This document contains summaries of assignments for an advanced accounting course over 12 weeks. It includes practice problems covering various accounting topics like consolidation, foreign currency translation, and hedging. For each week, students are instructed to complete problems from their textbook and upload their work. The problems involve calculating earnings per share, preparing consolidated financial statements, translating financial statements to different currencies, and analyzing the impact of various hedging strategies. Students are provided templates and guidance for showing their work. The document aims to provide accounting students individual practice on advanced concepts through problem sets each week.
For more classes visit
www.snaptutorial.com
Purpose of Assignment
This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability.
For more course tutorials visit
www.tutorialrank.com
• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government not-for-profit organizations.
• What are the primary sources of funding for the organization? How are the revenues classified? Be sure to include dollar amounts.
For more course tutorials visit
www.tutorialrank.com
• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government
BUS 401 Imagine Your Future/newtonhelp.com bellflower30
For more course tutorials visit
www.newtonhelp.com
BUS 401 Week 1 DQ 1 Corporate Income Tax and Real Interest Rates
BUS 401 Week 1 DQ 2 Cash Flow and Ratio Analysis
BUS 401 Week 1 Assignment Ratio Analysis
For more classes visit
www.snaptutorial.com
Purpose of Assignment
This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company’s liquidity, solvency, and profitability.
For more course tutorials visit
www.tutorialrank.com
• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government not-for-profit organizations.
• What are the primary sources of funding for the organization? How are the revenues classified? Be sure to include dollar amounts.
For more course tutorials visit
www.tutorialrank.com
• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government
BUS 401 Imagine Your Future/newtonhelp.com bellflower30
For more course tutorials visit
www.newtonhelp.com
BUS 401 Week 1 DQ 1 Corporate Income Tax and Real Interest Rates
BUS 401 Week 1 DQ 2 Cash Flow and Ratio Analysis
BUS 401 Week 1 Assignment Ratio Analysis
BUS 401 Effective Communication / snaptutorial.comBaileyai
For more classes visit
www.snaptutorial.com
BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm
BUS 401 Week 1 DQ 2 Financial Statements
BUS 401 Week 1 Financial Management Challenges and Ethics
BUS 401 Week 2 DQ 1 Dreams Do Come True
Bus 401 Education Organization / snaptutorial.comBaileya124
For more classes visit
www.snaptutorial.com
BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm
BUS 401 Week 1 DQ 2 Financial Statements
BUS 401 Week 1 Financial Management Challenges and Ethics
BUS 401 Week 2 DQ 1 Dreams Do Come True
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
You are not required to submit this assignment to Turnitin.
Acct 504 mart perfect education acct504mart.comwilliamtrumpya
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc.,
Differentiating Depreciation Methods
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
Bus 401 Enhance teaching / snaptutorial.comHarrisGeorg49
BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm
BUS 401 Week 1 DQ 2 Financial Statements
BUS 401 Week 1 Financial Management Challenges and Ethics
BUS 401 Week 2 DQ 1 Dreams Do Come True
BUS 401 Week 2 DQ 2 Investing in Bonds
BUS 401 Week 2 Journal Present and Future Values, and Expected Returns
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
All accounting instructionsWeek 2SEC 10K Assignment The Bal.docxnettletondevon
All accounting instructions
Week 2/SEC 10K Assignment The Balance Sheet and Credit Risk Analysis
Credit risk encompasses a company’s ability to meet its obligations as they arise as well as a long-run ability to pay its debt. A company may be profitable but yet face bankruptcy if it is unable to pay its liabilities on time. Companies with large amounts of debt have greater credit risk because of an increased vulnerability to increases in interest rates and declines in profitability.
In this assignment, you will answer questions about your company’s classified balance sheet and conduct a ratio analysis to evaluate the company’s liquidity and solvency. A financial ratio expresses the relationship of one amount to another and enables analysts to quickly assess a company’s financial strength, profitability, or other aspects of its financial activities.
Requirements
In the first section, define liabilities and describe how liabilities are classified as current and long-term (give examples). Also define liquidity and solvency as it relates to the company’s debt-paying ability. What does your company call its ‘Balance Sheet’?
