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ACC 423 Week 1 Coca-Cola and PepsiCo Presentation
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Create a 10- to 12-slide presentation that addresses each question
within the Comparative Analysis Case, pp. 824-825. Click the
Assignment Files tab to submit your assignment. The Coca-Cola
Company and PepsiCo, Inc. The financial statements of Coca-Cola and
PepsiCo are presented in Appendices C and D, respectively. The
companies' complete annual reports, including the notes to the
financial statements, are available online. Instructions Use the
companies' financial information to answer the following questions.
(a) What is the par or stated value of Coca-Cola's and PepsiCo's
common or capital stock? (b) What percentage of authorized shares
was issued by Coca-Cola at December 31, 2014, and by PepsiCo at
December 31, 2014? (c) How many shares are held as treasury stock
by Coca-Cola at December 31, 2014, and by PepsiCo at December 31,
2014? (d) How many Coca-Cola common shares are outstanding at
December 31, 2014? How many PepsiCo shares of capital stock are
outstanding at December 31, 2014? (e) What amounts of cash
dividends per share were declared by Coca-Cola and PepsiCo in 2014?
What were the dollar amount effects of the cash dividends on each
company's stockholders' equity? (f) What are Coca-Cola's and
PepsiCo's return on common/capital stockholders' equity for 2014
and 2013? Which company gets the higher return on the equity of its
shareholders? (g) What are Coca-Cola's and PepsiCo's payout ratios
for 2014? (h)What was the market price range (high/low) for Coca-
Cola's common stock and PepsiCo's capital stock during the fourth
quarter of 2014? Which company's (Coca-Cola's or PepsiCo's) stock
price increased more (%) during 2014?
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ACC 423 Week 1 Discussion Question 1
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Why do companies offer stock options? What is the experience of
either your organization or an organization that you are familiar with
when it comes to stock option compensation? Should stock option
compensation be included as an expense when calculating an
organization’s net income? Explain why or why not. If so, how should
the amount of expense be calculated?
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ACC 423 Week 1 Discussion Question 2
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What are the differences between basic and diluted earnings per
share? What are the differences between the numerator and the
denominator in the basic and diluted earnings per share
calculations? What actions can an organization take in order to
improve their earnings per share? What is the experience of either
your organization or an organization that you are familiar with when
it comes to any of these actions? As an investor, do you evaluate a
company as a potential investment using basic or diluted earnings per
share? Explain why.
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ACC 423 Week 1 DQ (New)
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Why do companies offer stock options? Should stock-option
compensation be included as an expense when calculating an
organization'snet income? Explain why or why not. if so, how should
the amount of expense be calculated?
What is the experience of either your organization or an organization
that you are familiar with when it comes to stock option
compensation?
Should stock option compensation be included as an expense when
calculating an organization’s net income? Explain why or why not. If
so, how should the amount of expense be calculated?
==============================================
ACC 423 Week 1 Wileyplus With Excel File New Syllabus
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This Tutorial contains Excel File which can be used for any Values •
Brief Exercise 15-9 • Brief Exercise 15-12 • Exercise 15-6 • Exercise
15-7 • Exercise 15-10 • Exercise 15-12 • Exercise 15-17 • Exercise 15-
21 • Brief Exercise 16-11 • Exercise 16-4 • Exercise 16-10 • Exercise
16-14 • Exercise 16-18 • Exercise 16-24 Brief Exercise 15-9 Oriole
Corporation has outstanding 22,000 shares of $5 par value common
stock. On August 1, 2017, Oriole reacquired 190 shares at $82 per
share. On November 1, Oriole reissued the 190 shares at $71 per
share. Oriole had no previous treasury stock transactions. Prepare
Oriole’s journal entries to record these transactions using the cost
method. Brief Exercise 15-12 Swifty Mining Company declared, on
April 20, a dividend of $442,000 payable on June 1. Of this amount,
$108,000 is a return of capital. Prepare the April 20 and June 1
entries for Swifty. Ex 15-10 Exercise 15-6 Whispering Corporation is
authorized to issue 49,000 shares of $5 par value common stock.
During 2017, Whispering took part in the following selected
transactions. 1. Issued 4,900 shares of stock at $42 per share, less
costs related to the issuance of the stock totaling $7,400. 2. Issued
1,200 shares of stock for land appraised at $49,000. The stock was
actively traded on a national stock exchange at approximately $43
per share on the date of issuance. 3. Purchased 520 shares of
treasury stock at $42 per share. The treasury shares purchased were
issued in 2013 at $39 per share. (a) Prepare the journal entry to
record item 1. (b) Prepare the journal entry to record item 2. (c)
Prepare the journal entry to record item 3 using the cost method.
Exercise 15-7 Joe Dumars Company has outstanding 40,000 shares of
$5 par common stock which had been issued at $30 per share. Joe
Dumars then entered into the following transactions. 1. Purchased
5,000 treasury shares at $45 per share. 2. Resold 2,000 of the
treasury shares at $49 per share. 3. Resold 500 of the treasury shares
at $40 per share. Indicate the effect each of the three transactions
has on the financial statement categories listed in the table below,
assuming Joe Dumars Company uses the cost method. For a recent 2-
year period, the balance sheet of Flint Company showed the following
stockholders’ equity data at December 31 (in millions). Exercise 15-12
Kingbird Corporation has 11.50 million shares of common stock
issued and outstanding. On June 1, the board of directors voted an 79
cents per share cash dividend to stockholders of record as of June 14,
payable June 30. Prepare the journal entries for each of the dates
above assuming the dividend represents a distribution of earnings.
Exercise 15-17 Carla Corporation’s post-closing trial balance at
December 31, 2017, is shown as follows. The dividends on preferred
stock are $4 cumulative. In addition, the preferred stock has a
preference in liquidation of $50 per share. Prepare the stockholders’
equity section of Carla’s balance sheet at December 31, 2017.
