Problem Set I Stephen Collum ACC 300 6/17/2013 Paulette Mack P1-3A On June 1, Beardsley Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets and liabilities of the company at June 30, and the revenues and expenses for the month of June, its first month of operations: |Cash |$ 4,600 |Notes payable
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acct 1511 notes Chapter 6 – Financial Reporting Principles, Accounting Standards and Auditing 6.2 Accounting Principles and the use of Accounting Information Doing accounting takes expert knowledge, considerable experience and continuous attention to new problems and solutions. Concepts and principles are important, as they form logical structure that practising accountants use every day to consider problems to make recommendations GAAP (Generally Accepted Accounting Principles) applied
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AGRICULTURAL EXTENSION SERVICE THE UNIVERSITY OF TENNESSEE INSTITUTE OF AGRICULTURE AE02-52 Nursery Financial Management: Basis for Decisions Charles R. Hall Professor Agricultural Economics E12-4115-00-001-02 The Agricultural Extension Service offers its programs to all eligible persons regardless of race, color, national origin, sex, age, religion, disability or veteran status and is an Equal Opportunity Employer. COOPERATIVE EXTENSION WORK IN AGRICULTURE AND HOME ECONOMICS The University
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Chapter 12: Statement of Cash Flows Problem Condensed financial data used to prepare the Statement of Cash Flows is as follows: ARMA COMPANY Balance Sheet December 31, 2011 Assets: 2011 2010 Acct change Cash $ 90,800 $ 48,400 Accounts receivable 92,800 33,000 Incr $59,800 subtract (-) Inventories 112,500 102,850 Incr $9,650 subtract (-) Prepaid Expenses 28,400 26,000 Incr $2,400 subtract (-) Investments 138,000
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charges a proc fee of 2%. Cash is immediate. On July 31, Co. A collects $500 from Co. B and $800 from Co. C on acct. On July 31, Co. A collects $500 from Co. B and $800 from Co. C on acct. On July 16, Co. A sells $950 of merch on credit to Co. B and $1000 sales of merch on acct to Co. C. On July 16, Co. A sells $950 of merch on credit to Co. B and $1000 sales of merch on acct to Co.
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will also use this text and WileyPlus for ACCT 305. WileyPlus: Learning resources and assessments are located on the WileyPlus website (see www.wileyplus.com). Further instructions as to how to log-in to this site is explained later in this syllabus. As this is an on-line course, it is vital to your success in this course that you make use of the resources on this website from the very first week. D2L: Other learning resources are located on the ACCT 304 Spring 2013 D2L site. These resources
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PRE-REQUISITE COURSES are CIRCLED below (Pre-requisite courses CANNOT be used as electives) ACCT 501 (Acct 221 & 222) Order of Pre-Reqs 3 BA 501 (BA 302) ECO 501 (Eco 231 & 232) FIN 501 (Fin 304) MKT 501 (Mkt 306) MGT 501 (Mgt 305 & 307) 1 5 6 4 2 Pre-requisites met __________ __________ (advisor initial/date) CORE COURSES: Course Number Section Date Grade Comments ACCT 525 BA 578 BA 595 BA 595 to be taken first semester ECO 562 (or ECO 576)
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ACCT 5919 – Fukushima – An Analysis of Risk Management Issues ACCT 5919 – Business Risk Management Fukushima – An Analysis of Risk Management Issues Page 1 of 11 ACCT 5919 – Fukushima – An Analysis of Risk Management Issues 1.0 Executive Summary On 11th March 2011, Japan witnessed the second largest earthquake with a magnitude of 9.0 with its epicentre at Tohoku. The earthquake gave rise to a Tsunami which hit the Fukushima nuclear reactor run by The Tokyo Electric Power Company
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Chapter 17 Process Costing ➢ Process Costing – the method of assigning total cost to many identical or similar units. Each unit receives the same or similar amounts of direct material costs, direct labor costs, and indirect manufacturing costs. Unit costs are computed by dividing total costs incurred by the number of units of output from the production process. The main difference between process costing and job costing is the extend of averaging used to compute unit costs of products
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at year-end, OCI is transferred in AOCI OCI (OCI acct) 74,000 AOCI (B/S Shareholder’s equity acct) 74,000 b. When sold: any difference in CV and proceed (POD-CV) I/S (NI) Cash (POD) 216,000 Land (CV) 215,000 Gain/Loss (I/S) 1,000 AND When sold: any balance in AOCI related to revaluation surplus RETAINED EARNINGS NOT income statement AOCI (B/S SE acct) 74,000 R/E (B/S SE acct) 74,000 So, REend = REbeg + NI – Dividend
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