Homework – Week 4 Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 Chapter 7: Problems 7-29(a-g) and 7-33(a-b) Chapter 8: Problems 8-29(a-d) and 8-32(a-b) 7-29 A-G A- Recorded amount of entries in the acquisition journal 1- Documentation--consists of the client’s business documents used to support accounting events. The strength of documentation is that it is prevalent and available at a low cost. Documents can be internal or externally
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subsidiary company. …. LT Investment in Balance Sheet 2. Timberland. ……………………………………..… PPE in Balance Sheet 3. Cost of engineering activity required to advance the design of a product to the manufacturing stage. …………R& D Expense in Income Statement 4. Lease prepayment (6 months’ rent paid in advance). …………………………………………………. Prepaid Rent in Balance Sheet 5. Cost of equipment obtained. …………………………………….. PPE in Balance Sheet 6. Cost of searching for applications of new research findings. ……………………………………
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Chapter 15 Leases AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools‚ departments‚ and faculty may approach assessment and its documentation differently‚ one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor‚ we have labeled each question‚ exercise‚ and problem in Intermediate Accounting‚ 7e‚ with the following AACSB learning skills: Questions
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Questions 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 27 3‚ 8‚ 9 1‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15 17‚ 18‚ 24 19‚ 20‚ 21 Brief Exercises 1‚ 2‚ 3 Exercises 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 25‚ 26 7‚ 8‚ 9‚ 10‚ 29 11‚ 12‚ 13‚ 14‚ 15 1‚ 2‚ 3 Problems Concepts for Analysis 1 2. 3. 4‚ 5 6‚ 7‚ 8 1‚ 3 2‚ 4 4. 5. 15 12‚ 13‚ 14 23‚ 24‚ 25‚ 26‚ 27‚ 28 29 10‚ 11 9‚ 15 20‚ 21‚ 22‚ 23‚ 24‚ 25‚ 27‚ 28‚ 29 29 4‚ 6‚ 7‚ 8 16‚ 17‚ 18‚ 19‚ 22 4‚ 5‚ 6‚ 7‚8 6 5‚ 7 6. 7. 8. 9. 22‚ 23 16‚ 17 24‚ 25 26‚ 28 1‚ 5‚ 7 5‚ 6‚ 7 4‚ 5 10. 11.
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On-line marketing research surveys are becoming more common. What are the pros and cons of using the Web to conduct a focus group? How does the statistical validity and reliability of a quantitative on-line survey compare with the validity and reliability of a telephone survey? Responses are to be shared with the class for discussion. The on-line marketing research surveys are made of respondents with access to personal computer and web browsers based on research specifications. The respondents
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Intermediate Accounting Project Issue 1(FASB ASC 230-10-50) Some transactions are part cash and noncash; only the cash portion shall be reported in the statement of cash flows. Non-cash activities are reported in the footnotes of the cash flow statement or reported parenthetically MEMO: After researching the proper treatment of this transaction in relation to cash flows‚ I found the following information: • The cash flow statement includes only inflows and outflows of cash and cash equivalents;
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cost. c. private driveways and parking lots. d. assumption of any liens or mortgages on the property. 27. If a corporation purchases land and building and subsequently tears down the building and uses the property as a parking lot‚ the proper accounting treatment of the cost of the building would depend on a. the significance of the cost allocated to the building in relation to the
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Chapter 2 Lab Intermediate Accounting I (a) The president of Gonzales‚ Inc. used his expense account to purchase a new Suburban solely for personal use. Miscellaneous Expense 29‚000 Cash 29‚000 This in inappropriate based on the economic entity assumption. Economic Entity Assumption states that the economic activity can be identified with a particular unit of accountability. In other words‚ a company
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Practice Exam – 10 Points ACC/490 Auditing Student Name: Multiple Choice – Highlight the best answer Point Value: .25 each 1. Which one of the following is among the three components of audit risk? a. incurrence risk b. occurrence risk c. rejection risk d. control risk 2. The Hochfelder Case is important because it limited auditor liability under: a. the 1933 Securities Act. b. the 1934 Securities Exchange Act. c. common law. d. RICO. 3. Which of the following
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This pack includes ISCOM 305 Week 4 Summary Business - General Business Employee Data Collection Training Presentation Inventory Management Challenge Presentation Business Process Improvement Paper Operational Components Presentation Final Exam Participation Discussion Questions Learning Team Peer Review Learning Team (30%) Points Due PEMC Consulting: Customer Needs 5 W2 D6 PEMC Consulting: Operational Performance 5 W3 D6 PEMC
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