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8/17/2019 ACC 290 GENIUS EDUCATION EXPERT / acc290genius.com

1/34

ACC 290 Week 3/4 Learning Team Financial Reporting

Problem, Part 1 !!2 "i##erent Paper$!!%&e'%

FOR MORE CLASSES VISIT

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Financial Reporting Problem Part I Browse the Internet to acquire a

copy of the most recent annual report for a publicly traded company.

Analyze the information contained in the company’s balance sheet

and income statement to answer the following questions !hat are the

company’s total assets at the end of its most recent annual reporting

period" !hy is this important" !hat are the total assets at the end of

the pre#ious annual reporting period" $ow much cash and cashequi#alents did the company ha#e at the end of its most recent annual

reporting period" !hat amount of accounts payable did the company

ha#e at the end of its most recent annual reporting period" !hat

amount of accounts payable did the company ha#e at the end of the

pre#ious annual reporting period" !hat are the company’s net

re#enues for the last three annual reporting periods" !hat is the

change in dollars in the company’s net income from its most recentannual reporting period to the pre#ious annual reporting period" !hat

are the company’s total current assets at the end of its most recent

annual reporting period" !hat are the total current assets at the end of

the pre#ious annual reporting period" !hat in the information abo#e

would be important to a potential in#estor% employee% and so on"

&ummarize the analysis in a '%()(*'%+(( word paper in a ,icrosoft-

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!ord document. Include a copy of the company’s balance sheet and

income statement. Format your paper consistent with APA guidelines.

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ACC 290 Final *+am )i-e &e'%



ACC 290 Finals Question 1 Jackson Company recorded the following

cash transactions for the year !aid "1#$%000 for salaries& !aid

"'0%000 to purchase office e(uipment& !aid "1$%000 for utilities& !aid

"'%000 in di)idends& Collected "2$%000 from customers& Question 2

+hich of the following descri,es the classification and normal

,alance of the -nearned .ent .e)enue account/ Question # !osting

Question he following is selected information from Corporation

for the fiscal year ending cto,er #1% 201& Cash recei)ed from

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customers "#00%000 .e)enue earned #90%000 Cash paid for e3penses

140%000 Cash paid for computers on 5o)em,er 1% 201# that will ,e

used for # years 6%000 73penses incurred including any depreciation

21'%000 Question $ a 8ore Company had the following transactionsduring 201#& :ales of "%$00 on account Collected "2%000 for

ser)ices to ,e performed in 201 !aid "1%#2$ cash in salaries

!urchased airline tickets for "2$0 in ;ecem,er for a trip to take

place in 201 Question ' +hich one of the following is not a


4/34

Clim,ers Company has the following in)entory data July 1

eginning in)entory 20 units at "19 "#60 4 !urchases 40 units at "20

1%00 22 !urchases 10 units at "22 220 "2%000 A physical count of

merchandise in)entory on July #0 re)eals that there are #2 units onhand& -sing the F?F in)entory method% the amount allocated to cost

of goods sold for July is Question 1 Jenks Company de)eloped the

following information a,out its in)entories in applying the lower of

cost or market @C8 ,asis in )aluing in)entories !roduct Cost

8arket A "$4%000 "'0%000 0%000 #6%000 C 60%000 61%000

Question 1$ 5ilson Company gathered the following reconciling

information in preparing its August ,ank reconciliation Cash,alance per ,ooks% 6#1 "21%000 ;eposits in transit 900 5otes

recei)a,le and interest collected ,y ,ank $%100 ank charge for check

printing 120 utstanding checks 12%000 5:F check 1%020 Question

1' +hich of the following is not a ,asic principle of cash

management/ Question 14 -se the following data to determine the

total dollar amount of assets to ,e classified as property% plant% and

e(uipment& 7ddy Auto :upplies alance :heet ;ecem,er #1% 201Cash "6%000 Accounts paya,le "110%000 Accounts recei)a,le 60%000

:alaries and wages paya,le 20%000 ?n)entory 10%000 8ortgage

paya,le 160%000 !repaid insurance '0%000 otal lia,ilities "#10%000

Question 16 Accounting information is rele)ant to ,usiness decisions

,ecause it Question 19 Goward Company had a transaction that

caused a "$%000 increase in ,oth assets and total lia,ilities& his

transaction could ha)e ,een a@n Question 20 Can financial statements ,e prepared directly from the ad


