ACC 309 Final Project Student Workbook.xlsx - Southern New Hampshire University ACC309 Intermediate Accounting III MILESTONE 1(Due in Module 3 MILESTONE

ACC 309 Final Project Student Workbook.xlsx - Southern New...

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Southern New Hampshire UniversityACC309 - Intermediate Accounting III1.1.Prepare adjusting entries for:Unrealized losstax issues2Calculate pension payouts3Prepare adjusting entries for:Capital leasesPension payoutsMILESTONE 1 (Due in Module 3)MILESTONE 2 (Due in Module 5)Calculate capital lease obligationsSee rubric for written portion of milestone 1See rubric for written portion of milestone 2Adjusting entriesCapital LeasesInstructions Milestone 1Instructions Milestone 2PensionsAdjusting entries
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1.Prepare adjusting entries for:Patent Major repair capitalization2Complete adjusted trial balance34FINAL PROJECT (Due in Module 7)Prepare revised financial statementsPrepare a statement of comprehensive income - include on the revised income statementDetermine the impact of expansion options on earnings per shareSee rubric for written portion of the final project
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Southern New Hampshire UniversityACC309 - Intermediate Accounting IIIIMPORTANT NOTE:Use the data from this Milestone and begin working on your final presentation due in Week 7ITEMS TO COMPLETE FOR THIS MILESTONE:GENERALIn preparation of the annual audit, prepare appropriate adjusting entries and post to the trial balaADJUSTING ENTRIESPrepare adjusting entries for unrealized lossPrepare adjusting entries for tax issuesFINANCIAL INFORMATION FOR THIS MILESTONEComprehensive income itemsTax information and implications INSTRUCTIONS FOR MILESTONE 1 (Due Week 3)Make sure to completely reviewthe Rubric for Milestone 1MANAGEMENT BRIEF - Prepare in a Word document - see the rubric for milestone 1A.Identify sources of other comprehensive incomenot included in net income. B.Explainrationale forthe inclusion as comprehensive income(as opposed to net income) of nondisclC.Evaluate impacts of company goals and finances for their implications on stockholder equity, using fiD.Evaluate impacts of company goals and finances for their implications on retained earnings per sharE.Explain the impact of issuing preferred stock or debt for determining changes to equity structures. F.Assess the impact of changes to current tax structurefor articulating changes relevant to the compan·Marketable securities on the balance sheet at a cost of $5,500,000 are available-for-sale·Market value at the balance sheet date is $5,235,000·Prepare the adjusting entry to record the unrealized loss and include in comprehensive inco·$1,500 in meal and entertainment expenses show as a permanent difference for tax. Prepare
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Stockholder Equity See EPS tab.·The company uses straight line depreciation for book and MACRS depreciation for the tax retu·MACRS depreciation was $209,301 higher than book. Prepare the adjusting entry for the def·There have been recent tax structure changes the could impact the company.Peyton Approvbeginning of these changes. Peyton provides for taxes at 25% of pretax income (20% Federal, 5%Peyton Approved prides itself on transparency with shareholders and investors. The company has added t
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