In the second section, define working capital, the current ratio, and the debt ratio, three frequently used ratios to assess credit risk (described in LEO’s online text or any principles of accounting text). Identify which are a measure of liquidity and which are a measure of solvency. Indicate how the ratio is interpreted. Is an increasing or decreasing ratio a favorable trend? Conduct online research to provide a ratio level (or range) that is considered acceptable for the current and debt ratio (technically, working capital is not a ratio so an average isn’t meaningful). If you can find information on acceptable ranges for the current ratio and debt ratio for your company’s industry, include that in your discussion. Numbers and ratios are more meaningful when considered relative to a benchmark. Benchmarks can be the company’s past performance, a similar company’s performance, an industry average, or a rule-of- thumb. For instance, for decades, a current ratio of 2 to 1 was considered satisfactory.
In the third section, prepare a table giving the dollar amount of current and long-term liabilities for the most recent year and the previous year. Either in the same table or a new table report the results of a ratio analysis. Calculate working capital, current ratio, and the debt ratio for the current year and the past year (show your calculations). Indicate whether the ratios are improving or deteriorating. If you find a relevant benchmark (industry average or rule-of-thumb), comment on your company’s performance relative to the benchmark.
Finally, in the fourth section briefly summarize results of any or all of the following: 1) an internet search for articles on recent events that may affect your company’s debt paying ability, 2) an internet search for financial analysts’ assessment of the company’s credit risk and or.
For more classes visit
www.snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
a. Determine Rossi's total assets as of December 31.
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
Financial Reporting – 3rd Marking Period .docxAKHIL969626
Financial Reporting – 3rd Marking Period
The Balance Sheet (200 pts.)
Name ________________________________________________________
Due Monday, April 3rd (five points off for each late day). This assignment must be typed & printed.
This assignment focuses on your company’s balance sheet. It will be broken into two sections: Current Assets & Current Liabilities and Long-term Assets. Upon completion, you should understand your company’s holdings of current assets and current liabilities and how well your company manages them. You will also have reviewed and evaluated decisions which your company’s management has made regarding long-term assets.
Section 1: Current Assets and Current Liabilities
Briefly describe the properties of current assets: _______________________________________________________________
_______________________________________________________________________________________________________________________
Briefly describe the properties of current liabilities: ____________________________________________________________
_______________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________
A) Identify the changes in current asset and current liability accounts that occurred during the most recent accounting period. Blank spaces have been provided for you to write in any additional items that appear on your company’s balance sheet.
Current Assets
Amount on most recent Balance Sheet
Amount at end of prior year
Net Change in Dollars
Net Change in Percent (difference / previous year #)
Cash & Cash Equivalents
Temporary Assets (short-term investments, marketable securities, etc.)
Accounts Receivable, net
Other Receivables, net
Inventories
Total Current Assets
These two numbers should match what is on the B/S
Current Liabilities
Amount on most recent Balance Sheet
Amount at end of prior year
Net Change in Dollars
Net Change in Percent (difference / previous year #)
Accounts Payable
Other Payables
Accounts Payable, net
Accrued Salaries & Wages
Deferred Tax Liabilities
Accrued Interest
Current maturities of long-term debt
Other: (tell me what they are)
Total Current Liabilities
These two numbers should match what is on the B/S
What significant changes (in amount or percentage) occurred during the most recent year among the current assets and current liabilities? Are any of the changes troubling? Are there any that you would want to investigate further if you were an owner or creditor of your firm? Discuss.
___________________________________________________________________________________________________________________________________
B) Effective management of receivables is c ...
For more classes visit
www.snaptutorial.com
This Tutorial contains 2 Set of Papers for each Assignment (DQ – 1Set Only)
ACC 281 Week 1 DQ 1 Basic Accounting Equation
ACC 281 Week 1 DQ 2 Why is accounting needed
For more classes visit
www.snaptutorial.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders.3 Purchased supplies, $3,000, and equipment, $5,200, on account.4 Performed services for a client and received
For more classes visit
www.snaptutorial.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:
To calculate a company's average tax rate an analyst would
The accumulated benefit obligation measures
The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
BUS 401 Effective Communication / snaptutorial.comBaileyai
For more classes visit
www.snaptutorial.com
BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm
BUS 401 Week 1 DQ 2 Financial Statements
BUS 401 Week 1 Financial Management Challenges and Ethics
BUS 401 Week 2 DQ 1 Dreams Do Come True
Bus 401 Education Organization / snaptutorial.comBaileya124
For more classes visit
www.snaptutorial.com
BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm
BUS 401 Week 1 DQ 2 Financial Statements
BUS 401 Week 1 Financial Management Challenges and Ethics
BUS 401 Week 2 DQ 1 Dreams Do Come True
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
You are not required to submit this assignment to Turnitin.