5/34

"#$%400 for F?F and "29%00 for ?F& he ta3 rate is #0H& he

,onus rate is 20H& Gow much higher is the managerIs ,onus if F?F

is adopted instead of ?F/ Question 2' Classic Floors has the

following in)entory data July 1 eginning in)entory 1$ units at"'&00 $ !urchases '0 units at "'&'0 1 :ale 0 units 21 !urchases #0

units at "4&20 #0 :ale 26 units Assuming that a perpetual in)entory

system is used% what is the cost of goods sold on a ?F ,asis for

July/ Question 24 Classic Floors has the following in)entory data

July 1 eginning in)entory 1$ units at "'&00 $ !urchases '0 units at

"'&'0 1 :ale 0 units 21 !urchases #0 units at "4&20 #0 :ale 26

units Assuming that a perpetual in)entory system is used% what is the)alue of ending in)entory on a ?F ,asis for July/ Question 26

+hich of the following is not one of the main factors that contri,ute

to fraudulent acti)ity/ Question 29 +hat is the rationale for the

internal control principle% segregation of duties/ Question #0 -nder

?F.:

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ACC 290 Week 1 "i$c)$$ion .)e$tion 1


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6/34


A /0( !ee1 2ne * 34 5' !hat are the four basic financial

statements" !hat is the primary purpose of each of the four basic

financial statements" In your opinion% which financial statement is the

most important" 67plain why. $ow would the financial statements be

useful to managers and employees" $ow would the financial

statements be useful to in#estors and creditors"

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7/34

!hat are debits and credits" $ow are debits and credits used to record

business transactions" !hy do accountants debit asset accounts to

increase them but credit liability accounts to increase them" !hy do

accountants debit e7penses to increase them but credit re#enues to

increase them"

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ACC 290 Week 1 n-ii-)al A$$ignment Financial

tatement$ Paper



Indi#idual * Financial &tatements Paper * Prepare a 8(( *'%()( word

paper in which you identify the four basic financial statements.

3escribe the purpose of each of the four financial statements. 3iscuss

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8/34

how the financial statements would be useful to internal users% such as

to managers and employees. 3iscuss how the financial statements

would be useful to e7ternal users% such as in#estors and creditors.

Format paper according to APA standards.

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ACC 290 Week 1 Practice .)i&e'%



4uestion ' urrent assets are e7pected to be con#erted to cash or

consumed within the ne7t year or the normal operating cycle%

whiche#er is longer. urrent assets are economic resources that are

e7pected to be con#erted to cash or used up by the business within

one year or the normal operating cycle% whiche#er is shorter. 4uestion

/ 9and or a building which is currently not used in operation is

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9/34

considered to be a long*term in#estment. A company purchased a tract

of land on which it e7pects to build a production plant on in

appro7imately fi#e years. 3uring the fi#e years before construction%

the land will be idle. In what classification should the land bereported" 4uestion : ommon stoc1 and retained earnings are both

elements of stoc1holders’ equity. ommon stoc1 of ;)(%((( plus

retained earnings of ;8(%((( equals ;'/(%((( in stoc1holders’ equity.

urrent liabilities are ;'(%(((% long*term liabilities are ;/(%(((%

common stoc1 is ;)(%(((% and retained earnings totals ;8(%(((. $ow

much is total stoc1holders< equity" 4uestion + =et income >;/+%(((?

di#ided by a#erage shares outstanding >@%(((? ;+.((share. For/('+% &toneland orporation reported net income% ;/+%(((C net sales%

;+((%(((C and a#erage shares outstanding% @%(((. Dhere were no

preferred stoc1 di#idends. $ow much was the /('+ earnings per

share" 4uestion ) Dhe beginning balance of retained earnings is the

ending balance minus net income plus di#idends. !or1ing bac1wards%

;E ;+(/%((( * ;:+%((( ;/%'G+%(((. Dherefore% beginning retained

earnings ;'%G'@%(((. At 3ecember :'% /('+% &horts ompany hadretained earnings of ;/%'G+%(((. 3uring /('+% the company issued

stoc1 for ;0G%(((% and paid di#idends of ;:+%(((. =et income for

/('+ was ;+(/%(((. $ow much was the retained earnings balance at

the beginning of /('+" 4uestion @ Dhe current ratio measures

liquidity and higher means the company is more liquid. Dhe debt to

assets ratio measures sol#ency and higher is not always better. !e

don’t 1now how many outstanding shares each company has so wecannot compare profitability. Dhe following ratios are a#ailable for

