ACC 291 Week 3
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ACC 291 Week 3
Individual Assignment Week Three
Resources: Ch. 10 of Financial Accounting.
Complete Exercise E10-6, E10-8, & E10-18.
Complete Problem 10-3A & 10-6A.
Submit utilizing the Microsoft Excel template provided in the Course Materials forum.
Discussion Questions
What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?
Why is preferred stock referred to as preferred? What are some of the features added to preferred stock that make it more attractive to investors? Would you select preferred stock or common stock as an investment? Why?
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