Acct 504 mart perfect education acct504mart.comwilliamtrumpya
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc.,
Differentiating Depreciation Methods
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
Bus 401 Enhance teaching / snaptutorial.comHarrisGeorg49
BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm
BUS 401 Week 1 DQ 2 Financial Statements
BUS 401 Week 1 Financial Management Challenges and Ethics
BUS 401 Week 2 DQ 1 Dreams Do Come True
BUS 401 Week 2 DQ 2 Investing in Bonds
BUS 401 Week 2 Journal Present and Future Values, and Expected Returns
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
All accounting instructionsWeek 2SEC 10K Assignment The Bal.docxnettletondevon
All accounting instructions
Week 2/SEC 10K Assignment The Balance Sheet and Credit Risk Analysis
Credit risk encompasses a company’s ability to meet its obligations as they arise as well as a long-run ability to pay its debt. A company may be profitable but yet face bankruptcy if it is unable to pay its liabilities on time. Companies with large amounts of debt have greater credit risk because of an increased vulnerability to increases in interest rates and declines in profitability.
In this assignment, you will answer questions about your company’s classified balance sheet and conduct a ratio analysis to evaluate the company’s liquidity and solvency. A financial ratio expresses the relationship of one amount to another and enables analysts to quickly assess a company’s financial strength, profitability, or other aspects of its financial activities.
Requirements
In the first section, define liabilities and describe how liabilities are classified as current and long-term (give examples). Also define liquidity and solvency as it relates to the company’s debt-paying ability. What does your company call its ‘Balance Sheet’?
In the second section, define working capital, the current ratio, and the debt ratio, three frequently used ratios to assess credit risk (described in LEO’s online text or any principles of accounting text). Identify which are a measure of liquidity and which are a measure of solvency. Indicate how the ratio is interpreted. Is an increasing or decreasing ratio a favorable trend? Conduct online research to provide a ratio level (or range) that is considered acceptable for the current and debt ratio (technically, working capital is not a ratio so an average isn’t meaningful). If you can find information on acceptable ranges for the current ratio and debt ratio for your company’s industry, include that in your discussion. Numbers and ratios are more meaningful when considered relative to a benchmark. Benchmarks can be the company’s past performance, a similar company’s performance, an industry average, or a rule-of- thumb. For instance, for decades, a current ratio of 2 to 1 was considered satisfactory.
In the third section, prepare a table giving the dollar amount of current and long-term liabilities for the most recent year and the previous year. Either in the same table or a new table report the results of a ratio analysis. Calculate working capital, current ratio, and the debt ratio for the current year and the past year (show your calculations). Indicate whether the ratios are improving or deteriorating. If you find a relevant benchmark (industry average or rule-of-thumb), comment on your company’s performance relative to the benchmark.
Finally, in the fourth section briefly summarize results of any or all of the following: 1) an internet search for articles on recent events that may affect your company’s debt paying ability, 2) an internet search for financial analysts’ assessment of the company’s credit risk and or.
For more classes visit
www.snaptutorial.com
Exercises 2.
Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3:
a. Determine Rossi's total assets as of December 31.
For more classes visit
www.snaptutorial.com
AMP 415 Module 1 Assignment
Using Excel, prepare a classified balance sheet and multistep income statement using the Adjusted Trial Balance for ABC Corporation as of and for the year ended December 31, 2010.
Financial Reporting – 3rd Marking Period .docxAKHIL969626
Financial Reporting – 3rd Marking Period
The Balance Sheet (200 pts.)
Name ________________________________________________________
Due Monday, April 3rd (five points off for each late day). This assignment must be typed & printed.
This assignment focuses on your company’s balance sheet. It will be broken into two sections: Current Assets & Current Liabilities and Long-term Assets. Upon completion, you should understand your company’s holdings of current assets and current liabilities and how well your company manages them. You will also have reviewed and evaluated decisions which your company’s management has made regarding long-term assets.
Section 1: Current Assets and Current Liabilities
Briefly describe the properties of current assets: _______________________________________________________________
_______________________________________________________________________________________________________________________
Briefly describe the properties of current liabilities: ____________________________________________________________
_______________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________
A) Identify the changes in current asset and current liability accounts that occurred during the most recent accounting period. Blank spaces have been provided for you to write in any additional items that appear on your company’s balance sheet.
Current Assets
Amount on most recent Balance Sheet
Amount at end of prior year
Net Change in Dollars
Net Change in Percent (difference / previous year #)
Cash & Cash Equivalents
Temporary Assets (short-term investments, marketable securities, etc.)
Accounts Receivable, net
Other Receivables, net
Inventories
Total Current Assets
These two numbers should match what is on the B/S
Current Liabilities
Amount on most recent Balance Sheet
Amount at end of prior year
Net Change in Dollars
Net Change in Percent (difference / previous year #)
Accounts Payable
Other Payables
Accounts Payable, net
Accrued Salaries & Wages
Deferred Tax Liabilities
Accrued Interest
Current maturities of long-term debt
Other: (tell me what they are)
Total Current Liabilities
These two numbers should match what is on the B/S
What significant changes (in amount or percentage) occurred during the most recent year among the current assets and current liabilities? Are any of the changes troubling? Are there any that you would want to investigate further if you were an owner or creditor of your firm? Discuss.
___________________________________________________________________________________________________________________________________
B) Effective management of receivables is c ...
For more classes visit
www.snaptutorial.com
This Tutorial contains 2 Set of Papers for each Assignment (DQ – 1Set Only)
ACC 281 Week 1 DQ 1 Basic Accounting Equation
ACC 281 Week 1 DQ 2 Why is accounting needed
For more classes visit
www.snaptutorial.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders.3 Purchased supplies, $3,000, and equipment, $5,200, on account.4 Performed services for a client and received
For more classes visit
www.snaptutorial.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:
To calculate a company's average tax rate an analyst would
The accumulated benefit obligation measures
The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms
Similar to ACG 4201 Technology levels--snaptutorial.com (20)
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
1. ACG 4201 Week 1 Individual Work
For more classes visit
www.snaptutorial.com
Problem 1-7 page 47
**********************************************************
ACG 4201 Week 2 Individual Work
For more classes visit
www.snaptutorial.com
Does the price asked seem to be a real bargain?
Consider the fair value of the entire equity of Al’s Hardware; then
decided if the price is reasonable a 60% interest.
2. If the deal were completed, what accounting methods would you
recommend either on the books of Al’s Hardware or in the consolidation
process? Al’s Hardware would remain a separate legal entity with a
substantial noncontroling interest.
What if Great Value Hardware Stores was less concerned about being
associated with statements that were not accurate and felt strongly about
closing the deal for non-financial reasons?
How would you proceed?
**********************************************************
ACG 4201 Week 3 Individual Work
For more classes visit
www.snaptutorial.com
Problem 3-2
Problem 3-3
**********************************************************
3. ACG 4201 Week 4 Individual Work 1
For more classes visit
www.snaptutorial.com
Problem 3-2
Problem 3-3
**********************************************************
ACG 4201 Week 4 Individual Work 2
For more classes visit
www.snaptutorial.com
Problem 3-2
Problem 3-3
5. Case 5-3: Alternative Ways to Transfer Asset to Subsidiary
The Case has four parts to complete. Part 1is to do journal entries to
record the sale of the equipment in the books of Pannier and purchase of
the equipment in the books of Jodestar. These are the same journal
entries you did in your Introductory accounting class. The accounts to
use are Sales, Notes Receivable, Cost of Goods Sold, and Inventory.
There are three entries (note that a debit and a credit is considered one
entry); two in the books of Pannier and one in the books of Jodestar.
Part 2 is to prepare a consolidated Income Statement and a consolidated
balance sheet. Note that the sale or purchase of the equipment is not
included in the trial balances. Use the templates provided. Check figures
for net income provided and the balance sheet total are provided. Note
that the ownership of Pannier of Jodestar is 80%.
Part 3 is to complete journal entries assuming a sales-type lease.
Accounts to use are Minimum Lease Payments Receivable, Inventory,
Cash, Unearned Interest Income, Sales-Type profit on Lease, Asset
Under Capital Lease, and Obligation Under Capital Lease. There is one
compound entry of five accounts (two debits and three credits) in the
books of Pannier and one entry of three accounts (one debit and two
credits) in the books of Jodestar. All these accounts and entries are
illustrated in the book.
6. Part 4 is This is to simply indicate whether or not there will be a
difference in the consolidated
statements assuming a sales-type capital lease instead of intercompany
purchase/sale of
the equipment.
