ACCT 551 (NEW)
ACCT 551 Course Project (Notes to Financial Statement) (2 Project) NEW This Tutorial contains 2 Different Course Project ACCT 551 Course Project (Notes to Financial Statement) ..
ACCT 551 Final Exam Set 1 NEW Question 1. (TCO C) Which characteristic is not possessed by intangible assets? Physical existence Short-lived Result in future benefits Expensed..
ACCT 551 Final Exam Set 2 NEW Question 1. 1. (TCO C) Which characteristic is not possessed by intangible assets? (Points : 5) Physical existence Short-lived Result in future benefits ..
ACCT 551 Midterm Exam Set 1 NEW Question 1. (TCO C) The major problem of accounting for intangibles is determining fair market value. separability. salvage value. useful life..
ACCT 551 Midterm Exam Set 2 NEW Question 1. (TCO C) The major problem of accounting for intangibles is determining Question 2. Question : (TCO C) Wriglee, Inc. went to court this year and successfully defended its patent from infringement by a competitor. The cost of this defense..
ACCT 551 Week 1 Discussion BE12-2, BE12-3, BE12-7, BE12-6, BE 12-12, Ex 12-15 NEW BE12-2 makes us learn that if any legal cost is incurred to defend an intangible assets it should be added to the book value of intangible asset and depreciated over its remaining useful life. ..
ACCT 551 Week 1 Homework E12-5, E12-16 NEW E12-5 (Correct Intangible Assets Account) As the recently appointed auditor for William J. Bryan Corporation, you have been asked to examine selected accounts before the 6-month financial statements of June 30, 2014, are prepared. The controller for Will..
ACCT 551 Week 2 Homework E13-11, E13-12, P13-9 NEW E13-11 (Warranties) Sheryl Crow Equipment Company sold 500 Rollomatics during 2014 at $6,000 each. During 2014, Crow spent $20,000 servicing the 2-year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. &n..
ACCT 551 Week 3 Homework P14-5, P14-6, P14-7 NEW P14-5 (Comprehensive Bond Problem) In each of the following independent cases the company closes its books on December 31. P14-6 (Issuance of Bonds between Interest Dates, Straight-Line, Redemption) Presented below are P14-7 (Entr..
ACCT 551 Week 4 Homework E15-2, E15-5, E15-6 NEW EXERCISE 15-2 Facts: Kathleen Battle Corporation was organized on January 1, 2014. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $1 per share. ..
ACCT 551 Week 5 Homework E15-15, E15-16 NEW E15-15 (Dividend Entries) The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2013. (a) A 5% stock dividend is declared and distributed at a time when the market price per share is $39. (b) The par va..
ACCT 551 Week 6 Homework E16-6, E16-7, E16-12, E16-22 NEW E16-6 (Conversion of Bonds) On January 1, 2014, Gottlieb Corporation issued $4,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be conv..
ACCT 551 Week 7 Homework E17-7, E17-9, E17-15 NEW E17-7 (Trading Securities Entries) On December 21, 2013, Bucky Katt Company provided you with the following information regarding its trading securities. E17-9 (Available-for-Sale Securities Entries and Financial Statement Presentation) A..
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