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Question 1: Which of the following may create employer liabilities in connection with their payrolls? Question 2: Current liabilities are normally recorded at the amount expected to be paid rather than at their present value. This practice can be supported by GAAP according to the concept of: Qu..
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Accounting Pronouncements. The Financial Accounting Standards Board has issued accounting pronouncements that affect how accounting transactions should be treated. These pronouncements may affect all companies or just specific industries, but no pronouncements have been issued that affect social med..
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Question 1: The method used to pay interest depends on whether the bonds are: Question 2: Bond X and bond Y are both issued by the same company. Each of the bonds has a maturity value of $100,000 and each matures in 10 years. Bond X pays 8% interest while bond Y pays 9% interest. The current mark..
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ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3..
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Question 1: If a company's deferred tax asset is not reduced by a valuation allowance, the company believes it is more likely than not that: Question 2: Which of the following statements typifies defined contribution plans? Question 3: The annual pension expense for what type of pension plan(s)..
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Question 1: Which of the following will require a recalculation of weighted-average shares outstanding for all years presented? Question 2: Which of the following statements is true when dividends are not declared or paid on cumulative preferred stock? Question 3: When treasury shares are sold ..
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ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ACC 306 Week 1 Quiz ACC 306 Week 1 DQ 1 Equity Method ACC 306 Week 1 DQ 1 Accounting Pronouncements ACC 306 Week 1 DQ 2 Judgment Case 13-9 ACC 306 Week 2 Quiz ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing..
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ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 ..
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P 12–13 -  Miller Properties - Equity method ● LO5 LO6 On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. Miller’s CEO became a member of Marlon’s board of directors during the first quarter of 2011. Th..
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ACC 306 Week 1 DQ2 Judgment Case 13-9  Judgment Case 13–9 - Valleck Corporation - Loss contingency and full disclosure ● LO5 LO6 In the March 2012 meeting of Valleck Corporation’s board of directors, a question arose as to the way a possible obligation should be disclosed in the fort..
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Ethics Case 14–8 - Hunt Manufacturing - Debt for equity swaps; have your cake and eat it too ● LO5 The cloudy afternoon mirrored the mood of the conference of division managers. Claude Meyer, assistant to the controller for Hunt Manufacturing, wore one of the gloomy faces that were just emerg..
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Ethics Case 15–4 - American Movieplex - Leasehold improvements ● LO3 American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting. The question being discussed over br..
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ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 ..
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Ethics Case 17–6 - VXI International - 401(k) plan contributions ● LO1 You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet air- craft. VXI began a defined contribution pension plan three years ago. The plan is a so-called 401(k) pl..
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Integrating Case 16–5 - Williams-Santana, Inc. - Tax effects of accounting changes and error correction; six situations ● LO1 LO2 LO8 Williams-Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 1997 by two talented engineers with little business training. In 201..
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Communication Case 18–10 Should the present two-category distinction between liabilities and equity be retained? Group interaction. ● LO1 The current conceptual distinction between liabilities and equity defines liabilities independently of assets and equity, with equity defined as a residual..
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Ethics Case 19–7 International Network Solutions ● LO6 International Network Solutions provides products and services related to remote access networking. The company has grown rapidly during its first 10 years of operations. As its segment of the industry has begun to mature, though, the fas..
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ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 ..
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Analysis Case 20–10 - DRS Corporation - Various changes ● LO1 through LO4 DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computin..
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Ethics Case 20–5 Softening the blow ● LO1 LO2 LO3 Late one Thursday afternoon, Joy Martin, a veteran audit manager with a regional CPA firm, was reviewing documents for a long-time client of the firm, AMT Transport. The year-end audit was scheduled to begin Monday. For three months, the e..

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