In preparation of the annual audit make calculations green tab and prepare

In preparation of the annual audit make calculations

This preview shows page 13 - 20 out of 38 pages.

In preparation of the annual audit, make calculations (green tab) and prepare appropriate adjusting entrworkbook (red tab)MANAGEMENT BRIEF - Prepare in a Word document - see the rubric for milestone 2A.Explain the implications of capital leasebased on how it relates to the company’s equipment usage.B.Explain how postretirement plans will impact the company financially in the short and long term, usaccounting workbook to support claims. Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired emplorequested that you report the short- and long-term financial implications of this.
Background image
Leases·The company is currently employing 60, and actuaries estimate that the company has a pensi·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 runsinterest rate of 5%. At the end of the 6 years, Peyton will own them. Make any necessary adjustin
Background image
ries and post to the trial balance . sing examples from the oyees. Management has HOME
Background image
ion liability of $107,041.70. s for 6 years with an implicit ng entries.
Background image
Capital LeasesPension payouts
Background image
HOME
Background image
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 milestITEMS 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 woadjusted trial balance and the preliminary 2017 statements (yellow tabs) to prepare revised financial statemeCalculate 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.
Background image
Image of page 20

You've reached the end of your free preview.

Want to read all 38 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes