Essay on Acc 421 Nerd Absolute Tutors/Acc421Nerd.Com

1646 Words Feb 9th, 2016 7 Pages
ACC 421 Entire Course
FOR MORE CLASSES VISIT www.acc421nerd.com ACC 421Week 1 Discussion Question 1
ACC 421Week 1 Discussion Question 2
ACC 421 Week 1 Individual Accounting Cycle Paper
ACC 421 Week 2 Discussion Question 1
ACC 421 Week 2 Discussion Question 2
ACC 421 Week 2 Individual Assignments
ACC 421 Week 2 Learning Team Assignments From the Text
ACC 421 Week 3 Discussion Question 1
ACC 421 Week 3 Discussion Question 2
ACC 421 Week 3 Individual Assignment P1,P2,P3 And P4
ACC 421 Week 3 Team Assignment P4-3,E18-15 And P18-7
ACC 421 Week 4 Discussion Question 1
ACC 421 Week 4 Discussion Question 2
ACC 421 Week 4 Individual Assignment P1,P2,P3 And P4
ACC 421 Week 4 Team Assignment P5-3 And CA24-2
ACC 421 Week 5
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Problem 2: Grading: This problem is worth a total of 18.75 points. There are 10grading elements each worth 18.75 x 2/3 / 10 = 1.25 points. There are 18.75 x 1/3 = 6.25 points available for effort.
Consider each of the following in light of accounting assumptions, principles, and constraints: A: Potential gains are not recorded in the financial records; however potential losses are recorded in the financial records. B: Financial information for personal finances and financial information for business finances are kept separate. C: The value of land increases after it was purchased, however the increase in value is not recorded in the financial records. (Do not use the revenue recognition principle.) D: In the United States, the dollar is the quantitative measure used in financial statements. E: Allows a dealer in gold to revalue gold inventory up to market value, for instance. F: Requires the recording of expenses in the same period the revenue resulting from those expenses is recorded. G: A company’s assets are not reported at liquidation value. (Do not use the historical cost principle.) H: Allows information that will not influence the decisions of reasonably informed uses to be omitted from the financial statements but requires the inclusion of information that will affect such decisions. (Do not use the full disclosure principle.)

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