9eer Inc. and &table Inc. urrent Ratio 3ebt to Assets Ratio 6arnings

per &hare 9eer Inc. /' 8)H ;:.)( &table Inc. '.)' +(H ;/.8)

4uestion 8 &ol#ency ratios are good indicators of a company’s ability

to sur#i#e o#er an e7tended period of time. !hich of the following

ratios measures the ability of the company to sur#i#e o#er a long

period of time" 4uestion G Free cash flow can be used to paydi#idendsC acquire property% plant% and equipmentC and pay off debts.


10/34

4uestion 0 enerally accepted accounting principles% or JAAPK

ha#e substantial authoritati#e support% and are recognized as a general

guide for financial reporting purposes. 4uestion '( ,anagement can

Lustify a new method of accounting if the financial information ismore meaningful.

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ACC 290 Week 1 ocab)lar Actiit &e'%



!ileyP9M& Assignment !ee1 ' Nocabulary Acti#ity Resource

!ileyP9M& omplete the following !ee1 ' Assignment in

!ileyP9M& O hapter ' !ileyP9M& rossword Puzzle '

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11/34

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ACC 290 Week 1 WilePl)$ A$$ignment "153, *153,*154,

*254, FR254 &e'%



!ileyP9M& Assignment !ee1 ' Assignment Resource !ileyP9M&

omplete the following !ee1 ' Assignment in !ileyP9M& O 32 ID

'*: O 67ercise '*: O 67ercise '*+ O 67ercise 67cel 6 /*+ O IFR& /*+

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12/34




!hat is the re#enue recognition principle" !hat is the e7pense

recognition principle" !hy are they important to financial reporting"

!hat are adLusting entries and why are they necessary" !hat are

accruals" Pro#ide e7amples of accruals. !hy do accruals require

adLusting entries" !hat are deferrals" !hat are some e7amples of

deferrals" !hy do deferrals require adLusting entries"

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13/34



!hat accounts are subLect to adLusting Lournal entries and why" $ow

would you e7plain the purpose of the adLusted trial balance"

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ACC 290 Week 2 LT Re#lection )mmar &e'%



http://www.acc290genius.com/http://www.acc290genius.com/product-113-ACC-290-Week-2-LT-Reflection-Summary-(New)http://www.acc290genius.com/http://www.acc290genius.com/http://www.acc290genius.com/product-113-ACC-290-Week-2-LT-Reflection-Summary-(New)http://www.acc290genius.com/


14/34

3iscuss the obLecti#es for A /0( !ee1 Dwo. !hat do you thin1

will be the most important of the s1ills learned when you are in an

accounting position" 3ifferentiate between accrual basis and cash

basis of accounting. reate AdLusting 6ntries. Prepare an adLustedtrial balance. !rite a :)( to )(( word summary of your 9earning

Deam’s discussion.

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ACC 290 Week 2 LT Re#lection )mmar



3iscuss the obLecti#es for A /0( !ee1 2ne. $ow do they relate to

the practice of accounting and its uses in business" Identify the four

basic financial statements. lassify transactions using the rules of

debit and credit. Qournalize basic transactions. 3iscuss how financial

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15/34

statements would be useful to e7ternal users such as in#estors and

creditors. !rite a :)( to )(( word summary of your 9earning Deam’s

discussion.

