Devry ACCT 312 Full Course Latest

Description

Devry ACCT 312 Full Course Latest

 

Devry ACCT 312 Week 1 Discussions Latest

DQ1 Income Tax Expense and Income Taxes Payable

What is the difference between a company’s income tax expense as shown on the financial statement and an income tax obligation owed to the federal government? What gives rise to these discrepancies?

DQ2 Recognition of Deferred Taxes

What are temporary differences? What gives rise to temporary differences? Some accountants believe that deferred taxes should be recognized only for some temporary differences. The FASB requirement states that deferred taxes should be recognized for all temporary differences. Who do you agree with, and why?

Devry ACCT 312 Week 2 Discussions Latest

DQ1 Pension Accounting and Politics

Please select a company that has a pension plan. Describe the reporting requirements of the pension plan of the company you select. What does the pension plan consist of? How are the disclosures made to the plan and the pension costs?

DQ2 Retiree Health Benefits

What are the primary differences in reporting benefits associated with a pension plan and those associated with post retirement health benefits?

Devry ACCT 312 Week 3 Discussions Latest

DQ1 Stockholders’ Equity Section

Review Illustration 18-1 in the downloadable or hard copy text (Chapter 18). This is a detailed sample stockholders’ equity section of the balance sheet for Exposition Corporation. As you can see in the shareholders equity section of the balance sheet, shareholders equity is broken down into paid in capital, retained earnings of accumulated other comprehensive income, and treasury stock.Discuss the items and item descriptions that you find in this section. For example, the first item is preferred stock. What is preferred stock? What makes it different from common stock? How is the dollar amount shown for preferred stock determined? What is par value? Why is the preferred par value set at $10?

DQ2 Dividend Payments

Compare the payment of cash dividends, stock dividends, property dividends, and liquidating dividends. What are the similarities and differences with respect to these types of dividends? Which form of dividend would you recommend if you are the chief financial officer of the company, and why? How does the purchase of treasury stock from existing shareholders affect the shareholders equity section of the balance sheet? Why would a company purchase stock back from existing shareholders?

Devry ACCT 312 Week 4 Discussions Latest

DQ1 EPS Financial Statement Disclosures

What is basic earnings per share? What is diluted earnings per share? What are the differences between the two? How are basic and diluted earnings per share reported on the income statement and footnotes to the financial statements? Please select a company that is of interest to you and navigate to its website and to its annual report. Please examine the corporations financial statement disclosures of earnings per share (income statement and footnotes). What disclosures do you see based on your examination?

DQ2 Effects of Dilutive Items on EPS

Please list and discuss one item that might cause a company’s basic earnings per share to become diluted. Please describe the circumstances under which this item would dilute earnings per share.

Devry ACCT 312 Week 5 Discussions Latest

DQ1 Corporate Reporting of Accounting Changes

What do we mean by a change in accounting principle? Where are changes in accounting principle disclose on a company’s annual report? How is the change reflected on a company’s financial statements? The most noteworthy item on the income statement is net income. The most noteworthy item on the cash flow statement is not net cash flow. Explain this comment. Do you agree?

DQ2 Change in Estimates

What do we mean by a change in accounting estimates? How is a change in accounting estimate different than a change in accounting principle? Why did the accounting profession choose to handle changes in estimates using the prospective approach instead of the retrospective approach?

Devry ACCT 312 Week 6 Discussions Latest

DQ1 Cash Flow Statement Information

What is the purpose of the statement of changes in cash flow? What are the three areas (activities) that make up the statement of changes in cash flow? Why is net income the most noteworthy statement on a statement of cash flow?

DQ2 Cash Flows From Operating Activities

The statement of changes in cash flow includes changes associated with net operating activities. Compare the indirect and direct methods of determining cash flows from operating activities. Which method do you think provides the reader with the most valuable information?

Devry ACCT 312 Week 7 Discussions Latest

DQ1 Interpretation of the Cash Flow Statement

Examine the cash flow statement for Staples, Inc. shown in Real-World Case 21-6 in Chapter 21, and discuss the five questions in the case. Note the trend in cash from operations. Why is this trend occurring?

DQ2 Analyzing the Cash Flow Statement

Is negative cash from operating activities a negative indicator for a company? Why, or why not? What about negative cash from investing activities? What about negative cash from financing activities?

