ACC 205 Week 4 DQ 2 Client Recommendations
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Client Recommendations
A client comes to you thinking about starting a consulting business. Specifically your client is interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following
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ACC 205 Week 4 DQ 1 Current Liability
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Current Liability
What is a current liability? From a user of financial statements perspective why do you believe current liabilities are separated from long-term liabilities? Based on your current experience and any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability
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ACC 205 Week 3 Journal Inventory Journal
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Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you believe this is the case?
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ACC 205 Week 3 Exercise Assignment Inventory
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1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows....