1. AC 501 Innovative Education-- snaptutorial.com

2. AC 501 Unit 1 Homework Assignment For more classes visit www.snaptutorial.com E2-7 (Assumptions, Principles, and Constraints): Presented below are the assumptions, principles, and constraints used in this chapter. Economic entity assumption 5.Historical-cost principle 9. Materiality Going-concern assumption 6.Matching principle 10. Industry practices

3. AC 501 Innovative Education-- snaptutorial.com AC 501 Unit 2 Homework Assignment For more classes visit www.snaptutorial.com E4-4 INSTRUCTIONS Prepare a classified balance sheet in good form (No monetary amounts are necessary) E4-9 INSTRUCTIONS Restate the current assets and liabilities sections of the balance sheet in accordance with good accounting practice. (Assume that both accounts receivable and accounts payable are recorded gross.)

4. AC 501 Innovative Education-- snaptutorial.com AC 501 Unit 3 Homework Assignment For more classes visit www.snaptutorial.com Exercise 7-5 (Recognition of Profit for Long-Term Contracts) Andre Agassi Construction Company began operations January 1, 2008. During the year, Andre Agassi Construction entered into a contract with Lindsey Davenport Corp. to construct a manufacturing facility. At that time, Agassi estimated that it would take 5 years to complete the facility at a total cost of $4,500,000.

5. AC 501 Innovative Education-- snaptutorial.com AC 501 Unit 4 Homework Assignment For more classes visit www.snaptutorial.com E10-12: (Depreciation Computations-SL, SYD, DDB) Montoni Company purchases equipment on January 1, year 1, at a cost of $ 469,000. The asset is expected to have a service life of 12 years and a salvage value of $ 40,000. Instructions Complete the amount of depreciation for each years 1 through 3 using the straight-line depreciation method. Complete the amount of depreciation for each years 1 through 3 using the sum-of-the-years’-digits method.

6. AC 501 Innovative Education-- snaptutorial.com AC 501 Unit 5 Homework Assignment For more classes visit www.snaptutorial.com Exercise 12-7: Exercise 12-18: Exercise 13-8: Exercise 13-22: Exercise 15-6: Exercise 15-22:

7. AC 501 Innovative Education-- snaptutorial.com AC 501 Unit 6 Homework Assignment For more classes visit www.snaptutorial.com E16-1: (Compensated Absences) Zero Mostel Company began operations on January 2, 2008. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate.

8. AC 501 Innovative Education-- snaptutorial.com