Acct 221 Study guides, Class notes & Summaries
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Need help in accounting for leases? dive in this document for more information.
- Class notes • 12 pages • 2024
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this document will give you in-depth insight-fullness in the field of finance. feel free to explore it. A brief summary is: IFRS 16, effective from January 2019, revolutionized lease accounting. It eliminated the distinction between operating and finance leases for lessees. Now, all leases are treated uniformly. Lessees must recognize both the right-of-use asset and a lease liability on their balance sheet. The income statement reflects depreciation of the asset and interest expense on the lia...
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Intermediate accounting
- Class notes • 8 pages • 2024
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Get broad and well explained insights in the field of intermediate accounting in this document.
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution
- Exam (elaborations) • 310 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution 
Liberty University ACCT 370 Exam 2 Complete solution 
100% satisfied: 

solutions 
1. The Common Stock account is reported on the balance sheet at the: 
2. The time that the performance obligation is satisfied for revenue recognition is 
usually: 
3. When reporting a change in an accounting principle, the general rule requires that 
the current year’s income from continuing operations reflect: 
4. Using the same account...
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Accounting for Receivables
- Class notes • 3 pages • 2023
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This document covers material from CH 9 in the Fundamental Accounting Principles 25th edition by John Wild, Ken Shaw, and Kermit Larson. This is a summary of the chapter detailing the work problems and skills needing to know after the chapter.
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution
- Exam (elaborations) • 289 pages • 2021
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution 
Liberty University ACCT 370 Exam 4 Complete solution 
100% satisfied: 

solutions 
1. Condensed financial data are presented below for the Phoenix 
Corporation: 
2. 3. 2019 4. 5. 2018 
6. Accounts 
receivabl 
e 
8. 267,500 9. 10.11.$ 
12.230,00 
0 
13. 
14.Inventory 15. 16.312,500 17. 18.19. 
20.257,50 
0 
21. 
22.Total 
current 
assets 
23. 24.670,000 25. 26.27. 
28.565,00 
0 
29. 
30.Intangibl 
e assets 
31. 32.50,000 3...
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Exam (elaborations) Liberty University ACCT 370 Exam 4 Complete solution
- Exam (elaborations) • 289 pages • 2021
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- $8.49
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Liberty University ACCT 370 Exam 4 Complete solution 
Liberty University ACCT 370 Exam 4 Complete solution 
100% satisfied: 

solutions 
1. Condensed financial data are presented below for the Phoenix 
Corporation: 
2. 3. 2019 4. 5. 2018 
6. Accounts 
receivabl 
e 
8. 267,500 9. 10.11.$ 
12.230,00 
0 
13. 
14.Inventory 15. 16.312,500 17. 18.19. 
20.257,50 
0 
21. 
22.Total 
current 
assets 
23. 24.670,000 25. 26.27. 
28.565,00 
0 
29. 
30.Intangibl 
e assets 
31. 32.50,000 33. 34.35. 36.60,0003...
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Exam (elaborations) Liberty University ACCT 370 Exam 2 Complete solution
- Exam (elaborations) • 310 pages • 2021
-
- $8.49
- + learn more
Liberty University ACCT 370 Exam 2 Complete solution 
Liberty University ACCT 370 Exam 2 Complete solution 
100% satisfied: 

solutions 
1. The Common Stock account is reported on the balance sheet at the: 
2. The time that the performance obligation is satisfied for revenue recognition is 
usually: 
3. When reporting a change in an accounting principle, the general rule requires that 
the current year’s income from continuing operations reflect: 
4. Using the same accounting methods to recor...
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Amazon 2022 SEC Report
- Essay • 6 pages • 2023
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This is a report that goes in detail about Amazons Sec statement for 2022
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ACCOUNTING 221 Quiz 2- ACCT 221 Quiz 2 Questions and Answers: University of Maryland Global Campus
- Exam (elaborations) • 14 pages • 2022
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- $15.50
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ACCT 221 Quiz 2 
University of Maryland Global Campus 
Professor Susan Sharp 
Fall 2019 
1. Baltimore Manufacturing Company just completed its year ended December 31, 2018. Depreciation for the year amounted to $180,000: 20% relates to sales, 20% relates to administrative facilities, and the remainder relates to the factory. Of the total units produced during FY 2016: 75% were sold in 2018 and the rest remained in finished good inventory. Use this information to determine the dollar amount o...
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ACCOUNTING 221 Home Work 3- ACCT 221 HW 3 Questions and Answers: University of Maryland
- Exam (elaborations) • 18 pages • 2022
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Question 1		7 / 7 points 
During FY 2016, Bravo Manufacturing had a beginning finished goods inventory of $250 & ending finished goods inventory of $1,000. Work-in-process decreased by $500 during FY 2016 and factory overhead was $2,000. The total manufacturing costs amounted to $48,000. Use this information to determine the FY 2016 dollar amount of: (Round dollar values & enter as whole dollars only.) 
1. Cost of Goods Manufactured 
2. Cost of Goods Sold 
 
Answer for blank # 1:	$48,500	(50 %...
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