepared? What is the purpose of preparing a trial balance? What...
ACC 280 Week 2 DQ 1 (Four Different Adjusting Entries)
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DQ 1
What are the four different adjusting entries? What accounting assumptions necessitate the use of adjusting entries? What accounts are subject to adjusting journal entries? What...