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UCSD - ACCT - 101
Chapter 17E5Job Order: A-62Job Order Costing CardThe Cabinet CompanyCustomer: Thomas Cabinets, Inc,.Job Order Number: A-62Contract Type: CostType of Service: Cabinet MfgDate Started: January 10Date Completed: January 24Prevoius CurrentMonthMo
UCSD - ACCT - 101
UCSD - ACCT - 101
UCSD - ACCT - 101
UCSD - ACCT - 101
Tricia LangowskiE21. How are expenses and dividends similar, and how are they different? Expenses aredecreases in stockholders equity that results from operating a business, while dividendsare increases paid to the stockholders as a reward when the co
UCSD - ACCT - 101
UCSD - ACCT - 101
UCSD - ACCT - 101
UCSD - ACCT - 102
UCSD - ACCT - 102
Chapter4 -1CHAPTER4INCOME STATEMENT ANDINCOMERELATED INFORMATIONRELATEDIntermediateAccounting13thEditionKieso,Weygandt,andWarfieldChapter4 -2Learning Objectives1.Understand theuse and limsitations of an incom state eem nt.2.Pre a sin
UCSD - ACCT - 102
Chapter10-1CHAPTER1010ACQUISITION AND DISPOSITION OFACQUISITIONPROPERTY, PLANT, AND EQUIPMENTPROPERTY,IntermediateAccounting13thEditionKieso,Weygandt,andWarfieldChapter10-2Learning Objectives1.Describe property, plant, and equipment.2.Id
UCSD - ACCT - 102
Chapter9 -1CHAPTER9INVENTORIES:INVENTORIES:ADDITIONAL VALUATION ISSUESADDITIONALIntermediateAccounting13thEditionKieso,Weygandt,andWarfieldChapter9 -2Learning Objectives1.Describeand apply thelower-of-cost-or-m t rulearke.2.Explain wh
UCSD - ACCT - 102
Chapter12-1CHAPTERINTANGIBLE1212ASSETSIntermediateAccounting13thEditionKieso,Weygandt,andWarfieldChapter12-2Learning Objectives1.Describethecharacteristics of intangibleassets.2.Identify thecosts to includein theinitial valuation of in
UCSD - ACCT - 102
Chapter13-1CHAPTER1313CURRENT LIABILITIES ANDCURRENTCONTINGENCIESCONTINGENCIESIntermediateAccounting13thEditionKieso,Weygandt,andWarfieldChapter13-2Learning Objectives1.Describethenature type and valuation of curre liabilitie,,nts.2.
UCSD - ACCT - 102
Name:Exercise:Course:Date:E18-2, Sales Recorded Both Gross and NetOn June 3, Hunt Company sold to Ann Mount merchandise having a sale price of$8,000with terms 2/10, n/60, f.o.b. shipping point. An invoice totaling$120terms n/30, was received by M
UCSD - ACCT - 102
Name:Problem:P18-5, Completed Contract and Percentage ofCompletion with Interim LossCourse:Date:Reynolds Custom Builders (RCB) was established in 1985 by Avery Conway and initially built high-qualitycustomized homes under contract with specific buy
UCSD - ACCT - 102
Question #AnswerPage question found on10TRUEpg 39620TRUEpg 40930Goods that are shipped, but title remains with the shipper50Product costspg 39160FIFO / LIFOThe difference between the LIFO inv. And the amt. used for internal reporting purpo
UCSD - ACCT - 102
Question #4101731My answerFALSETRUEPage foundNot surepg. 700TRUE?The nominal rate ofinterest exceeded themarket rate48All of these are examplespg. 71060Either 623,000or 534,000?62646776or with interestaccrued couldbe$19,70,000
UCSD - ACCT - 102
Question #410My answerFALSETRUE17The nominal rate ofinterest exceeded themarket rate48All of these are examplesNot surepg. 700TRUE31Page found?pg. 710Either 623,000or 534,000?6062646776871127122019,400,0001,568,49855,544?
