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ACC 423 Entire Course ACC 423 Week 1 Discussion Question 1 ACC 423 Week 1 Discussion Question 2 ACC 423 Week 1 DQ (New) ACC 423 Week 1 Individual Assignment Owners Equity Paper ACC 423 Week 2 Discussion Question 1 ACC 423 Week 2 Discussion Question 2 ACC 423 Week 2 Team Assignment (Concepts for Analysis CA16

ACC 423 Final Exam Guide 1 Question 1 Buttercup Corporation issued 250 shares of $11 par value common stock for $4,125. Prepare Buttercup’ journal entry. Question 2 Wilco Corporation has the following account balances at December 31, 2012.Common stock, $5 par value $511,670Treasury stock 95,260Retained earnings 2,400,840Paid-in capital in excess of par 1,320,150Prepare Wilco’s December 31, 2012, stockholders’ equity section Question 3 Woolford Inc. declared a cash dividend of $1.38 per share on its 2.22 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare the journal entries necessary on those three dates. Question 4 The outstanding capital stock of Pennington Corporation consists of 3,100 shares of $109 par value, 6% preferred, and 5,700 shares of $52 par value common.Assuming that the company has retained earnings of $83,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive

ACC 423 Final Exam Guide 2 1) When the cash proceeds from a bond issued with detachable stock warrants exceed the sum of the par value of the bonds and the fair market value of the warrants, the excess should be credited to A. premium on bonds payable. B. retained earnings. C. a liability account. D. additional paid-in capital from stock warrants. 2) The conversion of preferred stock may be recorded by the A. par value method. B. book value method. C. market value method. D.

ACC 423 Week 1 Discussion Question 1 Why do companies offer stock options? What is the experience of either your organization or an organization that you are familiar with when it comes to stock option compensation? Should stock option compensation be included as an expense when calculating an organization’s net income? Explain why or why not. If so, how should the amount of expense be calculated?

ACC 423 Week 1 Discussion Question 2 What are the differences between basic and diluted earnings per share? What are the differences between the numerator and the denominator in the basic and diluted earnings per share calculations?

ACC 423 Week 1 DQ (New) Why do companies offer stock options? Should stock-option compensation be included as an expense when calculating an organization's net income? Explain why or why not. if so, how should the amount of expense be calculated?

ACC 423 Week 1 Individual Assignment Owners Equity Paper Resources: Intermediate Accounting and Electronic Reserve Readings Prepare a 700- to 1,050-word response to the following questions: · Why is it important to keep paid-in capital separate from earned capital?

ACC 423 Week 1 Summary Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Distinguish between paid-in and earned capital.

ACC 423 Week 2 Discussion Question 1 What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Explain whether or not derivatives are a good investment. What experience do you have with either traditional or derivative instruments in your organization or an organization that you are familiar with?

ACC 423 Week 2 Discussion Question 2 Why do companies make investments in other companies? What are the differences between debt and equity investments? What is the experience of either your organization or an organization that you are familiar with when it comes to debt and/or equity investments? What would influence a company to choose equity or debt as an investment?

ACC 423 Week 2 DQ (New) What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Are derivatives a good investment? Explain why or why not. Why do companies make investments in other companies? What are the differences between debt and equity investments? What would influence a company to choose equity or debt as an investment?

ACC 423 Week 2 Individual WileyPLUS Assignment E15-13 (a,b), P15-1, E16-20, P16-7 Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: · Ch.15: Excercise E15-13 (a&b) and Problem P15-1 Ch.16: Exercise E16-20 and Problem P16-7

ACC 423 Week 2 Learning Team Assignment P15-3, P16-6, P16-8 And CA16-4 Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: · Ch. 15: Problem P15-3

ACC 423 Week 2 Learning Team Reflection Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Distinguish between paid-in and earned capital. Record journal entries related to common, preferred, and treasury stock. Record journal entries related to the various types of dividends. Calculate basic and diluted earnings per share (EPS).

ACC 423 Week 2 Team Assignment (Concepts for Analysis CA16-4) (New) Prepare written responses to the following assignments from Ch. 16 ofIntermediate Accounting: Concepts for Analysis CA16-4 Click the Assignment Files tab to submit your assignment

ACC 423 Week 3 Discussion Question 1 Why are there differences between taxable and financial income? What are some examples of permanent and temporary differences? Why do these differences exist? How do they affect the financial statements?

ACC 423 Week 3 Discussion Question 2 How are the tax benefits of net operating losses (NOL) disclosed on financial statements? Which is more beneficial to an organization, an NOL carryforward or an NOL carryback?

ACC 423 Week 3 DQ (New) Why are there between taxable and financial income? What are some example of payment and temporary differences? Why do these differences exist? How do they affect financial statements.”

ACC 423 Week 3 Individual WileyPLUS Assignment Exercise E17-7, E17-12, Problem P17-3 And P17-8 (a c) Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch. 17: Exercises E17-7 & E17-12 and Problems P17-3 & P17-8 (a&c)

ACC 423 Week 3 Learning Team Assignment from the Text (CA 17-1)(New) Prepare written responses to the following assignments from Ch. 17 of Intermediate Accounting: Concepts for Analysis CA17-1

ACC 423 Week 3 Learning Team Assignment P17 -1 And P Resource: Intermediate Accounting Prepare written responses to the following assignments from the text: Ch.17: Problems P17-1 & P17-9

ACC 423 Week 3 Learning Team Reflection Discuss the objectives for Week Two. How do they relate to the practice of accounting and its uses in business? Distinguish between debt and equity investments. Classify securities as available-for-sale, held-to-maturity, or trading. Determine when to use the fair value and equity methods of accounting for investments. Prepare journal entries for investments using the fair value and the equity method. Distinguish between traditional and derivative financial instruments.

ACC 423 Week 4 Discussion Question 1 What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, explain why you would rather have a defined contribution plan or a defined benefit plan?

ACC 423 Week 4 Discussion Question 2 What are the components of pension expense? How do the components of pension expense differ among the various types of contribution and benefit plans? How is the interest rate determined?

ACC 423 Week 4 DQ (New) What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have defined contribution plan or a defined benefit plan? Explain your answer. As an employer, would you rather offer a defined contribution plan or a defined benefit plan? Explain answer.

ACC 423 Week 4 Learning Team Reflection Discuss the objectives for Week Three. How do they relate to the practice of accounting and its uses in business? Differentiate between temporary and permanent differences. Calculate current and deferred tax assets and liabilities.

ACC 423 Week 5 DQ (New) What is a change in accounting principle? How do you determinate if a change in principle should be reported retroactively, currently or prospectively? How do these changes affect financial statements? Why do accountants make errors? What types of errors may occur? Why is it necessary to correct them? Whit are the ramifications of not correcting errors? What are some examples of counterbalancing errors?

ACC 423 Week 5 Learning Team Reflection Discuss the objectives for Week Four and Five. How do they relate to the practice of accounting and its uses in business? Differentiate between a defined contribution and a benefit plan. Determine the components of pension expense. Calculate pension liability and expense. Prepare journal entries associated with changes in accounting principles, reporting entities, and estimates. Prepare journal entries associated with changes due to errors

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