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Do you work hard to achieve good grades, but does not get success at that level? Studentwhiz has found out a simple yet interesting way to help its students achieve good grades by learning in a smart way through University of Phoenix ACC 422 - Week 2 - Complete Solutions and ACC 422 - Week 2 - Complete Course. Our main motive is that our students should pass their exams with flying colors. ACC 422 - Week 2 - Complete Study Material and ACC 422 - Week 2 - Complete Guide are also been provided so that students can learn from them. On our learning portal you will get study material which is 100% updated and imparted by our experts.

ACC 422 - Week 2 - Complete

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Course Detail:

DQ1.Under what circumstances would a company need to estimate its inventory?

What are the differences between using the gross profit method and retail inventory method for estimating inventory?

Which method of estimation, gross profit or retail inventory, is best? Explain your answer.

 

DQ2.What are the criteria for capitalization of fixed assets?

What items are included in the cost of a fixed asset?

Should interest be included in the cost of a fixed asset? Explain why or why not.

 

DQ3.How do we account for the disposition of fixed assets?

What are the differences in how the exchanges of assets are handled, pending on whether they are similar or dissimilar?

What is the rationale for these differences?

What is the impact to the companies’ financial statements?

 

Individual Assignment - WileyPLUS Week Two

Assignment

Resource: WileyPLUS

Complete the following in WileyPLUS:

• Exercise E7-2 (20 Points)

• Exercise E7-8 (20 Points)

• Exercise E8-5 (20 Points)

• Exercise E8-14 (30 Points)

 

Learning Team Assignment - Textbook Assignments 1    

Prepare written responses to the following assignments from Ch. 7 & 8 of Intermediate Accounting:

• Problem P7-1 (30 Points)

• Exercise E8-25 (30 Points)

 

Learning Team Assignment - Weekly Reflection     

Discuss the objectives for Week One. How do these objectives relate to the importance of the balance sheet to internal users such as management and external users such as investors and creditors?

Write a 350- to 500-word summary of your Learning Team’s discussion.

(Use Microsoft Word)

 

Individual Assignment - Weekly Summary     

Post Weekly Summary in the Main Forum

 
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