Accounting Solutions - 1074 Words

Individual Assignment Problems MBAO287-ADM-471P-A: Essentials of Accounting I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University. Complete the following exercises in Understanding Financial Statements: Case 1.1, Problem 2.19, and Case 2.1.†¦show more content†¦What other information can be learned about the asset accounts from the notes? Have there been significant changes to the asset structure from 2009 to 2010? They possess cash, investments, receivables, inventory, long-lived assets and goodwill. Approximately a third of the assets are property, plant and equipment (PPE). The PPE is depreciated using straight line method over 2 to 4 years for machinery and equipment and 4 to 40 years for buildings. They get the most out of interest in long-lived assets they build themselves. Per footnote within the chapter, many of the short and long-term investments are valued at their fair values. There is wide data about valuations and whether the revaluations are recurring or nonrecurring. There have not been broad changes in benefit structure. The only immense modification is in short term investments (please see excel spreadsheet). b. Analyze the accounts receivable and allowance accounts. c. Describe the types of liabilities Intel has incurred. Which liabilities are the most significant to the company? Have there been significant changes to the liability and equity structure from 2009 to 2010? The most substantial debt is vendor accruals (AP and accrued items) and long term debt. There has not been a key change from 2009 to 2010 (please see excel spreadsheet). Equity is greater since they distributed some common stock and had earnings (increased RE).Show MoreRelatedIfrs Accounting Solution9004 Words   |  37 PagesSolutions to Problems and Exercises TABLE OF CONTENTS * Chapter 1 1 Concepts for Analysis 1-5 1 Concepts for Analysis 1-6 2 Concepts for Analysis 1-10 3 Concepts for Analysis 1-11 3 * Chapter 2 4 Brief Exercise 2-3 4 Brief Exercise 2-4 4 Brief Exercise 2-5 4 Exercise 2-3 5 * Chapter 3 6 Exercise 3-6 6 Exercise 3-9 6 Exercise 3-11 8 Exercise 3-14 10 Exercise 3-15 10 Exercise 3-16 10 * chapter 4 12 Exercise 4-2 12 Exercise 4-4 13 Exercise 4-5 16 Exercise 4-12 17 Read MoreCase Study : Complete Accounting Solution1912 Words   |  8 PagesIntroduction Complete Accounting Solution, LLC is a web-based complete accounting services business for small to mid-sized companies. 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