ACC 305 Entire Course (Ash Course)
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ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5
ACC 305 Week 1 DQ 1 FASB and Ethics
ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures
ACC 305 Week 2 DQ 1 Earnings Management Case 4-3
ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2
ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers
ACC 305 Week 2 Problem E4-19 Wainwright Corporation
ACC 305 Week 2 Problem E4-22 Tiger Enterprises
ACC 305 Week 2 Problem E5-3 Installment sales
ACC 305 Week 2 Problem E5-10 Project Contracts
ACC 305 Week 2 Problem Integrating Case 5-23
ACC 305 Week 2 Problem Judgment Case 4-9
ACC 305 Week 3 Communication Case 6-3
ACC 305 Week 3 Judgment Case 7-5
ACC 305 Week 3 P7-10, P7-14
ACC 305 Week 3 P7-14 El Gato Painting Company
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ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2
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Judgment Case 5-2 (page 291)
Revenue earned by a business enterprise is recognized for accounting purposes at different times, according to the circumstances. In some situations revenue is recognized approximately as it is earned in the economic sense. In other situations revenue is recognized at point of delivery.
Required:
1. Explain and justify why revenue often is recognized as earned at point of delivery.
2. Explain in what situations it would be useful to recognize revenue as the productive activity takes place.
3. At what times, other than those included in (1) and (2) above, may it be appropriate to recognize revenue?
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ACC 305 Week 2 Problem...