ACCT 212 CourseProject (Devry)For more coursetutorials visit 1) The AccountingEquation is used to develop the organizations financial reports. (1) Describewhat owners’ equity values would be if Assets are $100,000 and Liabilities are$27,000 by showing the Accounting Equation (10 points) and (2) provide anexplanation of what accounts could be found in owners’ equity. (10points)
(TCO 1) The financialstatements present a company to the public in financial terms. (1) Whichfinancial statement identifies where cash was generated and where it was spentduring the year (10 points) and (2) identify the three major parts of thisstatement? (10 points)
(TCO 1) The accountingprofession follows a set of guidelines for measurement and disclosure offinancial information called the Generally Accepted Accounting Principles(GAAP). (1) Explain what the International Financial Reporting Standards (IFRS)are (10 points) and (2) provide an example of its application. (10points) —————————————————————————————————————————————–
ACCT 212 EntireCourse (Devry)For more coursetutorials visit
ACCT 212 Course Project ACCT 212 Week 4 Midterm ACCT 212 Week1-7 All Discussion Questions Week 1 DQ1 Financial Statements Week 2 DQ1 PrepaidExpenses vs. Unearned Revenue Week 2DQ2 Accrual vs. Cash Accounting Week 3DQ1Ethical Business Decisions Week 3DQ2 Trade Credit..—————————————————————————————————————————————–ACCT 212 Final Exam (Devry)For more coursetutorials visit
At the end of theperiod it is necessary to close all temporary accounts. (1) Explain why thisprocess is required (10 points) and (2) provide an example of the closing of anexpense account, Supplies Expense in the form of a journal entry
2. (TCO 2) Asrequired…