n a Word document see the rubric for milestone 2 A Explain the implications of

N a word document see the rubric for milestone 2 a

This preview shows page 12 - 20 out of 35 pages.

n a Word document - see the rubric for milestone 2A.Explain the implications of capital leasebased on how it relates to the company’s equipment usageB.Explain how postretirement plans will impact the company financially in the short and long term, uaccounting workbook to support claims. Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired emplrequested that you report the short- and long-term financial implications of this. ·The company is currently employing 60, and actuaries estimate that the company has a pens
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Leases·The estimated cost of retired employees’ health insurance is $43,718.91. ·Prepare adjusting entries for the pension liability and the health insurance liability·Six ovens were rented on December 31, with $20,000 charged to rent expense. The lease runinterest rate of 5%. At the end of the 6 years, Peyton will own them. Make any necessary adjusti
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tries and post to the trial e. using examples from the loyees. Management has sion liability of $107,041.70. HOME
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ns for 6 years with an implicit ting entries.
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Capital LeasesPension payouts
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Southern New Hampshire UniversityACC309 - Intermediate Accounting IIIIMPORTANT NOTE:This page contains new information the must be included in the final project but has not been in milesITEMS TO COMPLETE FOR THIS MILESTONE:GENERALADJUSTING ENTRIESPrepare appropriate adjusting entries for patentPrepare appropriate adjusting entries for capitalization of machine repairADJUSTED TRIAL BALANCEPrepare the adjusted trial balanceREVISED FINANCIAL STATEMENTSPrepare a revised income statement - include comprehensive incomePrepare a revised retained earnings statementPrepare a revised balance sheetEARNINGS PER SHAREDetermine the impact on earnings per share caused by each expansion plan optionINSTRUCTIONS FOR FINAL (Due Week 7)Make sure to completely reviewthe Rubric for Final ProjectIn preparation of the annual audit, prepare appropriate adjusting entries and post to the trial balance wadjusted trial balance and the preliminary 2017 statements (yellow tabs) to prepare revised financial statemCalculate the impact on earnings per share that the expansion options will cause. (Orange tabs)NOTES TO THE FINANCIAL STATEMENTS - Prepare in a Word document - see the rubric for final projectA. Compose appropriate footnotes within a statement of comprehensive income in accordance wstandards, such as GAAP, International Financial Reporting Standards, and SEC, as applicable. MANAGEMENT BRIEF - Prepare in a Word document - see the rubric for final projectI.Evaluate the company’s current performance based on the outcomes of relevant ratio analysis. J.Discuss types of accounting changes encountered and when retrospective and prospective approac
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FINANCIAL INFORMATION FOR THIS MILESTONEStockholder Equity / Earnings per shareOther ItemsK.Predict theimpact of new credit policiesor a change in product or markets based on relevant ratio L.Discuss relevant accounting standardsfor informing the company’s financial reporting strategies.
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