Devry ACCT 312 Week 1 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Exercise 16-3

Exercise 16-5

Exercise 16-10

Exercise 16-22

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 2 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Exercise 17-5

Exercise 17-7

Exercise 17-10

Exercise 17-12

Exercise 17-15

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 3 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Exercise 18-5

Exercise 18-11

Exercise 18-13

Exercise 18-19

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 4 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Exercise 19-2

Exercise 19-5

Exercise 19-10

Exercise 19-17

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 5 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Exercise 20-1

Exercise 20-10

Exercise 20-17

Exercise 20-24

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 6 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Exercise 21-14

Exercise 21-21

Problem 21-4

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 7 Homework Latest

Please answer the homework questions listed below, and submit them in one file to the Dropbox.

Problem 21-5

Problem 21-6

Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

Devry ACCT 312 Week 1 Quiz Latest

1.Question Which causes a temporary difference between taxable and pretax accounting income?

The dividends received deduction

Life insurance proceeds received due to the death of an executive

Investment expenses incurred to generate tax-exempt income

MACRS used for depreciating equipment

Question 2.Which difference between financial accounting and tax accounting ordinarily creates a deferred tax liability?

Interest income on municipal bonds

Prepaid rent

Proceeds from life insurance received due to the death of an executive

None of the above

Question 3. Which temporary difference ordinarily creates a deferred tax asset?

Installment sales for tax reporting

Accelerated depreciation for tax reporting

Completed-contract method for long-term construction contracts for tax reporting

Rent collected in advance

Question 4. Under current tax law, generally a net operating loss may be carried back

2 years.

5 years.

15 years.

20 years.

Question 5. In reconciling net income to taxable income, interest earned on municipal bonds is

ignored.

a temporary difference.

a permanent difference.

a reversing difference.

Devry ACCT 312 Week 2 Quiz Latest

Question 1 Which describes defined benefit pension plans?

The investment risk is borne by the employee.

The plans are simple and easy to construct.

Retirement benefits depend on the individual’s account balance.

The investment risk is borne by the employer.

Question 2. The accounting for defined contribution pension plans is easy, because each year

the employer records pension expense equal to the amount paid out to retirees.

the employer records pension expense based on an amount provided by the actuary.

the employer records pension expense based on the earnings of the plan assets.

the employer records pension expense equal to the annual contribution.

Question 3. Which is not a way of measuring the pension obligation?

Investor benefit obligation

Vested benefit obligation

Accumulated benefit obligation

Projected benefit obligation

Question 4. The PBO is increased by

amortization of prior service cost.

an increase in the actuary’s assumed discount rate.

an increase in the average life expectancy of employees.

a return on plan assets that is lower than expected.

Question 5.Our company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $220,000; benefits paid to retirees, $20,000; interest cost, $14,400. The discount rate applied by the actuary was 8%. Which was the beginning PBO?

$180,000

$200,000

$214,400

$224,000

Devry ACCT 312 Week 7 Quiz Latest

Question 1. Which is reported as an operating activity in the statement of cash flows?

The payment of dividends

The sale of office equipment

The payment of interest on long-term notes

The issuance of a stock dividend

Question 2.Using the direct method, cash received from customers is calculated as sales

plus an increase in allowance for uncollectible accounts.

minus an increase in allowance for uncollectible accounts.

plus an increase in accounts receivable.

plus a decrease in accounts receivable.

Question 3.Which is not reported as an adjustment to net income when using the indirect method of computing net cash flows from operating activities?

Cash dividends paid

A change in accounts receivable

Depreciation

A change in a prepaid expense

Question 4. A loss on the sale of machinery should be reported in the statement of cash flows as

an adjustment to net income under the indirect method.

an operating activity under the direct method.

an investing activity cash outflow.

a noncash investing activity.

Question 5. Each year, our company prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases. In its 2013 income statement, our company reported a $20,000 loss on the sale of equipment. In its reconciliation schedule, our company should

report a $20,000 cash outflow for the direct method.

show a $20,000 positive adjustment to net income under the indirect method.

show a $20,000 negative adjustment to net income under the indirect method.

None of the above

Devry ACCT 312 Week 4 Midterm Latest

1.Question Which event will result in a deferred tax liability?

Accelerated depreciation in the tax return

Interest income on municipal bonds

Subscriptions collected in advance

Estimated warranty expense

Question 2.Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset?