Exercise 15-21 The outstanding capital stock of Windsor Corporation
consists of 2,000 shares of $100 par value, 8% preferred, and 4,900
shares of $50 par value common. Assuming that the company has
retained earnings of $92,500, all of which is to be paid out in
dividends, and that preferred dividends were not paid during the 2
years preceding the current year, state how much each class of stock
should receive under each of the following conditions. (a) The
preferred stock is noncumulative and nonparticipating. (b) The
preferred stock is cumulative and nonparticipating. (c) The preferred
stock is cumulative and participating. Brief Exercise 16-11 Cullumber
Corporation had 318,000 shares of common stock outstanding on
January 1, 2017. On May 1, Cullumber issued 31,500 shares. (a)
Compute the weighted-average number of shares outstanding if the
31,500 shares were issued for cash. Weighted-average number of
shares outstanding (b) Compute the weighted-average number of
shares outstanding if the 31,500 shares were issued in a stock
dividend. Weighted-average number of shares outstanding $ Exercise
16-4 On January 1, 2016, when its $30 par value common stock was
selling for $80 per share, Indigo Corp. issued $11,100,000 of 8%
convertible debentures due in 20 years. The conversion option
allowed the holder of each $1,000 bond to convert the bond into five
shares of the corporation’s common stock. The debentures were
issued for $11,988,000. The present value of the bond payments at
the time of issuance was $9,435,000, and the corporation believes
the difference between the present value and the amount paid is
attributable to the conversion feature. On January 1, 2017, the
corporation’s $30 par value common stock was split 2 for 1, and the
conversion rate for the bonds was adjusted accordingly. On January
1, 2018, when the corporation’s $15 par value common stock was
selling for $135 per share, holders of 30% of the convertible
debentures exercised their conversion options. The corporation uses
the straight-line method for amortizing any bond discounts or
premiums. (a) Prepare the entry to record the original issuance of the
convertible debentures. Exercise 16-10 On November 1, 2017,
Larkspur Company adopted a stock-option plan that granted options
to key executives to purchase 28,500 shares of the company’s $10
par value common stock. The options were granted on January 2,
2018, and were exercisable 2 years after the date of grant if the
grantee was still an employee of the company. The options expired 6
years from date of grant. The option price was set at $30, and the fair
value option-pricing model determines the total compensation
expense to be $427,500. All of the options were exercised during the
year 2020: 19,000 on January 3 when the market price was $67, and
9,500 on May 1 when the market price was $77 a share. Prepare
journal entries relating to the stock option plan for the years 2018,
2019, and 2020. Assume that the employee performs services equally
in 2018 and 2019. Exercise 16-14 Coronado Company issues 9,700
shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017.
The stock has a fair value of $485,000 on this date. The service period
related to this restricted stock is 5 years. Vesting occurs if Tokar stays
with the company until December 31, 2021. The par value of the
stock is $10. At December 31, 2017, the fair value of the stock is
$379,000. (a) Prepare the journal entries to record the restricted
stock on January 1, 2017 (the date of grant), and December 31, 2018.
(b) On July 25, 2021, Tokar leaves the company. Prepare the journal
entry to account for this forfeiture. Exercise 16-18 Pearl Inc.
presented the following data. Net income $2,550,000 Preferred stock:
51,000 shares outstanding, $100 par, 8% cumulative, not convertible
5,100,000 Common stock: Shares outstanding 1/1 816,000 Issued for
cash, 5/1 318,000 Acquired treasury stock for cash, 8/1 162,000 2-
for-1 stock split, 10/1 Exercise 16-24 The Concord Corporation issued
10-year, $4,890,000 par, 7% callable convertible subordinated
debentures on January 2, 2017. The bonds have a par value of
$1,000, with interest payable annually. The current conversion ratio
is 14:1, and in 2 years it will increase to 16:1. At the date of issue, the
bonds were sold at 96. Bond discount is amortized on a straight-line
basis. Concord’s effective tax was 35%. Net income in 2017 was
$8,550,000, and the company had 1,980,000 shares outstanding
during the entire year. (a) Compute both basic and diluted earnings
per share. Week 2 Brief Exercise 116 On April 1, 2018, West Company
purchased $472,000 of 6.50% bonds for $490,630 plus accrued
interest as an available-for-sale security. Interest is paid on July 1 and
January 1 and the bonds mature on July 1, 2023. Prepare the journal
entry on April 1, 2018. Exercise 121 Fill in the dollar changes caused
in the Investment account and Dividend Revenue or Investment
Revenue account by each of the following transactions, assuming
Crane Company uses (a) the fair value method and (b) the equity
method for accounting for its investments in Hudson Company. 1. At
the beginning of Year 1, Crane bought 25% of Hudson's common
stock at its book value. Total book value of all Hudson's common
stock was $750,000 on this date. 2. During Year 1, Hudson reported
$69,000 of net income and paid $34,500 of dividends. 3. During Year
2, Hudson reported $29,000 of net income and paid $19,000 of
dividends. 4. During Year 3, Hudson reported a net loss of $9,000 and
paid $4,000 of dividends. 5. Indicate the Year 3 ending balance in the
Investment account, and cumulative totals for Years 1, 2, and 3 for
dividend revenue and investment revenue.
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ACC 423 Week 2 Discussion Question 1
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What are the differences between traditional and derivative
instruments? Why do companies use derivative instruments? Explain
whether or not derivatives are a good investment. What experience
do you have with either traditional or derivative instruments in your
organization or an organization that you are familiar with?
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ACC 423 Week 2 Discussion Question 2
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Why do companies make investments in other companies? What are
the differences between debt and equity investments? What is the
experience of either your organization or an organization that you
are familiar with when it comes to debt and/or equity investments?
What would influence a company to choose equity or debt as an
investment?
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ACC 423 Week 2 DQ (New)
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What are the differences between traditionaland derivative
instruments? Why do companies use derivative instruments? Are
derivatives a good investment? Explain why or why not.
Why do companies make investments in other companies? What are
the differences between debt and equity investments? What would
influence a company to choose equity or debt as an investment?
How do the various classifications of investments affect financial
statements? What is the rationale behind the different accounting
methods for the various investment classifications? Which is more
important when determining the accounting method for securities,
influence, or ownership? Explain why.
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ACC 423 Week 2 Signature Assignment Codification
Research Paper (2 Papers)
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This Tutorial contains 2 Papers What is a Signature Assignment? A
signature assignment is designed to align with specific program
student learning outcome(s) for a program. Program Student
Learning Outcomes are broad statements that describe what
students should know and be able to do upon completion of their
degree. The signature assignments are graded with an automated
rubric that allows the University to collect data that can be
aggregated across a location or college/school and used for program
improvements. Resource: FASB Codification Link. Write a 700- to
1,050-word paper. Your client, Cascade Company, is planning to
invest some of its excess cash in 5-year revenue bonds issued by the
county and in the stock of one of its suppliers, Teton Co. Teton's
shares trade on the over-the-counter market. The company would
like you to conduct some research on the accounting for these
investments. Instructions: Access the FASB Codification. Once you
login using the username and password provided from the link above
"login instructions" click on Education (from the menu across the top)
> select FASB & GARS > click on FASB User Login and use the same
credentials given for the initial login page. That will get you to the
FASB Accounting Standards Codification (professional view) page.