UCSD - ACCT - 102
Question # Answer1020305060751011061101121131122533498085909910851025334347TRUETRUEGoods that are shipped, but title remains with the shipperProduct costsFIFO / LIFOThe difference between the LIFO inv. and the amt. used fo
UCSD - ACCT - 102
On December 31, 2011, PanTech Company invests $20,000 in SoftPlus, a variable interestentity. In contractual agreements completed on that date, PanTech established itself as the primary beneficiary ofSoftPlus. Previously, PanTech had no interest in Soft
UCSD - ACCT - 102
Chapter 14 - Partnerships: Formation and OperationCHAPTER 14PARTNERSHIPS: FORMATION AND OPERATIONChapter OutlineI.Business organizations that are formed legally as partnerships, although they are notalways as visible as corporations, still prolifera
UCSD - ACCT - 102
Chapter 15 - Partnerships: Termination and LiquidationChapter 15Partnerships: Termination and LiquidationMultiple Choice Questions1. When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to:A. d
UCSD - ACCT - 102
Chapter 15 - Partnerships: Termination and LiquidationCHAPTER 15PARTNERSHIPS: TERMINATION AND LIQUIDATIONChapter OutlineI.The termination of a partnership and liquidation of its property may take place for a numberof reasons.A. The death, withdrawa
UCSD - ACCT - 102
Chapter 16 - Accounting for State and Local Governments, (Part 1)Chapter 16Accounting for State and Local Governments, (Part 1)Multiple Choice Questions1. Which standard issued by the Governmental Accounting Standards Board in 1999 requirestwo distin
UCSD - ACCT - 102
Chapter 17 - Accounting for State and Local Governments (Part Two)CHAPTER 17ACCOUNTING FOR STATE AND LOCAL GOVERNMENTS(PART TWO)Chapter OutlineI.Government entities often obtain property by lease rather than by purchase.A. Leases are recorded as ei
UCSD - ACCT - 102
Chapter 17 - Accounting for State and Local Governments, (Part 2)Chapter 17Accounting for State and Local Governments, (Part 2)Multiple Choice Questions1. For government-wide financial statements, what account is credited when a piece ofequipment is
UCSD - ACCT - 102
Chapter 18 - Accounting and Reporting for Private Not-for-Profit OrganizationsCHAPTER 18ACCOUNTING AND REPORTING FOR PRIVATENOT-FOR-PROFIT ORGANIZATIONSChapter OutlineI.Historically, the financial reporting for private not-for-profit entities has di
UCSD - ACCT - 102
Chapter 18 - Accounting and Reporting for Private Not-for-Profit OrganizationsChapter 18Accounting and Reporting for Private Not-for-Profit OrganizationsMultiple Choice Questions1. Reciprocal transfers where both parties give and receive something of
UCSD - ACCT - 102
Chapter 01 - The Equity Method of Accounting for InvestmentsCHAPTER 01THE EQUITY METHOD OF ACCOUNTING FOR INVESTMENTSUse Goal Seek or Solver under the Tools command to set Cell D20 to zero by chanChapter OutlineI.Three methods are principally used t
UCSD - ACCT - 102
Chapter 1Question #7In January 2010, Wilkinson, Inc., acquired 20 percent of the outstanding common stock of Bremm, Inc., for$700,000. This investment gave Wilkinson the ability to exercise significant influence over Bremm. Bremms assetson that date w
UCSD - ACCT - 102
CHAPTER 01THE EQUITY METHOD OF ACCOUNTING FOR INVESTMENTSCHAPTER OUTLINEI.Three methods are principally used to account for an investment in equity securitiesalong with a fair value option.A. Fair-value method: applied by an investor when only a sma
UCSD - ACCT - 102
Class overviewClass- presentation of concepts and examples, we workproblems in class. Answers to Chapter exercises are on-linein Blackboard.GradingGroup Quizzes 6 @10 points each- no make-ups, I drop 1Excel- 2 excel assignment at 10 points each, do
UCSD - ACCT - 102
