WEEK 3- E-TEXT ASSIGNMENT.Accounting-400-individual Assignment

Feb 3rd, 2012
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Resource: Financial Accounting: Tools for Business Decision Making Prepare responses to the following assignment from the e-text: Ch. 10: Questions 1, 7, 8, & 19; Brief Exercise BE10-1; and Financial Reporting Problem BYP10-1 Ch. 11: Ethics Case: BYP11-9 Resources: Financial and Managerial Accounting: The Basis for Business Decisions Prepare responses to the following assignment from the e-text: Ch. 11: Exercise 11-10 Click the Assignment Files tab to submit your assignment (1) Georgia Lazenby believes a current liability is a debt that can be expected to be paid in one year. Is Georgia correct? Explain. (7) What are long-term liabilities? Give two examples. What is a bond? (8) Contrast these types of bonds: (a) Secured and unsecured. (b) Convertible and callable. (a) Secured and unsecured. Secured c) What is the effect of a stock dividend on a corporation’s stockholders’ equity accounts? Which would you rather receive as a stockholder—a cash dividend or a stock dividend? Why? etc...

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Resource: Financial Accounting: Tools for Business Decision MakingPrepare responses to the following assignment from the e-text:Ch. 10: Questions 1, 7, 8, & 19; Brief Exercise BE10-1; and Financial Reporting Problem BYP10-1Ch. 11: Ethics Case: BYP11-9Resources: Financial and Managerial Accounting: The Basis for Business DecisionsPrepare responses to the following assignment from the e-text:Ch. 11: Exercise 11-10 Click the Assignment Files tab to submit your assignment(1) Georgia Lazenby believes a current liability is a debt that can be expected to be paid in one year. Is Georgia correct? Explain.Geogia Lazen is right. This is because, a current liabilities are debts, which a company convincingly expects to repay (1) from the existing current assets or by creating other current liabilities and (2) pays within the operating cycle or one year, whichever is longer (Kimmel, 2007)(7) What are long-term liabilities? Give two examples.Long-term liabilities can be defined as obligations, which a company undertakes to pay after the financial year or one year, whichever is longer (Kimmel, 2007). Examples include Plants, Equipment, and Property.What is a bond?Bonds can be defined as a type of interest bearing note to be paid. It is issued by universities, government agencies and corporations (Kimmel, 2007)(8) Contrast these types of bonds: (a) Secured and unsecured. (b) Convertible and callable.(a) Secured and unsecured. SecuredThe secured bonds are regard

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