Review the log-in instructions. Provide Codification references for
your responses below. Incorporate your review of the FASB link to
determine when the fair value of a security "readily determinable".
Since the Teton shares do not trade on one of the large stock
markets, Cascade argues that the fair value of this investment is not
readily available. Describe how an impairment of a security is
accounted for. Determine how close to maturity Cascade could sell an
investment and still classify it as held-to-maturity. To avoid volatility
in their financial statements due to fair value adjustments, Cascade
debated whether the bond investment could be classified as held-to-
maturity; Cascade is pretty sure it will hold the bonds for five years.
List disclosures that must be made for any sale or transfer from
securities classified as held-to-maturity. Format your paper consistent
with APA standards. Submit your assignment to the Assignment Files
tab. Assignment Deliverables Summary: 1. How can the shares
investment in Teton Inc. fair value be determined according to GAAP,
provide FASB codification reference? 2. How should the bond
investment in a County Government be classified if Cascade Company
does not plan to hold the bond to its maturity? can the management
change its intention in later years? 3. Under what condition and
factors for an equity investment to be considered as "impaired",
provide FASB codification reference? 4. What are the disclosure
requirements for reclassification of sale or transfer of security from
one category to another?
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ACC 423 Week 2 WileyPLUS Assignment (New
Syllabus/With Excel File)
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This Tutorial contains Excel File which can be used to solve for any
change in values Complete the following in WileyPLUS: • Brief
Exercise 116 • Exercise 121 • Exercise 122 • Exercise 123 • Brief
Exercise 17-2 • Brief Exercise 17-5 • Brief Exercise 17-7 • Brief
Exercise 17-11 • Brief Exercise 17-13 • Exercise 17-3 • Exercise 17-9 •
Exercise 17-12 • Exercise 17-18 • Exercise 17-27 Brief Exercise 116 On
April 1, 2018, West Company purchased $472,000 of 6.50% bonds for
$490,630 plus accrued interest as an available-for-sale security.
Interest is paid on July 1 and January 1 and the bonds mature on July
1, 2023. Prepare the journal entry on April 1, 2018. The bonds are
sold on November 1, 2019 at 103 plus accrued interest. Amortization
was recorded when interest was received by the straight-line method.
Prepare all entries required to properly record the sale Exercise 121
Fill in the dollar changes caused in the Investment account and
Dividend Revenue or Investment Revenue account by each of the
following transactions, assuming Crane Company uses (a) the fair
value method and (b) the equity method for accounting for its
investments in Hudson Company. At the beginning of Year 1, Crane
bought 25% of Hudson's common stock at its book value. Total book
value of all Hudson's common stock was $750,000 on this date.
During Year 1, Hudson reported $69,000 of net income and paid
$34,500 of dividends. During Year 2, Hudson reported $29,000 of net
income and paid $19,000 of dividends. During Year 3, Hudson
reported a net loss of $9,000 and paid $4,000 of dividends. Indicate
the Year 3 ending balance in the Investment account, and cumulative
totals for Years 1, 2, and 3 for dividend revenue and investment
revenue. Exercise 122 (Part Level Submission) The following
information is available for Irwin Company for 2018: Net Income
$117,000 Realized gain on sale of available-for-sale debt securities
11,000 Unrealized holding gain arising during the period on
available-for-sale debt securities 34,000 Reclassification adjustment
for gains included in net income 7,500 a) Determine other
comprehensive income for 2018. b) Compute comprehensive income
for 2018. Exercise 123 On January 2, 2018, Tylor Company issued a 4-
year, $550,000 note at 8% fixed interest, interest payable
semiannually. Tylor now wants to change the note to a variable rate
note. As a result, on January 2, 2018, Tylor Company enters into an
interest rate swap where it agrees to receive 8% fixed and pay LIBOR
of 5.7% for the first 6 months on $550,000. At each 6-month period,
the variable interest rate will be reset. The variable rate is reset to
6.6% on June 30, 2018. Brief Exercise 17-2 Blossom Company
purchased, on January 1, 2017, as an available-for-sale security,
$82,000 of the 11%, 5-year bonds of Chester Corporation for $76,231,
which provides an 13% return. Prepare Blossom’s journal entries for
(a) the purchase of the investment, (b) the receipt of annual interest
and discount amortization, and (c) the year-end fair value
adjustment. (Assume a zero balance in the Fair Value Adjustment
account.) The bonds have a year-end fair value of $77,900. Brief
Exercise 17-5 Tamarisk Corporation purchased 360 shares of
Sherman Inc. common stock for $10,800 (Tamarisk does not have
significant influence). During the year, Sherman paid a cash dividend
of $3.50 per share. At year-end, Sherman stock was selling for $32.50
per share. Prepare Tamarisk’ journal entries to record (a) the
purchase of the investment, (b) the dividends received, and (c) the
fair value adjustment. (Assume a zero balance in the Fair Value
Adjustment account.) Brief Exercise 17-7 Bonita Corporation
purchased for $285,000 a 25% interest in Murphy, Inc. This
investment enables Bonita to exert significant influence over Murphy.
During the year, Murphy earned net income of $185,000 and paid
dividends of $54,000. Prepare Bonita’s journal entries related to this
investment. Brief Exercise 17-11 Monty Company invests $10,600,000
in 5% fixed rate corporate bonds on January 1, 2017. All the bonds
are classified as available-for-sale and are purchased at par. At year-
end, market interest rates have declined, and the fair value of the
bonds is now $11,253,000. Interest is paid on January 1. Prepare
journal entries for Monty Company to (a) record the transactions
related to these bonds in 2017, assuming Monty does not elect the
fair option; and (b) record the transactions related to these bonds in
2017, assuming that Monty Company elects the fair value option to
account for these bonds. Exercise 17-3 (Part Level Submission) On
January 1, 2017, Bramble Company purchased 10% bonds having a
maturity value of $340,000, for $367,149.34. The bonds provide the
bondholders with a 8% yield. They are dated January 1, 2017, and
mature January 1, 2022, with interest receivable January 1 of each
year. Bramble Company uses the effective-interest method to
allocate unamortized discount or premium. The bonds are classified
in the held-to-maturity category. a) Prepare the journal entry at the
date of the bond purchase. b) Prepare a bond amortization schedule
c) Prepare the journal entry to record the interest revenue and the
amortization at December 31, 2017. d) Prepare the journal entry to
record the interest revenue and the amortization at December 31,
2018. Exercise 17-9 (Part Level Submission) At December 31, 2017,
the available-for-sale debt portfolio for Tamarisk, Inc. is as follows.
