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ACC 306 Entire Course (New)  FOR MORE CLASSES VISITwww.acc306aid.comACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6ACC 306 Week 1 QuizACC 306 Week 1 DQ 1 Equity MethodACC 306 Week 1 DQ 1 Accounting PronouncementsACC 306 Week 1 DQ 2 Judgment Case 13-9ACC 306 Week 2 QuizACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing Debt for equity swaps

ACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 (Ash Course)  FOR MORE CLASSES VISITwww.acc306aid.comACC 306 Week 1 Assignment E13-21, E13-22, P12-1, P12-7,P12-10, P12-14, P13-6 (Ash Course)

ACC 306 Week 1 DQ 1 Accounting Pronouncements FOR MORE CLASSES VISITwww.acc306aid.comAccounting Pronouncements. The Financial Accounting Standards Board has issued accounting pronouncements that affect how accounting transactions should be treated. These pronouncements may affect all companies or just specific industries, but no pronouncements have been issued that affect social media companies, like Zynga and Facebook. In the Forbes article, “Social Media's Phony Accounting,” written by Francine

ACC 306 Week 1 DQ 1 Equity Method (Ash Course) FOR MORE CLASSES VISITwww.acc306aid.comP 12–13 -  Miller Properties - Equity method ● LO5 LO6On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company’s 6 million outstanding common shares. Miller’s CEO became a member of Marlon’s board of directors during the first quarter of 2011.

ACC 306 Week 1 DQ 2 Judgment Case 13-9 (Ash Course) FOR MORE CLASSES VISITwww.acc306aid.comACC 306 Week 1 DQ2 Judgment Case 13-9 Judgment Case 13–9 - Valleck Corporation - Loss contingency and full disclosure ● LO5 LO6In the March 2012 meeting of Valleck Corporation’s board of directors, a question arose as to the way a possible obligation should be disclosed in the forthcoming financial statements for the year ended December 31. A veteran board member brought to the meeting a draft of a disclosure note that had been prepared by the controller’s office for inclusion in the annual report. Here is the note:

ACC 306 Week 1 Quiz

 FOR MORE CLASSES VISITwww.acc306aid.comQuestion 1:  Which of the following may create employer liabilities in connection with their payrolls?Question 2:  Current liabilities are normally recorded at the amount expected to be paid rather than at their present value. This practice can be supported by GAAP according to the concept of:Question 3:  The investment category for which the investor's "positive intent and ability to hold" is important is:Question 4:  Which of the following investment securities held by Zoogle Inc. may be classified as held-to-maturity securities in its balance sheet?

ACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3 FOR MORE CLASSES VISITwww.acc306aid.comACC 306 Week 2 Assignment E 14-16, E 14-18, E 15-25, P14-21, P15-3

ACC 306 Week 2 DQ 1 Ethics Case 14-8 Hunt Manufacturing Debt for equity swaps FOR MORE CLASSES VISITwww.acc306aid.comEthics Case 14–8 - Hunt Manufacturing - Debt for equity swaps; have your cake and eat it too ● LO5The cloudy afternoon mirrored the mood of the conference of division managers. Claude Meyer, assistant to the controller for Hunt Manufacturing, wore one of the gloomy faces that were just emerging from the conference room. “Wow, I knew it was bad, but not that bad,” Claude thought to himself. “I don’t look forward to sharing those numbers with shareholders.”

ACC 306 Week 2 DQ 2 Ethics Case 15-4 Leasehold Improvements  FOR MORE CLASSES VISITwww.acc306aid.comEthics Case 15–4 - American Movieplex - Leasehold improvements ● LO3American Movieplex, a large movie theater chain, leases most of its theater facilities. In conjunction with recent operating leases, the company spent $28 million for seats and carpeting. The question being discussed over break- fast on Wednesday morning was the length of the depreciation period for these leasehold improvements. The com- pany controller, Sarah Keene, was surprised by the suggestion of Larry Person, her new assistant.

ACC 306 Week 2 Quiz FOR MORE CLASSES VISITwww.acc306aid.comQuestion 1:  The method used to pay interest depends on whether the bonds are:Question 2:  Bond X and bond Y are both issued by the same company. Each of the bonds has a maturity value of $100,000 and each matures in 10 years. Bond X pays 8% interest while bond Y pays 9% interest. The current market rate of interest is 8%. Which of the following is correct?Question 3:  Which of the following statements characterizes a leveraged lease?

ACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 (Ash Course) FOR MORE CLASSES VISITwww.acc306aid.comACC 306 Week 3 Assignment E 16-24, E 16-25, E 17-10, E 17-19, P 16-7, P 17-16 (Ash Course)

ACC 306 Week 3 Ethics Case 17-6 401(k) plan contributions  FOR MORE CLASSES VISITwww.acc306aid.comEthics Case 17–6 - VXI International - 401(k) plan contributions ● LO1You are in your third year as internal auditor with VXI International, manufacturer of parts and supplies for jet air- craft. VXI began a defined contribution pension plan three years ago. The plan is a so-called 401(k) plan (named after the Tax Code section that specifies the conditions for the favorable

ACC 306 Week 3 Integrating Case 16-5 accounting changes and error correction FOR MORE CLASSES VISITwww.acc306aid.comIntegrating Case 16–5 - Williams-Santana, Inc. - Tax effects of accounting changes and error correction; six situations ● LO1 LO2 LO8Williams-Santana, Inc. is a manufacturer of high-tech industrial parts that was started in 1997 by two talented engineers with little business training. In 2011, the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered.

ACC 306 Week 3 Quiz  FOR MORE CLASSES VISITwww.acc306aid.comQuestion 1:  If a company's deferred tax asset is not reduced by a valuation allowance, the company believes it is more likely than not that:Question 2:  Which of the following statements typifies defined contribution plans?Question 3:  The annual pension expense for what type of pension plan(s) is recorded by a journal entry that includes a debit to pension expense and a credit to the pension asset or pension liability?

ACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash Course) FOR MORE CLASSES VISITwww.acc306aid.comACC 306 Week 4 Assignment E 18-18, E 18-24, E 19-2, E 19-5, E 19-9, E 19-24, P 18-5 (Ash Course)

ACC 306 Week 4 Communication Case 18-10 (Ash Course) FOR MORE CLASSES VISITwww.acc306aid.comCommunication Case 18–10 Should the present two-category distinction between liabilities and equity be retained? Group interaction. ● LO1The current conceptual distinction between liabilities and equity defines liabilities independently of assets and equity, with equity defined as a residual amount.

ACC 306 Week 4 Ethics Case 19-7 International Network Solutions FOR MORE CLASSES VISITwww.acc306aid.comEthics Case 19–7 International Network Solutions ● LO6International Network Solutions provides products and services related to remote access networking. The company has grown rapidly during its first 10 years of operations. As its segment of the industry has begun to mature, though, the fast growth of previous years has begun to slow. In fact, this year revenues and profits are roughly the same as last year.

ACC 306 Week 4 Quiz  FOR MORE CLASSES VISITwww.acc306aid.comQuestion 1:  Which of the following will require a recalculation of weighted-average shares outstanding for all years presented?Question 2:  Which of the following statements is true when dividends are not declared or paid on cumulative preferred stock?Question 3:  When treasury shares are sold at a price above cost:Question 4:  When a property dividend is declared, the reduction in retained earnings is for:

ACC 306 Week 5 Analysis Case 20-10 (Ash Course) FOR MORE CLASSES VISITwww.acc306aid.comAnalysis Case 20–10 - DRS Corporation - Various changes ● LO1 through LO4DRS Corporation changed the way it depreciates its computers from the sum-of-the-year’s-digits method to the straight-line method beginning January 1, 2011. DRS also changed its estimated residual value used in computing depreciation for its office building. At the end of 2011, DRS changed the specific subsidiaries constituting the group of companies for which its consolidated financial statements are prepared.

ACC 306 Week 5 Ethics Case 20-5 Softening the blow FOR MORE CLASSES VISITwww.acc306aid.comEthics Case 20–5 Softening the blow ● LO1 LO2 LO3Late one Thursday afternoon, Joy Martin, a veteran audit manager with a regional CPA firm, was reviewing documents for a long-time client of the firm, AMT Transport. The year-end audit was scheduled to begin Monday.For three months, the economy had been in a down cycle and the transportation industry was particularly hard hit. As a result, Joy expected AMT’s financial results would not be pleasant news to shareholders. However, what Joy saw in the preliminary statements made her sigh aloud. Results were much worse than she feared.

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