List and briefly define the methods of accounting for

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Intermediate Accounting: Reporting and Analysis
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Chapter 4 / Exercise 4-10
Intermediate Accounting: Reporting and Analysis
Jones/Wahlen
Expert Verified
4.List and briefly define the methods of accounting for investments under SFAS No. 115“Accounting for Certain Investments in Debt and Equity Securities” (FASB ASC 320).
5.Define and discuss the two methods of estimating bad debts on receivables.
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Intermediate Accounting: Reporting and Analysis
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Chapter 4 / Exercise 4-10
Intermediate Accounting: Reporting and Analysis
Jones/Wahlen
Expert Verified
6.Why are cost flow assumptions used to determine inventory valuations? Define and explain the rationale for using each of the cost flow assumptions.
7.Discuss the perpetual vs. the periodic methods of accounting for inventories.
8.Obtain a company’s financial statements and ask the students to compute the following:a.Working capitalb.Current ratioc.Acid test ratiod.Cash flow from operations to current liabilities ratioe.Accounts receivable turnoverf.Inventory turnover

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