Intermediate acct cycle project | Accounting homework help

 

The submitted project is required to be typed on Word or Excel.
This project is an individual assignment.  This project is worth 9% of your grade.
In this project, you have three main deliverables:
Financial statements including

income statement
balance sheet
statement of changes in stockholders’ equity
all related notes.  In the notes to the financial statement include notes on: significant accounting policies, revenue recognition, inventory, equipment, and any other notes you deem necessary.

You do not need to prepare a statement of cash flows

  A memo to the owners of Cherry & White Bike Company explaining and justifying the following accounting choices:

Accounting for inventory: inventory cost flow methods.

Determine possible alternatives and select a cost flow method for accounting for the racing bike inventory. 
Explain why you select the alternative that you use in the financial statements. 
Present an analysis of the alternatives. 
Show and discuss financial statements effects of the alternative methods and estimates such as change in net income, assets, or liabilities.
Examine the effects of the alternatives on the relevant common financial statement ratios of profitability, liquidity, and solvency.

Assume that C&W also used the method you selected or their standard bikes and children’s bikes.

Accounting for equipment: purchase price and subsequent measurement.

Determine possible alternatives. 
Explain why you select the alternative that you use in the financial statements. 
Present an analysis of the alternatives. 
Show and discuss financial statements effects of the alternative methods and estimates such as change in net income, assets, or liabilities.
Examine the effects of the alternatives on the relevant common financial statement ratios of profitability, liquidity, and solvency.

You may consider looking at the Accounting Standards Codification (ASC) for guidance on accounting and alternatives.

 Prepare the journal entries for all transactions in the general journal.

 

“#“”

Essay Writing Service

Order a unique copy of this paper
(550 words)

Approximate price: $22

Place Order
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
× WhatsApp us for help