On January 20, 2018, Tamarisk, Inc. sold security A for $30,955. The
sale proceeds are net of brokerage fees. Prepare the adjusting entry
at December 31, 2017, to report the portfolio at fair value. Exercise
17-12 The following are two independent situations. Situation 1
Pronghorn Cosmetics acquired 10% of the 182,000 shares of common
stock of Martinez Fashion at a total cost of $12 per share on March
18, 2017. On June 30, Martinez declared and paid $76,700 cash
dividend to all stockholders. On December 31, Martinez reported net
income of $113,500 for the year. At December 31, the market price of
Martinez Fashion was $13 per share. Situation 2 Stellar, Inc. obtained
significant influence over Seles Corporation by buying 30% of Seles’s
28,900 outstanding shares of common stock at a total cost of $9 per
share on January 1, 2017. On June 15, Seles declared and paid cash
dividends of $35,400. On December 31, Seles reported a net income
of $92,300 for the year. Prepare all necessary journal entries in 2017
for both situations. Brief Exercise 17-13 Presented below are two
independent cases related to available-for-sale debt investments.
Exercise 17-18 Vaughn Corporation has municipal bonds classified as
a held-to-maturity at December 31, 2017. These bonds have a par
value of $801,000, an amortized cost of $801,000, and a fair value of
$729,000. The company believes that impairment accounting is now
appropriate for these bonds. Prepare the journal entry to recognize
the impairment. Exercise 17-27 On August 15, 2016, Riverbed Co.
invested idle cash by purchasing a call option on Counting Crows Inc.
common shares for $648. The notional value of the call option is 720
shares, and the option price is $72. The option expires on January 31,
2017. The following data are available with respect to the call option.
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ACC 423 Week 3 Discussion Question 1
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Why are there differences between taxable and financial income?
What are some examples of permanent and temporary differences?
Why do these differences exist? How do they affect the financial
statements? What experience do you have with either taxable and
financial income and/or permanent and temporary differences in
your organization or an organization that you are familiar with?
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ACC 423 Week 3 Discussion Question 2
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How are the tax benefits of net operating losses (NOL) disclosed on
financial statements? Which is more beneficial to an organization, an
NOL carryforward or an NOL carryback? Explain why. What
experience do you have with NOL in your organization or an
organization that you are familiar with? When would a company
decide to forego a NOL carryback?
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ACC 423 Week 3 DQ (New)
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Why are there between taxable and financial income? What are some
example of payment and temporary differences? Why do these
differences exist? How do they affect financial statements.”
“How they deferred tax assets and deferred tax liabilities derived?
How do they relate to the difference between tax expenses and tax
payable? How could an organization have a tax receivable? Why is
tax expenses reported on the income statement comprised of current
and deferred tax?”
How are the tax benefits of net operating losses (NOL) disclosed on
financial statements? Which is more beneficial to the organization, an
NOL carryforward or NOL carryback? Why. When would a company
decide to forego on carryback?
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ACC 423 week 3 SEC 10-K Analysis (Ford Motors)
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ACC 423 week 3 SEC 10-K Analysis Below are the instructions.
Read the SEC 10-K for Ford Motor Company. Alternatively, you can
use Securities and Exchange Commission's (SEC) Edgar filing system
to view this information. Write a 350- to 700-word paper describing
the amounts of current and deferred income taxes. Explain the items
that affect both these classifications. Provide details of the current and
long-term portion of the deferred taxes. Be sure to list the Note
number where you found your information. Format your paper
consistent with APA standards.
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ACC 423 Week 3 Team Assignment (CA 15-2, CA 15-6, CA
16-2, CA 16-4, CA 17-6)
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Complete the following for this assignment as a team: • Concepts for
Analysis 15-2, p. 823 • Concepts for Analysis 15-6, p. 824 • Concepts
for Analysis 16-2, p. 885 • Concepts for Analysis 16-4, p. 886 •
Concepts for Analysis 17-6, p. 963 Compile all team members' input.
Click the Assignment Files tab to submit your assignment.
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ACC 423 Week 3 WileyPLUS Assignment (With Excel File
Custom Work)
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This is a custom work only, email us at uopashinfo@gmail.com if you
are looking for this tutorial Complete the following in WileyPLUS: •
Brief Exercise 19-2 • Brief Exercise 19-6 • Brief Exercise 19-11 • Brief
Exercise 19-14 • Exercise 19-6 • Exercise 19-8 • Exercise 19-17 •
Exercise 19-20 • Exercise 19-24
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ACC 423 Week 4 Discussion Question 1
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What are the differences and similarities between a defined
contribution plan and a defined benefit plan? As an employee,
explain why you would rather have a defined contribution plan or a
defined benefit plan? What experience do you have with pension
plans in your organization or an organization that you are familiar
with? As an employer, explain why you would rather offer a defined
contribution plan or a defined benefit plan to your employees?
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ACC 423 Week 4 Discussion Question 2
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What are the components of pension expense? How do the
components of pension expense differ among the various types of
contribution and benefit plans? How is the interest rate determined?
Why are prior service costs amortized? Based on your knowledge of
the components of pension, what would make you more or less likely
to invest in a company?
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ACC 423 Week 4 DQ (New)
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What are the differences and similarities between a defined
contribution plan and a defined benefit plan? As an employee, would
you rather have defined contribution plan or a defined benefit plan?
Explain your answer. As an employer, would you rather offer a
defined contribution plan or a defined benefit plan? Explain answer.
What are the components of pension expense? How is the interest rate
determined? Why are prior service costs amortized? How do the
components of pension expense differ among the various types of
contribution and benefit Plans?
How does a pension plan differ from a 401(k) plan? As an
employee,.would you rather have a pension plan or a 401(k) plan?
Explain your answer. If you were an employer, would your decision
change? Why or why not.”
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ACC 423 Week 4 Team Assignment (CA 19-3, CA 19-7, Ch 19
Comparative Analysis Case)
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Complete the following for this assignment as a team: • Concepts for
Analysis 19-3, p. 1106 • Concepts for Analysis 19-7, p. 1107 • Ch. 19:
Comparative Analysis Case, p.1108 Compile all team members' input.
Click the Assignment Files tab to submit your assignment.
