ACC 545 Entire Course <br /> <br /> Complete course guide available here - http://class-tutor.com/doc/acc-545/acc-545-entire-course/ <br /> <br /> <br />ACC 545 Week 1 Individual Assignment CPA Report <br />Resource: University of Phoenix Material: Los Lobos Ledger Data <br />Review the information in the Los Lobos Ledger Data. <br />Prepare a statement of cash flows using the direct and indirect methods. <br />Prepare a classified balance sheet. <br />ACC 545 Week 3 Individual Assignment Jamona Corp. Scenario <br />Jamona Corp. Scenario <br /> Review the following information: <br />1. 1.On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows: <br /> 2006 – $320,500 <br /> 2007 – $309,000 <br /> 2008 – $308,000 <br /> 2009 – $310,000 <br /> 2010 – $300,000 <br />1. 2.The following information is available from Jamona’s inventory records <br />Units Unit Cost <br />January 1, 2007 (beginning inventory) 600 $ 8.00 <br />Purchases: <br />January 5, 2007 1,200 9.00 <br />January 25, 2007 1,300 10.00 <br />February 16, 2007 800 11.00 <br />March 26, 2007 600 12.00 <br />A physical inventory on March 31, 2007, shows 1,600 units on hand. Select any one of the inventory methods (LIFO, FIFO, Average Cost, or others). <br />1. 3.On July 6, Jamona Corp. acquired the plant assets of Berry Company, which had discontinued operations. The appraised value of the property is: <br />Land $ 400,000 <br />Building 1,200,000 <br />Machinery and equipment 800,000 <br />Total $2,400,000 <br />Jamona Corp. gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market value of $168 per share on the date of the purchase of the property. <br />Jamona Corp. expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building.
