Acc/545 Class Work and Final Exam (Financial Reporting) Essay

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ACC/545 Class Work and Final Exam (Financial Reporting)

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ACC 545 Week 1, Individual Assignment, CPA Report 1
ACC 545 Week 1, Individual Assignment, CPA Report
ACC 545 Week 2, Learning Team, Los Lobos Ledger Preparation
ACC 545 Week 3, Individual Assignment, Jamona Corporation Data
ACC 545 Week 3, Indvidual Assignment, Jamona Corporation Scenario
ACC 545 Week 4 Individual Assignment
ACC 545 Week 4, Individual Assignment, Restructuring Debt Data
ACC 545 Week 4, Individual Assignment, Restructuring Debt
ACC 545 Week 5, Individual Assignment, Lee Corporation Equity Scenario Data
ACC 545
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ACC 545 Week 2, Learning Team, Los Lobos Ledger Preparation
ACC 545 Week 2 Learning Team Assignment Los Lobos Ledger Preparation
ACC 545 Week 3, Individual Assignment, Jamona Corporation Data
Review the following information:

On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows: 2006 – $320,500
2007 – $309,000
2008 – $308,000
2009 – $310,000
2010 – $300,000 The following information is available from Jamona’s inventory records Units Unit Cost
January 1, 2007 (beginning inventory) 600 $ 8.00 Purchases:
January 5, 2007 1,200 9.00
January 25, 2007 1,300 10.00
February 16, 2007 800 11.00
March 26, 2007 600 12.00 A physical inventory on March 31, 2007, shows 1,600 units on hand. Select any

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