Project - Comprehensive Problem
ACC 101 Fall 2016
As of July 1, 2016, Kel El decided to move to rented quarters and to operate a consulting business, which
was to be known as KE Consulting, on a full-
Extra Credit Questions for Exam III
(Due 12/16)
1. (50%). The management and accountants of Hopkins Inc. made the following decision about one
depreciable asset:
Asset A was purchased on January 1, 20
STANLEY PRODUCTS
CREDIT POLICY
Twenty-nine-years old and already the inventor of two. patented products,
Morgan Stanley has unquestioned technical expertise. Stanley grew up in his
dads sealant busine
CHAPTER 13
CURRENT LIABILITIES AND CONTINGENCIES
IFRS questions are available at the end of this chapter.
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CHAPTER 15
STOCKHOLDERS EQUITY
IFRS questions are available at the end of this chapter.
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CHAPTER 22
ACCOUNTING CHANGES AND ERROR ANALYSIS
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CHAPTER 19
ACCOUNTING FOR INCOME TAXES
IFRS questions are available at the end of this chapter.
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CHAPTER 1
FINANCIAL ACCOUNTING AND
ACCOUNTING STANDARDS
IFRS questions are available at the end of this chapter.
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CHAPTER 4
INCOME STATEMENT AND RELATED INFORMATION
IFRS questions are available at the end of this chapter.
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CHAPTER 5
BALANCE SHEET AND STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
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CHAPTER 14
LONG-TERM LIABILITIES
IFRS questions are available at the end of this chapter.
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CHAPTER 12
INTANGIBLE ASSETS
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CHAPTER 3
THE ACCOUNTING INFORMATION SYSTEM
IFRS questions are available at the end of this chapter.
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CHAPTER 18
REVENUE RECOGNITION
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CHAPTER 21
ACCOUNTING FOR LEASES
IFRS questions are available at the end of this chapter.
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CHAPTER 7
CASH AND RECEIVABLES
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CHAPTER 20
ACCOUNTING FOR PENSIONS
AND POSTRETIREMENT BENEFITS
IFRS questions are available at the end of this chapter.
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Descript
CHAPTER 9
INVENTORIES: ADDITIONAL VALUATION ISSUES
IFRS questions are available at the end of this chapter.
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CHAPTER 17
INVESTMENTS
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CHAPTER 6
ACCOUNTING AND THE TIME VALUE OF MONEY
IFRS questions are available at the end of this chapter.
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CHAPTER 10
ACQUISITION AND DISPOSITION OF
PROPERTY, PLANT, AND EQUIPMENT
IFRS questions are available at the end of this chapter.
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CHAPTER 11
DEPRECIATION, IMPAIRMENTS, AND DEPLETION
IFRS questions are available at the end of this chapter.
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CHAPTER 24
FULL DISCLOSURE IN FINANCIAL REPORTING
IFRS questions are available at the end of this chapter.
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CHAPTER 23
STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
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CHAPTER 16
DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
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3
The Accounting
Information System
LEARNING OBJECTIVES
After studying this chapter, you should be able to:
1 Understand the basic accounting
information system.
4 Prepare financial statements
from th
7
Cash and Receivables
LEARNING
LEARNING OBJECTIVES
OBJECTIVES
After studying this chapter, you should be able to:
1 Indicate how to report cash and
related items.
2 Define receivables and
understand
18
Revenue Recognition
LEARNING OBJECTIVES
After studying this chapter, you should be able to:
18-1
1 Understand the fundamental
concepts related to revenue
recognition and measurement.
3 Apply the fi
4
Income Statement and
Related Information
LEARNING
LEARNING OBJECTIVES
OBJECTIVES
After studying this chapter, you should be able to:
1 Understand the uses and
limitations of an income
statement.
2 D
MGMT 340
Comprehensive Review Problems #2
NAME_
total pts: 15
Due: Nov. 7
Problem 1:
The Gadzooks Chip Company offers credit terms to its customers. At the end of 2013,
accounts receivable totaled $2,