ACCT 212 DeVry Week 5 Complete Work Latest
ACCT 212 DeVry Week 5 Discussion 1
In the spotlight about FedEx Corporation, you get a feel for the amount of investment in assets and the resulting liabilities that are required to operate a competitive corporation. Even small businesses require plant, property, and equipment to compete and normally rely on some form of debt to finance themselves. Let’s start up a company that sells auto parts, like Napa or Auto Zone. What assets would we require? How might we finance them?
ACCT 212 DeVry Week 5 Discussion 2
Go to Course Home and review the Course Project tab. Continue to use the Course Project template from Doc Sharing. In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of the Course Project. Let’s start with Exercise 3-30A. For the Anderson Production Company, select one adjusting and one closing entry requirement. Develop the journal entry for review by your peers. Make sure to reference any page numbers of examples you are using. Hint: Revisit the Week 2 Lecture.
ACCT 212 DeVry Week 5 Course Project 1 Part B Rawls Repair Corporation
ACCT 212 DeVry Week 5 Checkpoint
(TCO 6) An asset with no physical form, but that has special rights to current and expected future benefits is a(n)
Question 2. Question :
(TCO 6) The process of depreciating an asset over its useful life is an application of the _____ principle.
Question 3. Question :
(TCO 6) All of the following are classified as natural resources and are depleted except for
Question 4. Question :
(TCO 6) When an investor owns between 20% and 50% of the outstanding stock of another company, the _____ method is used to account for stock investments.
Question 5. Question :
(TCO 6) Which of the following is not necessary to know in computing the future value of an annuity?
Amount of the initial payment
Length of time between investment and payment
Year the payments begin
Question 6. Question :
(TCO 6) All of the following are reported as current liabilities except
sales tax payable.
Question 7. Question :
(TCO 6) Failure to record an accrued liability causes a company to
understate owners’ equity.
Question 8. Question :
(TCO 6) If the market interest rate is greater than the stated interest rate, bonds will sell
at face value.
at a discount. at a premium.
at market value.
Question 9. Question :
(TCO 6) Bonds that mature at a single specified future date are called
Question 10. Question :
(TCO 6) The financing option that has the lowest risk to a company is financing by
issuing bonds payable.
issuing notes payable.