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16 Cards in this Set
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ACC 440 Complete Class NO Final |
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ACC 440 Week 1 DQ 1 What is the significance of goodwill in the consolidation process? Why is it necessary to determine goodwill impairment? Do you agree with the change in accounting for goodwill? Why or why not? |
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ACC 440 Week 1 DQ 2 Define the cost and equity methods or accounting for an investment. Under what circumstances would you use the cost or equity method of accounting for an investment? Why are the percentages of ownership only a guideline when accounting for an investment? |
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ACC 440 Week 1 Individual Ch. 2 Textbook Exercises Resource: Ch. 2 of Advanced Financial Accounting Prepare solutions to the following exercises from Ch. 2 of the text: C2-1: Choice of Accounting Method E2-1: Use of Cost and Equity Methods |
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ACC 440 Week 2 DQ 1 How are foreign exchange gains and losses reported? |
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ACC 440 Week 2 DQ 2 Why do companies hedge? Why would some companies choose not to hedge? |
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ACC 440 Week 2 Individual Ch. 12 Textbook Exercise Resource: Ch. 12 of Advanced Financial Accounting Prepare a solution to the C12-3: IASB Deliberations exercise from Ch. 12 of the text. Write a 700- to 1,050-word report in which you provide your responses to the case. Cite all resources. If you use an electronic source, include the link. If you use an additional printed source, attach a copy of the data to your paper.
Format your report consistent with APA guidelines. |
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ACC 440 Week 2 Learning Team Ch. 1 Textbook Exercises Resource: Ch. 1 of Advanced Financial Accounting Prepare solutions to the following exercises from Ch. 1 of the text: E1-2: Multiple-Choice Questions on Recording Business Combinations P1-31: Journal Entries to Record a Business Combination |
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ACC 440 Week 3 DQ 1 What are some of the issues we may run into when consolidating financial statements at period end? What types of transactions need to be addressed in a consolidation? |
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ACC 440 Week 3 DQ 2 Why do most parent companies acquire 100 percent ownership of the subsidiary when 51 percent would grant them economic control? |
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ACC 440 Week 3 Individual Ch. 12 Textbook Exercise Resource: Ch. 12 of Advanced Financial Accounting Prepare a solution to the P12-17: Translation, Journal Entries, Consolidated Comprehensive Income, and Stockholders’ Equity exercise from Ch. 12 of the text. |
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ACC 440 Week 3 Learning Team Ch. 11 Textbook Exercises Resource: Ch. 11 of Advanced Financial Accounting Prepare solutions to the Q11-1–Q11-10 exercises from Ch. 11 of the text. |
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ACC 440 Week 4 DQ 1 What are some issues to consider before investing in another company? |
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ACC 440 Week 4 DQ 2 What effect does a negative retained earnings balance on the subsidiary’s books have on consolidation procedures? |
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ACC 440 Week 5 DQ 1 When are profits on inter-corporate sales considered to be realized? Explain. |
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ACC 440 Week 5 DQ 2 What dollar amounts in the consolidated financial statements will be incorrect if intercompany services are not eliminated? |
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