ACC 291 (Principles Of Accounting-ll) Entire Course - (Wiley Plus Excercises)
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Principles of Accounting II
ACC - 291 Week 1
Discussion Question 1:
How would you describe the entries to record the disposition of accounts receivables?
What is their function?
Discussion Question 2:
How are bad debts accounted for under the direct write-off method?
What are the disadvantages of this method?
Discussion Question 3:
[Please find an Annual Report from a company you want to use for the rest of the class. It can be your own company, a company from the resources at school, or one from the web. Try to answer all Discussion Questions by including detail from your source.]
Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?
Discussion Question 4 :
[Please find an Annual Report from a company you want to use for the rest of the class. It can be your own company, a company from the resources at school, or one from the web. Try to answer all Discussion Questions by including detail from your source.]
What is the difference between revenue expenditures and capital expenditures during a useful life?
Are there similarities?
• Individual Exercise E9.2.
ACC - 291 Week 2
Discussion Question 1:
What are the differences among valuation, depreciation, amortization, and depletion?
Is it appropriate to calculate depreciation using two different methods? Why?
What does the Annual Report you are using for class say about depreciation?
Discussion Question 2:
What types of industries have unearned revenue?
Why is unearned revenue considered a liability?
When is the unearned revenue recognized in the financial...