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ACC 290 Week 2 Practice .)i &e'%



4uestion ' 67penses decrease retained earnings. 4uestion / 3uring

/('+% ibson ompany assets decreased ;)(%((( and its liabilities

decreased ;0(%(((. Its stoc1holders’ equity 4uestion : Payment of a

di#idend 4uestion + An account is a part of the financial information

system and is described by all e7cept which one of the following"

4uestion ) !hich accounts normally ha#e debit balances" 4uestion @

!hich of the following is the correct sequence of e#ents" 4uestion 8

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16/34

!here is the first place e#ery transaction is recorded" 4uestion G

!hat type of account is unearned re#enue" 4uestion 0 Accounts are

listed on the trial balance in 4uestion '( !hich of the following is

not one of the primary types of the financing acti#ities in thestatement of cash flows"

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!ileyP9M& Assignment !ee1 / Nocabulary Acti#ity Resource

!ileyP9M& omplete the following !ee1 / Assignment in

!ileyP9M& O hapter / !iley P9M& rossword Puzzle '



17/34

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ACC 290 Week 2 WilePl)$ A$$ignment 67P252, FR258,

*354, *35, 67P 352, FR 352, P35:, P358 &e'%



A /0( !ee1 2ne * 34 5' !hat are the four basic financial

statements" !hat is the primary purpose of each of the four basic

financial statements" In your opinion% which financial statement is themost important" 67plain why. $ow would the financial statements be

useful to managers and employees" $ow would the financial

statements be useful to in#estors and creditors"

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18/34

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!hat are the steps in completing the accounting cycle" $ow do the

different steps affect the financial statements" !hat is the effect on

the financial statements of missing a step when completing the

accounting cycle" !hat are the four closing Lournal entries" !hy are

they necessary" !hat are re#ersing entries" !hy are they used" !hat

are the pros and cons of using re#ersing entries" !hy are re#ersing

entries optional"

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19/34

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!hat are the pros and cons of using re#ersing entries" !hy arere#ersing entries optional" !hat is the main purpose of a financial

statement wor1sheet and its benefits" $ow has automation aided the

preparation% accuracy% and use of the financial statement wor1sheet"

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20/34




3iscuss the obLecti#es for A /0( !ee1 Dwo. !hat do you thin1will be the most important of the s1ills learned when you are in an

accounting position" 3ifferentiate between accrual basis and cash

basis of accounting. reate AdLusting 6ntries. Prepare an adLusted

trial balance. !rite a :)( to )(( word summary of your 9earning

Deam’s discussion.

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21/34


4uestion ' Dhe re#enue recognition principle dictates that re#enue is

recognized in the period in which the cash is recei#ed. 4uestion / Dhe

generally accepted accounting principle which dictates that re#enue

be recognized in the accounting period in which the performance

obligation is satisfied is the 4uestion : !hich statement is correct"

4uestion + Boo1 #alue is equal to cost minus accumulateddepreciation. 4uestion ) AdLustments for unearned re#enues

4uestion @ At 3ecember :'% /(':% before any year*end adLustments%

,acarty ompany


22/34

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!ileyP9M& Assignment !ee1 : Practice 4uiz Resource

!ileyP9M& omplete the following !ee1 : Assignment in

!ileyP9M& O hapter + Practice 4uiz

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ACC 290 Week 3 WilePl)$ A$$ignment 6*451, P452A, P45

3A, 67P451, FR P.51, P.52, P.53, P.54 &e'%

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23/34



Assignment !ee1 : Assignment omplete the following !ee1 :

Assignment O Brief 67ercise +*' O Problem +*/A O Problem +*:A O

BSP +*' O IFR& Practice 4uestion ' O IFR& Practice 4uestion / O

IFR& Practice 4uestion : O IFR& Practice 4uestion +

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24/34

$ow would you calculate cost of goods sold" !hat items ma1e up

cost of goods sold" $ow does beginning and ending in#entory affect

cost of goods sold" !hat are the Lournal entries a merchandising

organization would use to record the purchase and subsequent sale of

merchandise" $ow would these transactions differ with a periodic

#ersus a perpetual in#entory system" !hy are perpetual in#entory

systems so much more popular today than bac1 in the early '0@(s and

earlier" !hy would a company employing a perpetual in#entory

system still ta1e a physical in#entory periodically"

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25/34

!hat are the three different in#entory cost flow assumptions

commonly used in commerce today and allowed by generally

accepted accounting principles" $ow does a company determine what

cost flow assumption they should use" $ow does first in% first out costflow assumption wor1" !hen it is most appropriate to use" $ow does

last in% first out cost flow assumption wor1" !hen it is most

appropriate to use" $ow does an a#erage cost flow assumption wor1"

!hen it is most appropriate to use"

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Reflection and Financial Reporting Problem Part I. 3iscuss the

obLecti#es for A /0( !ee1 Dhree. $ow do they relate to the

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26/34

practice of accounting and its uses in business" Prepare closing

entries% re#ersing entries% and a post closing trial balance. Prepare a

financial statement wor1 sheet. Prepare a classified income statement%

retained earnings statement and balance sheet. !rite a :)( to )((word summary of your 9earning Deam’s discussion.

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4uestion ' A ser#ice company


27/34

a ser#ice company. Dhe operating cycle of a merchandising company

is ordinarily TTTTTTTTTTTTTTTTTTT that of a ser#ice firm. 4uestion :

Dhe cost of ha#ing merchandise deli#ered to the store is part of the

cost of getting the in#entory ready to sell. All costs incurred to getin#entory ready to sell are included as part of In#entory account with

a debit. Qa7 ompany uses a perpetual in#entory system and on

=o#ember :( purchased merchandise for which it must pay the

shipping charges. !hich of the following is one part of the required

Lournal entry when Qa7 pays the shipping charges of ;/((" 4uestion +

&ales 3iscounts is a contra account to &ales Re#enue. It is reported on

the income statement as a deduction from &ales Re#enue. 4uestion )Dwo entries are required. 2ne will record the sale with a debit to cash

and a credit to sales re#enue. Dhe second entry is to reduce the

in#entoryC debit cost of goods sold and credit in#entory. !hich

statement is true when recording the sale of goods for cash in a

perpetual in#entory system" 4uestion @ &ales less cost of goods sold

equals gross profit. &ubtracting operating e7penses from gross profit

equals net income. =et income is ;')%(((% operating e7penses are;/(%(((% and net sales total ;8)%(((. $ow much is cost of goods sold"

4uestion 8 ost of goods sold is subtracted from net sales to calculate

gross profit. !hich one of the following will result in gross profit"

4uestion G Mnder the periodic in#entory system% cost of goods sold

for the period is calculated by adding purchases for the period to the

beginning in#entory balance and subtracting the ending in#entory

balance. Mnder what system is cost of goods sold determined at theend of an accounting period" 4uestion 0 =et income >;')%(((?

di#ided by net sales >;8)%(((? equals profit margin of /(H. =et

income is ;')%(((% operating e7penses are ;/(%(((% net sales total

;8)%(((% and sales re#enues total ;0)%(((. $ow much is the profit

margin" 4uestion '( Mnli1e the perpetual system% companies do not

attempt to record the cost of merchandise sold on the date of the sale.

At the end of the period% a physical in#entory is ta1en to determine


28/34

the cost of merchandise sold. In a periodic in#entory system% when is

the cost of the merchandise sold determined"

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!ileyP9M& Assignment !ee1 + Nocabulary Acti#ity Resource!ileyP9M& omplete the following !ee1 + Assignment in

!ileyP9M& O hapter ) rossword Puzzle '



29/34

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ACC 290 Week 4 Wilepl)$ A$$ignment P45A, 67P:51,

67P:52, 6*:51, 6*:52, FR:52, FR:54, P.51, P.52,

P.53 &e'%



!ee1 + Assignment omplete the following !ee1 + Assignment in

Problem +*GA Brief 67ercise )*' Brief 67ercise )*/ BSP )*' BSP )*

/ IFR& )*/ IFR& )*+ Practice 4uestion ' Practice 4uestion / Practice

4uestion :