Chapter 02 - Consolidation of Financial InformationCHAPTER 02CONSOLIDATION OF FINANCIAL INFORMATIONMajor changes have occurred for financial reporting for business combinations beginning in2009. These changes are documented FASB ASC Topic 805, Busines
UCSD - ACCT - 102
Chapter 03 - ConsolidationsSubsequent to the Date of AcquisitionAnnualCHAPTER 03ExcessCONSOLIDATIONSSUBSEQUENT TOTHE DATE OF ACQUISITIONI.Several factors serve to complicate the consolidation process when it occurs subsequentto the date of acquisi
UCSD - ACCT - 102
CHAPTER 3CONSOLIDATIONSSUBSEQUENT TOTHE DATE OF ACQUISITIONI.Several factors serve to complicate the consolidation process when it occurs subsequent to the date ofacquisition. In all combinations within its own internal records the acquiring company
UCSD - ACCT - 102
Chapter ThreeConsolidations Subsequentto the Date ofAcquisition7/28/11Chapter 3Goodwill ImpairmentConsolidation Entries ( Greater than 50% )EquityPartial EquityCostContingent obligations over timePush down accounting7/28/11Consolidation - T
UCSD - ACCT - 102
Chapter 04 - Consolidated Financial Statements and Outside OwnershipCHAPTER 04CONSOLIDATED FINANCIAL STATEMENTSAND OUTSIDE OWNERSHIPChapter OutlineI.Outside ownership may be present within any business combinationA. Complete ownership of a subsidia
UCSD - ACCT - 102
Chapter 05 - Consolidated Financial StatementsIntra-Entity Asset TransactionsCHAPTER 05CONSOLIDATED FINANCIAL STATEMENTSINTRAENTITY ASSET TRANSACTIONSChapter OutlineI.The transfer of assets between the companies forming a business combination is a co
UCSD - ACCT - 102
Chapter 06 - Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other IssuesCHAPTER 06VARIABLE INTEREST ENTITIES, INTRA-ENTITY DEBT,CONSOLIDATED CASH FLOWS, AND OTHER ISSUESChapter OutlineI.Variable interest entities (VIEs)
UCSD - ACCT - 102
Chapter 08 - Segment and Interim ReportingCHAPTER 08SEGMENT AND INTERIM REPORTINGChapter OutlineI.In the past, consolidation of financial information made the analysis of diversifiedcompanies quite difficult.A. The consolidation process tends to ob
UCSD - ACCT - 102
Chapter 11 - Worldwide Accounting Diversity and International StandardsCHAPTER 11WORLDWIDE ACCOUNTING DIVERSITYAND INTERNATIONAL STANDARDSChapter OutlineI.Accounting and financial reporting rules differ across countries. There are a variety of facto
UCSD - ACCT - 102
Chapter 15 - Partnerships: Termination and LiquidationCHAPTER 15PARTNERSHIPS: TERMINATION AND LIQUIDATIONChapter OutlineI.The termination of a partnership and liquidation of its property may take place for a numberof reasons.A. The death, withdrawa
UCSD - ACCT - 102
Chapter 16 - Accounting for State and Local Governments (Part 1)CHAPTER 16ACCOUNTING FOR STATE AND LOCAL GOVERNMENTS(PART 1)Chapter OutlineI.State and local government units produce two complete and distinct sets of financialstatements which are pr
UCSD - ACCT - 102
Chapter 17 - Accounting for State and Local Governments (Part 2)CHAPTER 17ACCOUNTING FOR STATE AND LOCAL GOVERNMENTS(PART 2)Chapter OutlineI.Government entities often obtain property by lease rather than by purchase.A. Leases are recorded as either
UCSD - ACCT - 102
Chapter 18 - Accounting and Reporting for Private Not-for-Profit OrganizationsCHAPTER 18ACCOUNTING AND REPORTING FOR PRIVATENOT-FOR-PROFIT ORGANIZATIONSChapter OutlineI. Historically, the financial reporting for private notforprofit entities has diff
UCSD - ACCT - 102
Chapter 3Goodwill Impairment-SFAS No. 142 calls for an annual test of impairment for GoodwillStep 1Compare fair value of REPORTING UNIT to carrying value of theREPORTING UNIT. If the FV<CV go to step 2Step 2-Compare fair value of GOODWILL to carrying
UCSD - ACCT - 102