Tax depreciation in excess of book depreciation

The installment sales method for tax purposes

Revenue collected in advance

None of the above

Question 3.Pension expense is decreased by

amortization of prior service cost.

amortization of net gain.

benefits paid to retired employees.

prior service cost.

Question 4. An overfunded pension plan means that the

PBO is less than plan assets.

PBO exceeds plan assets.

ABO is less than plan assets.

ABO exceeds plan assets.

Question 5. Accounting for postretirement healthcare benefits is similar, in most respects, to accounting for

payroll taxes.

health insurance costs for current employees.

pension benefits.

sick pay and vacation pay.

Question 6.Which of the following transactions decreases retained earnings?

A property dividend

A stock dividend

A cash dividend

All of the above

Question 7.When a property dividend is declared, the reduction in retained earnings is for

the book value of the property on the date of declaration.

the book value of the property on the date of distribution.

the fair value of the property on the date of declaration.

the fair value of the property on the date of distribution.

Question 8. The most important accounting objective for executive stock options is

measuring their fair value for balance sheet purposes.

measuring and reporting the amount of compensation expense during the service period.

to disclose increases or decreases in the stock options held at the end of each accounting period.

None of the above

Question 9. Our company offered an incentive stock option plan to its employees. On January 1, 20X1, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 20X3, and expire December 31, 20X5. Each option has a fair value of $2 based on an option pricing model. Which is the total compensation cost for this plan?

$0

$60,000

$120,000

$300,000

Question 10. Nonconvertible bonds affect the calculation of

basic earnings per share.

diluted earnings per share.

both basic and diluted earnings per share.

None of the above

Question 11.When computing diluted earnings per share, which of the following will be omitted from the calculation?

The weighted average common shares

The effect of stock splits

Dividends paid on common stock

The number of common shares represented by stock purchase warrants

Question 12.Please describe a deferred tax liability. Also, please provide three examples of timing differences that result in a deferred tax liability.

Question 13. Please describe defined-benefit plans. Who bears this risk? What factors contribute to the amount that the employee receives upon retirement? What are the key elements of a defined-benefit plan?

Question 14. What are the two ways for a company to reacquire stock? Please also discuss when a company reacquires stock and whether there is a difference between the amount the shares were originally sold for and the cash paid to buy the shares back.

Question 15.Please describe a stock option plan. What are the key dates? What are some different ways that these plans can vest?

Devry ACCT 312 Week 6 Course Project Latest

Objective: To analyze the financial statements of a publicly traded company

Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company’s financial statements include deferred taxes, postretirement benefits, dilutive securities, and share-based compensation.

Using techniques you have learned in the previous weeks, respond to the following questions.

What amount of deferred tax assets or deferred tax liabilities are on the two most recent years on the balance sheet? What gives rise to these deferred taxes? What information is disclosed in the footnotes related to deferred taxes? Please define a deferred tax asset and deferred tax liability.

What temporary and permanent differences does the company disclose in their footnotes? What are some other examples of temporary and permanent differences?

What is the amount of income tax provision in the two most recent years on the income statement? What information is disclosed in the footnotes relating to income tax expense? Does the company have a net operating loss carry-forward or carry-back? What are the guidelines for carry-forwards and carry-backs?

Does the company have a defined benefit or defined contribution plan? What are the key elements of the plan discussed in the footnotes? What amounts on the balance sheet relate to this plan? What are the differences between defined benefit and defined contribution plans?

What are the earnings per share amounts disclosed on the income statement for the most recent year? What dilutive securities are discussed in the footnotes? Please identify and describe other examples of dilutive securities. How do these impact earnings per share?

What kind of share-based compensation does the company have? What was compensation expense for the two most recent years? What are the key elements of this plan discussed in the footnotes? Please identify and describe other types of share-based compensation.

Does the company use the direct or indirect cash flow presentation method? What is the difference between these two methods? How does the cash flow statement agree to the other financial statements?

What investing and financing activities does the company have? What are some other examples of investing and financing activities?

What noncash transactions does the company have on its cash flow statement? What are some other examples of noncash transactions?

 

 

DeVry Courses helps in providing the best essay writing service. If you need 100% original papers for Devry ACCT 312 Full Course Latest, then contact us through call or live chat.

Devry ACCT 312 Full Course Latest