==============================================
ACC 423 Week 4 WileyPLUS Assignment (With Excel File
Custom Work)
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This is a custom work only, email us at uopashinfo@gmail.com if you
are looking for this tutorial Complete the following in WileyPLUS: •
Question 16 • Brief Exercise 20-1 • Brief Exercise 20-5 • Brief Exercise
20-6 • Brief Exercise 20-8 • Brief Exercise 20-10 • Brief Exercise 20-11
• Exercise 20-3 • Exercise 20-11 • Exercise 20-19 • Exercise 20-21 •
Exercise 20-23
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ACC 423 Week 5 Discussion Question 1
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What is a change in accounting principle? How do you determine if a
change in principle should be reported retroactively, currently, or
prospectively? How do these changes affect the financial
statements? What experience do you have with change in
accounting principle in your organization or an organization you are
familiar with?
==============================================
ACC 423 Week 5 Discussion Question 2
FOR MORE CLASSES VISIT
www.acc423mart.com
What are the differences between counterbalancing and
noncounterbalancing errors? What are some examples of
counterbalancing and noncounterbalancing errors? How are each
handled? What experience do you have with counterbalancing
and/or noncounterbalancing errors in your organization or an
organization that you are familiar with? Does it matter if the books
are closed? Explain why or why not.
==============================================
ACC 423 Week 5 DQ (New)
FOR MORE CLASSES VISIT
www.acc423mart.com
What is a change in accounting principle? How do you determinate
if a change in principle should be reported retroactively, currently
or prospectively? How do these changes affect financial statements?
Why do accountants make errors? What types of errors may occur?
Why is it necessary to correct them? Whit are the ramifications of
not correcting errors? What are some examples of counterbalancing
errors?
What are some examples of noncounter balancing errors? What are
the differences between counterbalancing and noncounter
balancing errors? How are each handled? Does it matter if the
books are closed? Why or why not.
==============================================
ACC 423 Week 5 Team Assignment (CA 20-5, CA 20-7, CA
22-1, CA 22-6)
FOR MORE CLASSES VISIT
www.acc423mart.com
Complete the following for this assignment as a team: • Concepts for
Analysis 20-5, p. 1176 • Concepts for Analysis 20-7, p. 1177 •
Concepts for Analysis 22-1, p. 1329 • Concepts for Analysis 22-6, p.
1329 Compile all team members' input. Click the Assignment Files tab
to submit your assignment.
==============================================

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ACC 423 MART Education for Service--acc423mart.com

  • 1. ACC 423 Week 1 Coca-Cola and PepsiCo Presentation FOR MORE CLASSES VISIT www.acc423mart.com Create a 10- to 12-slide presentation that addresses each question within the Comparative Analysis Case, pp. 824-825. Click the Assignment Files tab to submit your assignment. The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. (a) What is the par or stated value of Coca-Cola's and PepsiCo's common or capital stock? (b) What percentage of authorized shares was issued by Coca-Cola at December 31, 2014, and by PepsiCo at December 31, 2014? (c) How many shares are held as treasury stock by Coca-Cola at December 31, 2014, and by PepsiCo at December 31, 2014? (d) How many Coca-Cola common shares are outstanding at December 31, 2014? How many PepsiCo shares of capital stock are outstanding at December 31, 2014? (e) What amounts of cash dividends per share were declared by Coca-Cola and PepsiCo in 2014? What were the dollar amount effects of the cash dividends on each company's stockholders' equity? (f) What are Coca-Cola's and PepsiCo's return on common/capital stockholders' equity for 2014 and 2013? Which company gets the higher return on the equity of its shareholders? (g) What are Coca-Cola's and PepsiCo's payout ratios for 2014? (h)What was the market price range (high/low) for Coca- Cola's common stock and PepsiCo's capital stock during the fourth quarter of 2014? Which company's (Coca-Cola's or PepsiCo's) stock price increased more (%) during 2014? ==============================================
  • 2. ACC 423 Week 1 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com Why do companies offer stock options? What is the experience of either your organization or an organization that you are familiar with when it comes to stock option compensation? Should stock option compensation be included as an expense when calculating an organization’s net income? Explain why or why not. If so, how should the amount of expense be calculated? ============================================== ACC 423 Week 1 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between basic and diluted earnings per share? What are the differences between the numerator and the denominator in the basic and diluted earnings per share calculations? What actions can an organization take in order to improve their earnings per share? What is the experience of either your organization or an organization that you are familiar with when it comes to any of these actions? As an investor, do you evaluate a company as a potential investment using basic or diluted earnings per share? Explain why. ========================================= ACC 423 Week 1 DQ (New)
  • 3. FOR MORE CLASSES VISIT www.acc423mart.com Why do companies offer stock options? Should stock-option compensation be included as an expense when calculating an organization'snet income? Explain why or why not. if so, how should the amount of expense be calculated? What is the experience of either your organization or an organization that you are familiar with when it comes to stock option compensation? Should stock option compensation be included as an expense when calculating an organization’s net income? Explain why or why not. If so, how should the amount of expense be calculated? ============================================== ACC 423 Week 1 Wileyplus With Excel File New Syllabus FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used for any Values • Brief Exercise 15-9 • Brief Exercise 15-12 • Exercise 15-6 • Exercise 15-7 • Exercise 15-10 • Exercise 15-12 • Exercise 15-17 • Exercise 15- 21 • Brief Exercise 16-11 • Exercise 16-4 • Exercise 16-10 • Exercise 16-14 • Exercise 16-18 • Exercise 16-24 Brief Exercise 15-9 Oriole Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2017, Oriole reacquired 190 shares at $82 per share. On November 1, Oriole reissued the 190 shares at $71 per