Chapter ThreeConsolidations Subsequentto the Date ofAcquisition7/28/11Chapter 3Goodwill ImpairmentConsolidation Entries ( Greater than 50% )EquityPartial EquityCostContingent obligations over timePush down accounting7/28/11Consolidation - T
UCSD - ACCT - 102
Chapter 1Question #7In January 2010, Wilkinson, Inc., acquired 20 percent of the outstanding common stock of Bremm, Inc., for$700,000. This investment gave Wilkinson the ability to exercise significant influence over Bremm. Bremms assetson that date w
UCSD - ACCT - 102
PATRICIA LANGOWSKI3/15/11 7:03 PMFinal ExamNeeds GradingGrade not available.1 hours, 48 minutes, and 32 seconds out of 2 hours and 0 minutes allow You will have up to 2 hours to complete this exam. The exam is made up of 34 multiple choice and true
UCSD - ACCT - 102
PATRICIA LANGOWSKI3/15/11 7:03 PMFinal ExamNeeds GradingGrade not available.1 hours, 48 minutes, and 32 seconds out of 2 hours and 0 minutes allow You will have up to 2 hours to complete this exam. The exam is made up of 34 multiple choice and true
UCSD - ACCT - 102
McCullough's General StoreGroup Case AssignmentYear End - Dec. 31, 2010: Audit work performed - February 15 - March 15, 2011Use the applicable audit procedures and the proper work paper documentation to complete therequirements below. Use only the inf
UCSD - ACCT - 102
AuditPlanningUnderstandingtheClient,AssessingRiskKnowledge of the Business - This AAS deals with the definition of theknowledge of the business, its importance to the auditor and the audit staff, its relevance to theaudit; and how the auditor obtains a
UCSD - ACCT - 102
STANDARD FORM TO CONFIRM ACCOUNTBALANCE INFORMATION WITH FINANCIAL INSTITUTIONSORIGINALTo be mailed to accountantMcCullough's General StoreCUSTOMER NAMEWe have provided to our accountants the following information as ofthe close of business onDece
UCSD - ACCT - 102
Security National Bank1000 Wilshire BlvdLos Angeles, CA 90017-3562McCulloughs General Store123 Mainly StreetRamona, CA 92066SavingsAccount#133-8765OpeningBalance,11/30/2010$72,000.00Deposits/Transfers InChecksPaid/Transfers Out13,000.00
UCSD - ACCT - 102
Security National Bank1000 Wilshire BlvdLos Angeles, CA 90017-3562McCulloughs General Store123 Mainly StreetRamona, CA 92066SavingsAccount#133-8765OpeningBalance,11/30/2010$72,000.00Deposits/Transfers InChecksPaid/Transfers Out13,000.00
UCSD - ACCT - 102
McCulloughs General Store123 Mainly StreetRamona, CA 92066(760) 321-7654February 1, 2011Tims Bar & Grill3040 Mainly StreetRamona, CA 92066Gentlemen:Our auditors, Certified Public Accountants, are conducting an audit of our financial statements. P
UCSD - ACCT - 102
Chapter 09 - Audit SamplingCHAPTER 1The Role of thePublic Accountant in theAmerican EconomyReview Questions1-1The crisis of credibility largely arose from the number of companies that restated their previouslyissued financial statements as a resul
UCSD - ACCT - 102
Chapter 01 - The Role of the Public Accountant in the American EconomyCHAPTER 1The Role of thePublic Accountant in theAmerican EconomyReview Questions1-1The crisis of credibility largely arose from the number of companies that restated their previo
UCSD - ACCT - 102
Chapter1Homework1.1 ThecrisisofcredibilityhappenedbecausepriortotheSarbanesOxleyActof2002themostsignificantlegislativeactwasin19331934withtheSecurities&Exchange(SEC)becauseofthedevelopmentoftheStockMarketwhichincreasedearningpotentialandthusalsoincre
UCSD - ACCT - 102
AuditingChapter 3Homework3-1What is meant by the term ethical dilemma? Describe an ethical dilemma that youhave faced. This is a situation that an individual faces involving a decision aboutappropriate behavior where it can effect a large number of