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CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Chapter 5 Wileyplus FOR MORE CLASSES VISIT www.acc421mart.com   Keyser Beverage Company reported the following items in the most recent year. Q -2 Ames Company reported 2014 net income of $151,000. During 2014, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash flows from operating activities section of the statement of cash flows. Q -3 Martinez Corporation engaged in the following cash transactions during 2014.

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Chapter 23 wileyplus FOR MORE CLASSES VISIT www.acc421mart.com   Exercise 23-11      Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below Problem 23-6       Comparative balance sheet accounts of Marcus Inc. are presented below. IFRS Multiple Choice Question 06      Which of the following is false with regard to IFRS and the statement of cash flows?

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Final Exam Guide FOR MORE CLASSES VISIT www.acc421mart.com   Question 1 Transactions for Mehta Company for the month of May are presented below. May 1 B.D. Mehta invests $3,054 cash in exchange for common stock of Mehta Company, a small welding corporation. 3 Buys equipment on account for $1,547. Question 2 On July 1, 2012, Crowe Co. pays $19,796 to Zubin Insurance Co. for a 3-year insurance contract.

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 1 Individual Assignment Accounting Cycle Paper (2 Paper) FOR MORE CLASSES VISIT www.acc421mart.com   This Tutorial contains 2 Papers Prepare a 700- to 1,050-word paper explaining the overall accounting cycle at your organization. Include a description of the people, processes, and systems that are integral to the cycle.

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 2 Team Assignment CA1-3, CA 1-14, E3-14, P3-11 FOR MORE CLASSES VISIT www.acc421mart.com   CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. (All answers are in bold type.) 1. GAAP stands for: 2. Accounting standard-setters use the following process in establishing accounting standards:  3. GAAP is comprised of: 4. The authoritative status of the conceptual framework is as follows. 5. The objective of financial reporting places most emphasis on: 6. General-purpose financial statements are prepared primarily for: 7. Economic consequences of accounting standard-setting means:

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 3 Team Assignment P4-4, P18-2, P18-8 FOR MORE CLASSES VISIT www.acc421mart.com   P4-4 (Multiple- and Single-Step Income, Retained Earnings) The following account balances were included in the trial balance of Twain Corporation at June 30, 2014. Using the multiple-step form, prepare an income statement and a retained earnings statement for the year ended June 30, 2014.  Using the single-step form, prepare an income statement and a retained earnings statement for the year ended June 30, 2014.  Problem 18 - 2  Recognition of Profit on Long Term Contract a.) Using the percentage of completion method, compute the estimated gross profit that would be recognized during each year of the construction period

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 4 Individual Assignment Full Disclosure Paper (2 Paper) FOR MORE CLASSES VISIT www.acc421mart.com   This Tutorial contains 2 Different Papers  Disclosure Paper contains: Intermediate Financial Accounting I Individual Full Disclosure Paper Resource: Intermediate Accounting Write a 700-word paper addressing the following: Answer Question 2 in Ch. 24. Explain the need for full disclosure in financial reporting.

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 4 Team Assignment P5-3, CA24-2, P24-2, P24-3 FOR MORE CLASSES VISIT www.acc421mart.com   P5-3 (Balance Sheet Adjustment and Preparation) The adjusted trial balance of Eastwood Company andother related information for the year 2014 are presented as follows. Additional information: 1. The LIFO method of inventory value is used. 2. The cost and fair value of the long-term investments that consist of stocks and bonds is the same. 3. The amount of the Construction in Progress account represents the costs expended to date on a building in the process of construction. (The company rents factory space at the present time.)

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 4 Wileyplus FOR MORE CLASSES VISIT www.acc421mart.com   Question 1     The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: A comparative balance sheet for Shabbona Corporation is presented below. Question 2     A comparative balance sheet for Shabbona Corporation is presented below Question 3     Each of the following items must be considered in preparing a statement of cash flows (indirect method)

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 WEEK 5 INDIVIDUAL ASSIGNMENT STATEMENT OF CASH FLOWS PAPER (2 Papers) FOR MORE CLASSES VISIT www.acc421mart.com   This Tutorial contains 2 Different Papers  Statement of Cash Flows Paper Write a 700-word paper in which you address the following: •Answer Question 1 in Ch. 23 of Intermediate Accounting. •Explain why statements of cash flows are important when assessing the financial strength of an organization.

CJA 234 MART The power of possibility/cja234martdotcom ACC 421MART The power of possibility/acc421martdotcom ACC 421 Week 5 Team Assignment P6-7, P5-7, P23-7, P23-8 FOR MORE CLASSES VISIT www.acc421mart.com   P6-7 (Time Value Concepts Applied to Solve Business Problems) Answer the following questions related to Dubois Inc. (a) Dubois Inc. has $600,000 to invest. The company is trying to decide between two alternative uses ofthe funds. One alternative provides $80,000 at the end of each year for 12 years (b) Dubois Inc. has completed the purchase of new Dell computers. The fair value of the equipment is$824,150.

ACC 421MART The power of possibility/acc421martdotcom