**********************************************************
ACG 4201 Week 7 Individual Work
For more classes visit
www.snaptutorial.com
The objective for this paper is to explain what I have learned about from
our class discussion, learning activities, and our readings of Chapter 6 in
our text, Advanced Accounting. It will show my personal understanding
through analyzing and explaining in my own words, and sited sources,
my analysis of the concepts that we have learned. In this assignment, we
were to use what you have learned in this course and from prior financial
accounting courses to calculate earnings per share for a consolidated
firm. The guidelines for this assignment are as follows:
7. Complete Problem 6-4 on page 366 of Advanced Accounting to
calculate basic and diluted consolidated earnings per share.
Complete Problem 6-6 on page 367 of Advanced Accounting to prepare
a consolidated worksheet for taxation, simple equity, inventory, and
land.
**********************************************************
ACG 4201 Week 9 Individual Work 1
For more classes visit
www.snaptutorial.com
Problem 8-6
**********************************************************
ACG 4201 Week 9 Individual Work 2
8. For more classes visit
www.snaptutorial.com
Problem 8-4
**********************************************************
ACG 4201 Week 10 Individual Work
For more classes visit
www.snaptutorial.com
Problem M-3
This requires you to analyze the impact on earnings on three hedged
relationships – Futures Contract, Forward Contract, and Option. A clear
understanding of how each of these hedging instruments “works”.
Below are templates and a few of the answers. For example: For the
“Futures Contract To Sell” on March 31 is $600, calculated by
multiplying 10,000 units (number of units per contract) by the difference
between the futures price per unit ($3.50) as of February 28 and the
9. Futures price per unit as of March 31 ($3.44). Note that the $600 is a
gain since the seller can buy the commodity at $3.44 per unit on March
31 and sells it at a committed price of $3.50 per unit. However, the net
impact of earnings will be the difference between this gain ($600) and
the $500 ([$3.45 - $3.40] x 10,000) decline in the value of the inventory.
Thus, the seller without hedging with the futures contract, the seller
would have lost $500, and had gained $100 by hedging with the futures
contract.
**********************************************************
ACG 4201 Week 11 Individual Work
For more classes visit
www.snaptutorial.com
IMPORTANT: To understand and do this work correctly and
adequately, you MUST review and understand chapter 11 in its entirety,
including the examples, illustrations, journal entries, and
REFLECTIONS. Also, you should review Week 11 Learning Activities
practice problems. Specifically, you should review and understand the
section “Basic Translation Process: Functional Currency to Reporting
Currency” starting on page 612 of the book.
10. Problem 11-3 is divided into two parts. Part 1 is to translate Sorenson
Company’s (the subsidiary) trial into the USD. Part 2 is to prepare the
consolidated financial statements of Pueblo Company and Sorenson
Company. Use the templates provided below. Templates for (A) and (D)
in the worksheet are provided after the “consolidation” template. Note
that these templates MUST be completed before the “consolidation”
template.
Part 1 – Note that the exchange rate as of December 31, 2018 is used to
translate the balance sheet items and the 2018 Average is used to
translate income statement items. For Retained Earnings, use the “Note
A” template after the trial balance. Note that income is translated at the
average exchange rate. Also, note that the total of Sorenson’s trial
balance in dollars should be zero, just as it is in FC.
**********************************************************
ACG 4201 Week 12 Individual Work
For more classes visit
www.snaptutorial.com
IMPORTANT: To understand and do this work correctly and
adequately, you MUST review and understand chapter 11 in its entirety,
11. including the examples, illustrations, journal entries, and
REFLECTIONS. Also, you should review Week 11 Learning Activities
practice problems. Specifically, you should review and understand the
section “Basic Translation Process: Functional Currency to Reporting
Currency” starting on page 612 of the book.
Problem 11-3 is divided into two parts. Part 1 is to translate Sorenson
Company’s (the subsidiary) trial into the USD. Part 2 is to prepare the
consolidated financial statements of Pueblo Company and Sorenson
Company. Use the templates provided below. Templates for (A) and (D)
in the worksheet are provided after the “consolidation” template. Note
that these templates MUST be completed before the “consolidation”
template.
Part 1 – Note that the exchange rate as of December 31, 2018 is used to
translate the balance sheet items and the 2018 Average is used to
translate income statement items. For Retained Earnings, use the “Note
A” template after the trial balance. Note that income is translated at the
average exchange rate. Also, note that the total of Sorenson’s trial
balance in dollars should be zero, just as it is in FC.
**********************************************************
