Details of this Paper

Trident ACC201 module 4 case and SLP (Summer 2014)




Question;BALANCE SHEETAssignment OverviewThe main purpose of this module is to review the balance sheet in more detail.Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, clearlyDistinguish between an expense (expired cost) and an asset.Distinguish between current and long-term assets.Distinguish between current and long-term liabilities.Review Apple?s balance sheet and provide two examples of each of the above categories.Discuss retained earnings and how income or loss and dividends affect this account. Review Apple?s retained earnings account and explain how it changes between the two past years.Comment on at least three differences between Apple?s and Samsung?s balance sheets.Does Apple or Samsung have more debt?Which of the two companies is the bigger one? Explain your reasoning.Assignment ExpectationsThe submission should be 3 to 5 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format.SLPModule 4 - SLPBALANCE SHEETWe're continuing to analyze the same company as in modules 2 and 3.Additional information added in module 3One client had indicated that they were interested in purchasing $42,500 worth of products. However, the client has not actually committed to the purchase.The bookkeeper already corrected the sales account. However, the bookkeeper may have made a mistake when computing cost of goods sold. She included total production costs for 2012 and did not adjust ending inventory for the $42,500 worth of units left at the end of the year. The amount of ending inventory was determined using a physical count.Additional information for module 4The company made a secondary offering of stock and raised an additional $150,000.The company had already paid $15,000 in dividends before deciding on the offering.The company now has cash to invest in a piece of raw land on which to build in the future. The investment takes place before year end. The cost of the land is $400,000, the downpayment is $40,000 and a note to the bank covers the rest.Nybrostrand Company31-Dec-12Trial Balance (accounts in alphabetical order)DebitCreditAccounts payable78,000Accounts receivable36,500Cash30,000Common stock10,000Depreciation expense24,350Cost of goods sold307,000Equipment (net of depreciation)415,000Insurance1,400Inventory34,000Long-term debt127,000Marketing4,500Paid-in capital50,000Property taxes16,900Rent28,000Retained earnings?Revenues586,000Salaries78,500Utilities6,700Total982,850851,000SLP Assignment ExpectationsPrepare a balance sheet for the company in good format. Update the balance sheet for the changes to income in module 3 and also consider the effect of paying the dividend. You do not need to include the income statement.The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format.


Paper#39875 | Written in 18-Jul-2015

Price : $37