  • 4. share. Oriole had no previous treasury stock transactions. Prepare Oriole’s journal entries to record these transactions using the cost method. Brief Exercise 15-12 Swifty Mining Company declared, on April 20, a dividend of $442,000 payable on June 1. Of this amount, $108,000 is a return of capital. Prepare the April 20 and June 1 entries for Swifty. Ex 15-10 Exercise 15-6 Whispering Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2017, Whispering took part in the following selected transactions. 1. Issued 4,900 shares of stock at $42 per share, less costs related to the issuance of the stock totaling $7,400. 2. Issued 1,200 shares of stock for land appraised at $49,000. The stock was actively traded on a national stock exchange at approximately $43 per share on the date of issuance. 3. Purchased 520 shares of treasury stock at $42 per share. The treasury shares purchased were issued in 2013 at $39 per share. (a) Prepare the journal entry to record item 1. (b) Prepare the journal entry to record item 2. (c) Prepare the journal entry to record item 3 using the cost method. Exercise 15-7 Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30 per share. Joe Dumars then entered into the following transactions. 1. Purchased 5,000 treasury shares at $45 per share. 2. Resold 2,000 of the treasury shares at $49 per share. 3. Resold 500 of the treasury shares at $40 per share. Indicate the effect each of the three transactions has on the financial statement categories listed in the table below, assuming Joe Dumars Company uses the cost method. For a recent 2- year period, the balance sheet of Flint Company showed the following stockholders’ equity data at December 31 (in millions). Exercise 15-12 Kingbird Corporation has 11.50 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 79 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. Exercise 15-17 Carla Corporation’s post-closing trial balance at December 31, 2017, is shown as follows. The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a
  • 5. preference in liquidation of $50 per share. Prepare the stockholders’ equity section of Carla’s balance sheet at December 31, 2017. Exercise 15-21 The outstanding capital stock of Windsor Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 4,900 shares of $50 par value common. Assuming that the company has retained earnings of $92,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. (a) The preferred stock is noncumulative and nonparticipating. (b) The preferred stock is cumulative and nonparticipating. (c) The preferred stock is cumulative and participating. Brief Exercise 16-11 Cullumber Corporation had 318,000 shares of common stock outstanding on January 1, 2017. On May 1, Cullumber issued 31,500 shares. (a) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 31,500 shares were issued in a stock dividend. Weighted-average number of shares outstanding $ Exercise 16-4 On January 1, 2016, when its $30 par value common stock was selling for $80 per share, Indigo Corp. issued $11,100,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1,000 bond to convert the bond into five shares of the corporation’s common stock. The debentures were issued for $11,988,000. The present value of the bond payments at the time of issuance was $9,435,000, and the corporation believes the difference between the present value and the amount paid is attributable to the conversion feature. On January 1, 2017, the corporation’s $30 par value common stock was split 2 for 1, and the conversion rate for the bonds was adjusted accordingly. On January 1, 2018, when the corporation’s $15 par value common stock was selling for $135 per share, holders of 30% of the convertible debentures exercised their conversion options. The corporation uses the straight-line method for amortizing any bond discounts or premiums. (a) Prepare the entry to record the original issuance of the
  • 6. convertible debentures. Exercise 16-10 On November 1, 2017, Larkspur Company adopted a stock-option plan that granted options to key executives to purchase 28,500 shares of the company’s $10 par value common stock. The options were granted on January 2, 2018, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the total compensation expense to be $427,500. All of the options were exercised during the year 2020: 19,000 on January 3 when the market price was $67, and 9,500 on May 1 when the market price was $77 a share. Prepare journal entries relating to the stock option plan for the years 2018, 2019, and 2020. Assume that the employee performs services equally in 2018 and 2019. Exercise 16-14 Coronado Company issues 9,700 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $485,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2021. The par value of the stock is $10. At December 31, 2017, the fair value of the stock is $379,000. (a) Prepare the journal entries to record the restricted stock on January 1, 2017 (the date of grant), and December 31, 2018. (b) On July 25, 2021, Tokar leaves the company. Prepare the journal entry to account for this forfeiture. Exercise 16-18 Pearl Inc. presented the following data. Net income $2,550,000 Preferred stock: 51,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,100,000 Common stock: Shares outstanding 1/1 816,000 Issued for cash, 5/1 318,000 Acquired treasury stock for cash, 8/1 162,000 2- for-1 stock split, 10/1 Exercise 16-24 The Concord Corporation issued 10-year, $4,890,000 par, 7% callable convertible subordinated debentures on January 2, 2017. The bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 14:1, and in 2 years it will increase to 16:1. At the date of issue, the bonds were sold at 96. Bond discount is amortized on a straight-line basis. Concord’s effective tax was 35%. Net income in 2017 was $8,550,000, and the company had 1,980,000 shares outstanding
  • 7. during the entire year. (a) Compute both basic and diluted earnings per share. Week 2 Brief Exercise 116 On April 1, 2018, West Company purchased $472,000 of 6.50% bonds for $490,630 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2023. Prepare the journal entry on April 1, 2018. Exercise 121 Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Crane Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Hudson Company. 1. At the beginning of Year 1, Crane bought 25% of Hudson's common stock at its book value. Total book value of all Hudson's common stock was $750,000 on this date. 2. During Year 1, Hudson reported $69,000 of net income and paid $34,500 of dividends. 3. During Year 2, Hudson reported $29,000 of net income and paid $19,000 of dividends. 4. During Year 3, Hudson reported a net loss of $9,000 and paid $4,000 of dividends. 5. Indicate the Year 3 ending balance in the Investment account, and cumulative totals for Years 1, 2, and 3 for dividend revenue and investment revenue. ============================================== ACC 423 Week 2 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between traditional and derivative instruments? Why do companies use derivative instruments? Explain whether or not derivatives are a good investment. What experience do you have with either traditional or derivative instruments in your organization or an organization that you are familiar with?