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http://www.acc290genius.com/product-97-ACC-290-Week-4-Wileyplus-Assignment-P4-8A,-BYP5-1,-BYP5-2,-BE5-1,-BE5-2,-IFRS5-2,-IFRS5-4,-PQ-1,-PQ-2,-PQ-3-(New)http://www.acc290genius.com/product-97-ACC-290-Week-4-Wileyplus-Assignment-P4-8A,-BYP5-1,-BYP5-2,-BE5-1,-BE5-2,-IFRS5-2,-IFRS5-4,-PQ-1,-PQ-2,-PQ-3-(New)http://www.acc290genius.com/product-97-ACC-290-Week-4-Wileyplus-Assignment-P4-8A,-BYP5-1,-BYP5-2,-BE5-1,-BE5-2,-IFRS5-2,-IFRS5-4,-PQ-1,-PQ-2,-PQ-3-(New)http://www.acc290genius.com/http://www.acc290genius.com/product-97-ACC-290-Week-4-Wileyplus-Assignment-P4-8A,-BYP5-1,-BYP5-2,-BE5-1,-BE5-2,-IFRS5-2,-IFRS5-4,-PQ-1,-PQ-2,-PQ-3-(New)http://www.acc290genius.com/product-97-ACC-290-Week-4-Wileyplus-Assignment-P4-8A,-BYP5-1,-BYP5-2,-BE5-1,-BE5-2,-IFRS5-2,-IFRS5-4,-PQ-1,-PQ-2,-PQ-3-(New)http://www.acc290genius.com/product-97-ACC-290-Week-4-Wileyplus-Assignment-P4-8A,-BYP5-1,-BYP5-2,-BE5-1,-BE5-2,-IFRS5-2,-IFRS5-4,-PQ-1,-PQ-2,-PQ-3-(New)http://www.acc290genius.com/


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ACC 290 Week : "i$c)$$ion .)e$tion 1



!hat is the control en#ironment" $ow does the control en#ironment

affect a company’s internal controls" !hat are the negati#e and

positi#e elements of a control en#ironment" !hat are two e7amples

of strong and wea1 internal controls in organizations where you ha#e

wor1ed or ha#e first*hand 1nowledge" $ow are these different" $ow

would you describe the 1ey internal controls that should be in place to

protect cash in a cash rich en#ironment such as a merchandiser" !hatare the 1ey internal controls that should be in place to protect

in#entory for a merchandiser that sells highly desirable and #ery

e7pensi#e in#entory% such as Lewelry" !ould this be different if the

business had a less desirable and less e7pensi#e in#entory" 67plain

why or why not.

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31/34

ACC 290 Week : FR Paper &e'%



IFR& /*' In what ways does the format of a statement of financial of

position under IFR& often differ from a balance sheet presented under

AAP" IFR& /*/ 3o the IFR& and AAP conceptual framewor1sdiffer in terms of the obLecti#e of financial reporting" 67plain. IFR&

/*: !hat terms commonly used under IFR& are synonymous with

common stoc1 and balance sheet" IFR& :*' 3escribe some of the

issues the &6 must consider in deciding whether the Mnited &tates

should adopt IFR&. IFR& +*' ompare and contrast the rules

regarding re#enue recognition under IFR& #ersus AAP. IFR& +*/

Mnder IFR&% do the definitions of re#enues and e7penses includegains and losses" 67plain. FR& 8*' &ome people argue that the

internal control requirements of the &arbanes*27ley Act >&2E? put

M.&. companies at a competiti#e disad#antage to companies outside

the Mnited &tates. 3iscuss the competiti#e implications >both pros and

cons? of &2E.

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http://www.acc290genius.com/product-93-ACC-290-Week-5-IFRS-Paper-(New)http://www.acc290genius.com/http://www.acc290genius.com/product-93-ACC-290-Week-5-IFRS-Paper-(New)http://www.acc290genius.com/


32/34

ACC 290 Week : Learning Team Re#lection )mmar

&e'%



Reflection and Financial Reporting Problem Part II. 3iscuss the

obLecti#es for A /0( !ee1 Four. In the wa1e of accounting

scandals o#er the past se#eral years% how has the &arbanes*27ley Act

>&2E? of /((/ affected the practice of accounting" !hat is the role of

internal controls in complying with &2E >/((/?" !rite a :)( to )((

word summary of your 9earning Deam’s discussion.

