This pack of ACC 422 Week 1 Discussion Questions contains: DQ1: Which of the following is the most important for an organization to manage: cash‚ receivables‚ or inventory? Defend you answer. DQ2: How can different accounting methods affect an organization’s net income? Talk specifically about estimations of bad debt and inventory. DQ3: Why would a company choose period inventory tracking over perpetual? Which Method is best? General Questions - General General
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This paperwork of ACC 440 Week 3 Discussion Questions shows the solutions to the following problems: DQ1: What are some of the issues we may run into when consolidating financial statements at period end? What types of transactions need to be addressed in a consolidation? DQ2: Why do most parent companies acquire 100 percent ownership of the subsidiary when 51 percent would grant them economic control? What are the economic reasons supporting more than a 51 percent ownership level?
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Decision-Making Process Decision-making can be a complex task to do. Some decision cannot be made within a few second. Therefore‚ to avoid conflict‚ some decision must be throughout. Such as what the decision is‚ who will be involved and how would the decision affect them. Also‚ alternatives should be considered. Implementation of and commitment to the decision is paramount. I had to make a decision to either go back to college or to put college on hold for a few more years for my son. Before
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Problem Set 2: Week Four ACC/300 P12‑1A You are given the following transactions that occurred in the latest fiscal year. Distinguish among operating‚ investing‚ and financing activities. Complete the table‚ indicating whether each item (1) should be reported as an operating (O) activity‚ investing (I) activity‚ financing (F) activity‚ or as a noncash (NC) transaction reported in a separate schedule‚ and (2) represents a cash inflow or cash outflow or has no cash flow effect
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easily be avoided by not thinking your better than everyone else. Everyone is equal whether they like it or not. No one is better than anyone else. It just happens that some people think they are better than other people and so ego conflicts arise. 4. Value conflicts: Value conflicts arise from two different people or groups with different views on something‚ Such as world views. Or a common one is two groups with different views on good and bad. One group may be stricter than the other on what’s
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Assignments from the Readings ACC/400 July 15‚ 2013 Assignments from the Readings Chapter 8‚ Question 3: What are essential features of the allowance method of accounting for bad debt? According to Kimmel‚ Weygandt‚ & Kieso‚2007: 1. Estimated uncollectible accounts receivable: These accounts match them against revenues in the same accounting period. 2. “Record estimated uncollectible as an increase (a debt) to bad debt expense and an increase ( a credit) to Allowance for Doubtful
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University of Phoenix Material Ethical Dilemma Worksheet Incident Review 1. What is the ethical issue or problem? Identify the issue succinctly. The ethical issue is that sending the husband to prison may eventually cause more harm than good which can be very detrimental to him if he is locked up longer than a short period of time. This is mainly due to him having the mental capacity of a 10yr due to because of his imprisonment in Somalia. 2. What are the most important facts? Which facts
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Mgt/230 Week 1 Decision Making Process Paper University of Phoenix People should make decisions every day‚ some of those decisions are easy to make‚ while others are quite difficult to implement. An appropriately combined and organized decision-making process will help to control this issue and bring a positive outcome for those involved. The decision-making process may become challenging for people due to “the lack of structure and entail risk‚ uncertainly and conflict” (Bateman and Snell‚ 2012
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How is a macro utilized within Microsoft® Excel®? Macro is designed for the do-it-yourselfer. The software program is ranked among the most useful tools of Microsoft programs. They took a task that would have been executed manually and made it automatic for many computer tasks. This can be from a simple task of creating spreadsheets or worksheets to a very complex task of exporting journal entries in an Excel program into an accounting package and the creating reports in Word. What makes Macros
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CHAPTER 14 55. Susan Sweets is a 40 percent shareholder in Acclaim Inc.‚ a theatrical supplies company. She transfers a fully depreciated car with a value of $2‚000 to the corporation‚ but does not receive any consideration for it. a. What are the tax consequences to Susan? There no tax consequences for Susan because she didn’t receive anything in return from the corporation. The rule under Code Sec. 351 is mandatory and provides that no gain or loss is recognized upon the transfer of property
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