  • 8. ============================================== ACC 423 Week 2 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com Why do companies make investments in other companies? What are the differences between debt and equity investments? What is the experience of either your organization or an organization that you are familiar with when it comes to debt and/or equity investments? What would influence a company to choose equity or debt as an investment? ============================================== ACC 423 Week 2 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com What are the differences between traditionaland derivative instruments? Why do companies use derivative instruments? Are derivatives a good investment? Explain why or why not. Why do companies make investments in other companies? What are the differences between debt and equity investments? What would influence a company to choose equity or debt as an investment? How do the various classifications of investments affect financial statements? What is the rationale behind the different accounting
  • 9. methods for the various investment classifications? Which is more important when determining the accounting method for securities, influence, or ownership? Explain why. ============================================== ACC 423 Week 2 Signature Assignment Codification Research Paper (2 Papers) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains 2 Papers What is a Signature Assignment? A signature assignment is designed to align with specific program student learning outcome(s) for a program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments are graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. Resource: FASB Codification Link. Write a 700- to 1,050-word paper. Your client, Cascade Company, is planning to invest some of its excess cash in 5-year revenue bonds issued by the county and in the stock of one of its suppliers, Teton Co. Teton's shares trade on the over-the-counter market. The company would like you to conduct some research on the accounting for these investments. Instructions: Access the FASB Codification. Once you login using the username and password provided from the link above "login instructions" click on Education (from the menu across the top) > select FASB & GARS > click on FASB User Login and use the same credentials given for the initial login page. That will get you to the FASB Accounting Standards Codification (professional view) page. Review the log-in instructions. Provide Codification references for your responses below. Incorporate your review of the FASB link to
  • 10. determine when the fair value of a security "readily determinable". Since the Teton shares do not trade on one of the large stock markets, Cascade argues that the fair value of this investment is not readily available. Describe how an impairment of a security is accounted for. Determine how close to maturity Cascade could sell an investment and still classify it as held-to-maturity. To avoid volatility in their financial statements due to fair value adjustments, Cascade debated whether the bond investment could be classified as held-to- maturity; Cascade is pretty sure it will hold the bonds for five years. List disclosures that must be made for any sale or transfer from securities classified as held-to-maturity. Format your paper consistent with APA standards. Submit your assignment to the Assignment Files tab. Assignment Deliverables Summary: 1. How can the shares investment in Teton Inc. fair value be determined according to GAAP, provide FASB codification reference? 2. How should the bond investment in a County Government be classified if Cascade Company does not plan to hold the bond to its maturity? can the management change its intention in later years? 3. Under what condition and factors for an equity investment to be considered as "impaired", provide FASB codification reference? 4. What are the disclosure requirements for reclassification of sale or transfer of security from one category to another? ============================================== ACC 423 Week 2 WileyPLUS Assignment (New Syllabus/With Excel File) FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used to solve for any change in values Complete the following in WileyPLUS: • Brief
  • 11. Exercise 116 • Exercise 121 • Exercise 122 • Exercise 123 • Brief Exercise 17-2 • Brief Exercise 17-5 • Brief Exercise 17-7 • Brief Exercise 17-11 • Brief Exercise 17-13 • Exercise 17-3 • Exercise 17-9 • Exercise 17-12 • Exercise 17-18 • Exercise 17-27 Brief Exercise 116 On April 1, 2018, West Company purchased $472,000 of 6.50% bonds for $490,630 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2023. Prepare the journal entry on April 1, 2018. The bonds are sold on November 1, 2019 at 103 plus accrued interest. Amortization was recorded when interest was received by the straight-line method. Prepare all entries required to properly record the sale Exercise 121 Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Crane Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Hudson Company. At the beginning of Year 1, Crane bought 25% of Hudson's common stock at its book value. Total book value of all Hudson's common stock was $750,000 on this date. During Year 1, Hudson reported $69,000 of net income and paid $34,500 of dividends. During Year 2, Hudson reported $29,000 of net income and paid $19,000 of dividends. During Year 3, Hudson reported a net loss of $9,000 and paid $4,000 of dividends. Indicate the Year 3 ending balance in the Investment account, and cumulative totals for Years 1, 2, and 3 for dividend revenue and investment revenue. Exercise 122 (Part Level Submission) The following information is available for Irwin Company for 2018: Net Income $117,000 Realized gain on sale of available-for-sale debt securities 11,000 Unrealized holding gain arising during the period on available-for-sale debt securities 34,000 Reclassification adjustment for gains included in net income 7,500 a) Determine other comprehensive income for 2018. b) Compute comprehensive income
  • 12. for 2018. Exercise 123 On January 2, 2018, Tylor Company issued a 4- year, $550,000 note at 8% fixed interest, interest payable semiannually. Tylor now wants to change the note to a variable rate note. As a result, on January 2, 2018, Tylor Company enters into an interest rate swap where it agrees to receive 8% fixed and pay LIBOR of 5.7% for the first 6 months on $550,000. At each 6-month period, the variable interest rate will be reset. The variable rate is reset to 6.6% on June 30, 2018. Brief Exercise 17-2 Blossom Company purchased, on January 1, 2017, as an available-for-sale security, $82,000 of the 11%, 5-year bonds of Chester Corporation for $76,231, which provides an 13% return. Prepare Blossom’s journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amortization, and (c) the year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of $77,900. Brief Exercise 17-5 Tamarisk Corporation purchased 360 shares of Sherman Inc. common stock for $10,800 (Tamarisk does not have significant influence). During the year, Sherman paid a cash dividend of $3.50 per share. At year-end, Sherman stock was selling for $32.50 per share. Prepare Tamarisk’ journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) Brief Exercise 17-7 Bonita Corporation purchased for $285,000 a 25% interest in Murphy, Inc. This investment enables Bonita to exert significant influence over Murphy. During the year, Murphy earned net income of $185,000 and paid dividends of $54,000. Prepare Bonita’s journal entries related to this investment. Brief Exercise 17-11 Monty Company invests $10,600,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as available-for-sale and are purchased at par. At year- end, market interest rates have declined, and the fair value of the
  • 13. bonds is now $11,253,000. Interest is paid on January 1. Prepare journal entries for Monty Company to (a) record the transactions related to these bonds in 2017, assuming Monty does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Monty Company elects the fair value option to account for these bonds. Exercise 17-3 (Part Level Submission) On January 1, 2017, Bramble Company purchased 10% bonds having a maturity value of $340,000, for $367,149.34. The bonds provide the bondholders with a 8% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest receivable January 1 of each year. Bramble Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. a) Prepare the journal entry at the date of the bond purchase. b) Prepare a bond amortization schedule c) Prepare the journal entry to record the interest revenue and the amortization at December 31, 2017. d) Prepare the journal entry to record the interest revenue and the amortization at December 31, 2018. Exercise 17-9 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Tamarisk, Inc. is as follows. On January 20, 2018, Tamarisk, Inc. sold security A for $30,955. The sale proceeds are net of brokerage fees. Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. Exercise 17-12 The following are two independent situations. Situation 1 Pronghorn Cosmetics acquired 10% of the 182,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $76,700 cash dividend to all stockholders. On December 31, Martinez reported net income of $113,500 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Stellar, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles’s 28,900 outstanding shares of common stock at a total cost of $9 per
  • 14. share on January 1, 2017. On June 15, Seles declared and paid cash dividends of $35,400. On December 31, Seles reported a net income of $92,300 for the year. Prepare all necessary journal entries in 2017 for both situations. Brief Exercise 17-13 Presented below are two independent cases related to available-for-sale debt investments. Exercise 17-18 Vaughn Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $801,000, an amortized cost of $801,000, and a fair value of $729,000. The company believes that impairment accounting is now appropriate for these bonds. Prepare the journal entry to recognize the impairment. Exercise 17-27 On August 15, 2016, Riverbed Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $648. The notional value of the call option is 720 shares, and the option price is $72. The option expires on January 31, 2017. The following data are available with respect to the call option. ============================================== ACC 423 Week 3 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com Why are there differences between taxable and financial income? What are some examples of permanent and temporary differences? Why do these differences exist? How do they affect the financial statements? What experience do you have with either taxable and financial income and/or permanent and temporary differences in your organization or an organization that you are familiar with? ==============================================
  • 15. ACC 423 Week 3 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com How are the tax benefits of net operating losses (NOL) disclosed on financial statements? Which is more beneficial to an organization, an NOL carryforward or an NOL carryback? Explain why. What experience do you have with NOL in your organization or an organization that you are familiar with? When would a company decide to forego a NOL carryback? ============================================== ACC 423 Week 3 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com Why are there between taxable and financial income? What are some example of payment and temporary differences? Why do these differences exist? How do they affect financial statements.” “How they deferred tax assets and deferred tax liabilities derived? How do they relate to the difference between tax expenses and tax payable? How could an organization have a tax receivable? Why is tax expenses reported on the income statement comprised of current and deferred tax?”