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ACC 290 Week : WilePl)$ A$$ignment 6*85:, 6*85;,

67P851, 67P852, 6*;54, 6*;58, FR P.51, PFR P.5

2&e'%


http://www.acc290genius.com/product-95-ACC-290-Week-5-Learning-Team-Reflection-Summary-(New)http://www.acc290genius.com/product-95-ACC-290-Week-5-Learning-Team-Reflection-Summary-(New)http://www.acc290genius.com/http://www.acc290genius.com/product-92-ACC-290-Week-5-WileyPlus-Assignment-BE6-5,-BE6-7,-BYP6-1,-BYP6-2,-BE7-4,-BE7-6,-IFRS-PQ-1,-PFRS-PQ-2(New)http://www.acc290genius.com/product-92-ACC-290-Week-5-WileyPlus-Assignment-BE6-5,-BE6-7,-BYP6-1,-BYP6-2,-BE7-4,-BE7-6,-IFRS-PQ-1,-PFRS-PQ-2(New)http://www.acc290genius.com/product-92-ACC-290-Week-5-WileyPlus-Assignment-BE6-5,-BE6-7,-BYP6-1,-BYP6-2,-BE7-4,-BE7-6,-IFRS-PQ-1,-PFRS-PQ-2(New)http://www.acc290genius.com/product-95-ACC-290-Week-5-Learning-Team-Reflection-Summary-(New)http://www.acc290genius.com/product-95-ACC-290-Week-5-Learning-Team-Reflection-Summary-(New)http://www.acc290genius.com/http://www.acc290genius.com/product-92-ACC-290-Week-5-WileyPlus-Assignment-BE6-5,-BE6-7,-BYP6-1,-BYP6-2,-BE7-4,-BE7-6,-IFRS-PQ-1,-PFRS-PQ-2(New)http://www.acc290genius.com/product-92-ACC-290-Week-5-WileyPlus-Assignment-BE6-5,-BE6-7,-BYP6-1,-BYP6-2,-BE7-4,-BE7-6,-IFRS-PQ-1,-PFRS-PQ-2(New)http://www.acc290genius.com/product-92-ACC-290-Week-5-WileyPlus-Assignment-BE6-5,-BE6-7,-BYP6-1,-BYP6-2,-BE7-4,-BE7-6,-IFRS-PQ-1,-PFRS-PQ-2(New)


33/34


Assignment !ee1 ) Assignment omplete the following !ee1 )

Assignment IFR& Practice 4uestion ' IFR& Practice 4uestion / Brief

67ercise @*) Brief 67ercise @*8 BSP @*' BSP @*/ Brief 67ercise 8*+

Brief 67ercise 8*@

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ACC 290 Week 4/: n-ii-)al A$$ignment Financial

Reporting Problem Part !!2 "i##erent Paper$!!%&e'%



http://www.acc290genius.com/http://www.acc290genius.com/product-96-ACC-290-Week-4-5-Individual-Assignment-Financial-Reporting-Problem-Part-II-(2-Different-Papers)(New)http://www.acc290genius.com/product-96-ACC-290-Week-4-5-Individual-Assignment-Financial-Reporting-Problem-Part-II-(2-Different-Papers)(New)http://www.acc290genius.com/http://www.acc290genius.com/http://www.acc290genius.com/product-96-ACC-290-Week-4-5-Individual-Assignment-Financial-Reporting-Problem-Part-II-(2-Different-Papers)(New)http://www.acc290genius.com/product-96-ACC-290-Week-4-5-Individual-Assignment-Financial-Reporting-Problem-Part-II-(2-Different-Papers)(New)http://www.acc290genius.com/


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Financial Reporting Problem Part II Access the internet to acquire a

copy of the most recent annual report for the public traded company

used to complete the Financial Reporting Problem% Part ' assignment

due in A /0( !ee1 Four. Analyze the information contained in thecompany’s balance sheet and income statement to answer the

following questions Are the assets included under the company’s

current assets listed in the proper order" 67plain your answer. $ow

are the company’s assets classified" !hat are cash equi#alents" !hat

are the company’s total current liabilities at the end of its most recent

annual reporting period" !hat are the company’s total current

liabilities at the end of the pre#ious annual reporting period"onsidering all the information you ha#e gathered% why might this

information be important to potential creditors% in#estors% and

employees" &ummarize the analysis in a '%()(*'%+(( word paper in a

,icrosoft- !ord document. Include a copy of the company’s balance

sheet and income statement. Format your paper and presentation

consistent with APA guidelines.

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ACC 290 GENIUS EDUCATION EXPERT / acc290genius.com

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