ACC 225

  • ACC 225 Module 1 Check Your Understanding (AIU Online)

    ACC 225 Final Exam (AIU Online)

    ACC 225 Final Exam (AIU Online) Complete the comprehensive problem at the end of chapter 12 in your textbook (pp. 606-607). Warner Company started business on January 1, 2011. The following transactions and events occurred in 2011 and 2012. For...

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  • ACC 225 Module 1 Check Your Understanding (AIU Online)

    ACC 225 Module 1 Check Your Understanding (AIU Online)

    ACC 225 Module 1 Check Your Understanding (AIU Online) 1.List the functions of an accounting system. 2.What types of decisions are made based on accounting information? 3.List 6 users of external financial reports are: 4.What information does the...

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  • ACC 225 Module 1 Homework Assignment (AIU Online)

    ACC 225 Module 1 Homework Assignment (AIU Online)

    ACC 225 Module 1 Homework Assignment (AIU Online) Part I: Short Response 1.Explain the ways in which the needs of internal and external users of accounting information are the same and different. 2.Why is it important for financial statements and...

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  • ACC 225 Module 2 Homework Assignment (AIU Online)

    ACC 225 Module 2 Homework Assignment (AIU Online)

    ACC 225 Module 2 Homework Assignment (AIU Online) Part I: Short Response 1.What are the advantages of a computer-based accounting system?  Does such a system eliminate the need for human judgment?  Explain. 2.In a double-entry system of...

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  • ACC 225 Module 3 Homework Assignment (AIU Online)

    ACC 225 Module 3 Homework Assignment (AIU Online)

    ACC 225 Module 3 Homework Assignment (AIU Online) Part I: Short Response 1.How can a person tell whether an entry to an expense account is payment for a legitimate expenditure or a means of concealing a theft of cash? 2.As a result of the...

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  • ACC 225 Module 4 Check Your Understanding (AIU Online)

    ACC 225 Module 4 Check Your Understanding (AIU Online)

    ACC 225 Module 4 Check Your Understanding (AIU Online) 1.What is the definition of investing activities? 2.The entry required to record a sales return by a customer would consist of: 3.Clancy Company sold $12,000 of merchandise to Lee Jones, with...

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  • ACC 225 Module 4 Homework Assignment (AIU Online)

    ACC 225 Module 4 Homework Assignment (AIU Online)

    ACC 225 Module 4 Homework Assignment (AIU Online) Part I: Short Response 1.Why is the purchase of inventory for resale to customers classified as an operating activity rather than an investing activity? 2.What are three generally practiced controls...

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  • ACC 225 Module 5 Check Your Understanding (AIU Online)

    ACC 225 Module 5 Check Your Understanding (AIU Online)

    ACC 225 Module 5 Check Your Understanding (AIU Online) 1.The entry to recognize the estimated expense related to compensated absences would be composed of: 2.What are post-employment benefits? 3.During the first week of January, Liesl Grady earned...

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  • ACC 225 Module 5 Homework Assignment (AIU Online)

    ACC 225 Module 5 Homework Assignment (AIU Online)

    ACC 225 Module 5 Homework Assignment (AIU Online) Part I: Short Response 1.Why is the purchase of inventory for resale to customers classified as an operating activity rather than an investing activity? 2.What are three generally practiced controls...

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  • ACC 225 Module 6 Homework Assignment (AIU Online)

    ACC 225 Module 6 Homework Assignment (AIU Online)

    ACC 225 Module 6 Homework Assignment (AIU Online) Part I: Short Response 1.What are the major characteristics of property, plant, and equipment? 2.A company that borrows money to construct its own building generally should include the interest paid on...

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  • ACC 225 Module 7 Check Your Understanding (AIU Online)

    ACC 225 Module 7 Check Your Understanding (AIU Online)

    ACC 225 Module 7 Check Your Understanding (AIU Online) 1.What is an annuity? 2.Assuming an annual interest rate of 12%, what factor from the tables would be used to calculate the amount that would be accumulated in the bank if a specified amount be...

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  • ACC 225 Module 7 Homework Assignment (AIU Online)

    ACC 225 Module 7 Homework Assignment (AIU Online)

    ACC 225 Module 7 Homework Assignment (AIU Online) Part I: Short Response 1.The higher the interest rate, the lower the present value of a future amount?  Why? 2.What are the two important characteristics that determine the issuance price of a...

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  • ACC 225 Module 8 Check Your Understanding (AIU Online)

    ACC 225 Module 8 Check Your Understanding (AIU Online)

    ACC 225 Module 8 Check Your Understanding (AIU Online) 1)What is a company likely to do when it has extra cash? 2)If a trading security declines in value, where in the financial statements should this change be reported? 3)Which classification of...

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  • ACC 225 Module 8 Homework Assignment (AIU Online)

    ACC 225 Module 8 Homework Assignment (AIU Online)

    ACC 225 Module 8 Homework Assignment (AIU Online) Part I: Short Response 1)Why do firms invest in assets that are not directly related to their primary business operations? 2)What are the four different classifications of debt and equity...

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