  • 16. How are the tax benefits of net operating losses (NOL) disclosed on financial statements? Which is more beneficial to the organization, an NOL carryforward or NOL carryback? Why. When would a company decide to forego on carryback? ============================================== ACC 423 week 3 SEC 10-K Analysis (Ford Motors) FOR MORE CLASSES VISIT www.acc423mart.com ACC 423 week 3 SEC 10-K Analysis Below are the instructions. Read the SEC 10-K for Ford Motor Company. Alternatively, you can use Securities and Exchange Commission's (SEC) Edgar filing system to view this information. Write a 350- to 700-word paper describing the amounts of current and deferred income taxes. Explain the items that affect both these classifications. Provide details of the current and long-term portion of the deferred taxes. Be sure to list the Note number where you found your information. Format your paper consistent with APA standards. ============================================== ACC 423 Week 3 Team Assignment (CA 15-2, CA 15-6, CA 16-2, CA 16-4, CA 17-6) FOR MORE CLASSES VISIT www.acc423mart.com
  • 17. Complete the following for this assignment as a team: • Concepts for Analysis 15-2, p. 823 • Concepts for Analysis 15-6, p. 824 • Concepts for Analysis 16-2, p. 885 • Concepts for Analysis 16-4, p. 886 • Concepts for Analysis 17-6, p. 963 Compile all team members' input. Click the Assignment Files tab to submit your assignment. ============================================== ACC 423 Week 3 WileyPLUS Assignment (With Excel File Custom Work) FOR MORE CLASSES VISIT www.acc423mart.com This is a custom work only, email us at uopashinfo@gmail.com if you are looking for this tutorial Complete the following in WileyPLUS: • Brief Exercise 19-2 • Brief Exercise 19-6 • Brief Exercise 19-11 • Brief Exercise 19-14 • Exercise 19-6 • Exercise 19-8 • Exercise 19-17 • Exercise 19-20 • Exercise 19-24 ============================================== ACC 423 Week 4 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, explain why you would rather have a defined contribution plan or a
  • 18. defined benefit plan? What experience do you have with pension plans in your organization or an organization that you are familiar with? As an employer, explain why you would rather offer a defined contribution plan or a defined benefit plan to your employees? ============================================== ACC 423 Week 4 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com What are the components of pension expense? How do the components of pension expense differ among the various types of contribution and benefit plans? How is the interest rate determined? Why are prior service costs amortized? Based on your knowledge of the components of pension, what would make you more or less likely to invest in a company? ============================================== ACC 423 Week 4 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have defined contribution plan or a defined benefit plan? Explain your answer. As an employer, would you rather offer a defined contribution plan or a defined benefit plan? Explain answer.
  • 19. What are the components of pension expense? How is the interest rate determined? Why are prior service costs amortized? How do the components of pension expense differ among the various types of contribution and benefit Plans? How does a pension plan differ from a 401(k) plan? As an employee,.would you rather have a pension plan or a 401(k) plan? Explain your answer. If you were an employer, would your decision change? Why or why not.” ============================================== ACC 423 Week 4 Team Assignment (CA 19-3, CA 19-7, Ch 19 Comparative Analysis Case) FOR MORE CLASSES VISIT www.acc423mart.com Complete the following for this assignment as a team: • Concepts for Analysis 19-3, p. 1106 • Concepts for Analysis 19-7, p. 1107 • Ch. 19: Comparative Analysis Case, p.1108 Compile all team members' input. Click the Assignment Files tab to submit your assignment. ============================================== ACC 423 Week 4 WileyPLUS Assignment (With Excel File Custom Work) FOR MORE CLASSES VISIT
  • 20. www.acc423mart.com This is a custom work only, email us at uopashinfo@gmail.com if you are looking for this tutorial Complete the following in WileyPLUS: • Question 16 • Brief Exercise 20-1 • Brief Exercise 20-5 • Brief Exercise 20-6 • Brief Exercise 20-8 • Brief Exercise 20-10 • Brief Exercise 20-11 • Exercise 20-3 • Exercise 20-11 • Exercise 20-19 • Exercise 20-21 • Exercise 20-23 ============================================== ACC 423 Week 5 Discussion Question 1 FOR MORE CLASSES VISIT www.acc423mart.com What is a change in accounting principle? How do you determine if a change in principle should be reported retroactively, currently, or prospectively? How do these changes affect the financial statements? What experience do you have with change in accounting principle in your organization or an organization you are familiar with? ============================================== ACC 423 Week 5 Discussion Question 2 FOR MORE CLASSES VISIT www.acc423mart.com
  • 21. What are the differences between counterbalancing and noncounterbalancing errors? What are some examples of counterbalancing and noncounterbalancing errors? How are each handled? What experience do you have with counterbalancing and/or noncounterbalancing errors in your organization or an organization that you are familiar with? Does it matter if the books are closed? Explain why or why not. ============================================== ACC 423 Week 5 DQ (New) FOR MORE CLASSES VISIT www.acc423mart.com What is a change in accounting principle? How do you determinate if a change in principle should be reported retroactively, currently or prospectively? How do these changes affect financial statements? Why do accountants make errors? What types of errors may occur? Why is it necessary to correct them? Whit are the ramifications of not correcting errors? What are some examples of counterbalancing errors? What are some examples of noncounter balancing errors? What are the differences between counterbalancing and noncounter balancing errors? How are each handled? Does it matter if the books are closed? Why or why not. ============================================== ACC 423 Week 5 Team Assignment (CA 20-5, CA 20-7, CA 22-1, CA 22-6)
  • 22. FOR MORE CLASSES VISIT www.acc423mart.com Complete the following for this assignment as a team: • Concepts for Analysis 20-5, p. 1176 • Concepts for Analysis 20-7, p. 1177 • Concepts for Analysis 22-1, p. 1329 • Concepts for Analysis 22-6, p. 1329 Compile all team members' input. Click the Assignment Files tab to submit your assignment. ==============================================