ACC 291 All Discussion Questions - 87831

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Week 1 DQ1 How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? Week 1 DQ2 How would you describe the entries to record the disposition of accounts receivables? What is their function? Week 1 DQ3 Describe the entries to record the disposition of Accounts Receivable and discuss the function of those entries. Week 1 DQ4 Discuss the nature of intangible assets, using examples, and the basic issues related to accounting for them. Week 2 DQ1 Which depreciation method provides you the highest depreciation expense in the first year? Why? Week 2 DQ2 What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements? Week 2 DQ3 Discuss the accounting procedures for Notes Payable and Accounts Payable.  Discuss the nature of each account and the differences between these accounts. Week 2 DQ4 Discuss the differences among valuation, depreciation, amortization, and depletion.  Use examples please. Week 2 DQ5 Why do companies issue bonds? Would you rather buy a bond at a discount or a premium rate? Why? What is the determining factor of whether a bond is sold at a discount, face, or premium? Week 3 DQ1 Why does a company choose to form as a corporation? What are the steps required to become a corporation? What are the advantages and disadvantages of the corporate form of doing business? Week 3 DQ2 Why is preferred stock referred to as preferred? What are some of the features added to preferred stock that make it more attractive to investors? Would you select preferred stock or common stock as an investment? Why? Week 3 DQ3 Discuss the different types of dividends that a corporation may issue.  Discuss why a corporation should issue dividends and discuss what dividend you would prefer. Week 4 DQ1 Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company? Week 4 DQ2 What are some common ratios used to analyze financial information? Which are the most important? What are some examples of how ratios are used in the decision making process? Week 4 DQ3 Two popular methods of financial statement analysis are horizontal analysis and vertical analysis.  What are the differences between these two methods?
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