ACA1 Problems in Accounting

$90.00

SKU:872364. Category: . Tags: , .

Product Description

Problems in Accounting ACA1 COMPLETE COURSE all 6 tasks

Problems in Accounting ACA1 WGU-COMPLETE COURSE all 6 tasks – A+ WORK

This tutorial contains the attachments for the entire ACA1 Problems in Accounting course.  These attachments passed the Task stream evaluations.

 

TASK-1

A. Perform the calculations necessary to complete the following financial statements using the information provided in the given and the Excel templates provided.
1. Income Statement for Year 11 (Use the “Year 11 Partnership Distribution” worksheet found in the “Partnership Income and Tax” attachment below.)
2. Partnership Distribution for Year 11 (Use the “Year 11 Partnership Distribution” worksheet found in the “Partnership Income and Tax” attachment below.)
B. Write a brief discussion (suggested length of 1 paragraph) commenting on the need for reconciling book income for a partnership to taxable income for that partnership for tax purposes.

TASK-2

A. Write an essay (suggested length of 2–5 pages) in which you recommend the most advantageous tax filing status for Spouse A and Spouse B on their federal tax return. In your essay:
1. Explain your recommendation based on current, applicable tax laws.
2. Explain the rules that apply to the following types of income on the couple’s tax return.
a. Taxable and nontaxable income
b. Short­term and long­term capital gains or losses
c. Profit or losses from sale of property
d. Partnership income and losses
e. Gains or losses from passive activity
3. Explain your decision to include or exclude each of the types of income in part A2 based on current, applicable tax laws.
a. For part A2e, explain the rules that a pply to gains or losses from passive activity.
4. Calculate the adjustments to income that you would include on the return(s).
a. Explain each adjustment item based on the applicable tax law.
5. Determine whether the couple should use the standard deduction or itemized deductions on their return(s).
a. Explain your decision based on current, applicable tax laws.
6. Based on the given data, identify all tax credits available to the couple.
a. Explain any credits based on the applicable tax law.
B. When you use sources, include all in­text citations and references in APA format.

TASK-3

Note: For all calculations in this task, assume a marginal tax rate of 20%.
A. Using the financial statements provided (see the attached document “Corp and S­Corp Tax Return Template”), correctly perform the following calculations for ABC as a corporation:
1. Taxable income or loss for ABC as a corporation
2. Special tax deductions allowed for ABC as a corporation
3. Tax treatment of capital gains and losses for ABC as a corporation (Capital gains/losses do not apply to the corporation. They would have been closed out with the change of business form.)
4. The expense item limitations on a corporate tax return for ABC as a corporation
B. Using the financial statements provided (see the attached document “Corp and S­Corp Tax Return Template”), correctly perform the following calculations for ABC as an s­corporation:
1. Taxable income or loss for ABC as an s­corporation
2. Special tax deductions allowed for ABC as an s­corporation
3. Tax treatment of capital gains and losses for ABC as an s­corporation
4. The expense item limitations on a corporate tax return for ABC as an s­corporation
C. Write a brief essay (suggested length of a total of 1–2 pages) in which you do the following:
1. Describe how you would reconcile the book income to tax income differences for ABC as a corporation and an s­corporation.
2. Make a recommendation for the board of directors about whether or not ABC should become
an s­corporation, based on your calculations. (You may present this portion of your essay in memo format if you wish.)
D. When you use sources, include all in­text citations and references in APA format.

TASK-4

  1. Using the attached “Inventory Template,” compute the value of ending inventory using the following methods:
  2. Periodic FIFO
  3. Periodic average cost
  4. LIFO in a perpetual inventory system
  5. FIFO in a perpetual inventory system
  6. Write a short memo to the Fan Company A partners (suggested length of 1–2 pages) in which you:
  7. Explain your findings from part A.
  8. Recommend a method for Fan Company A management to use in computing inventory.
  9. Justify your recommendation.

a.  Include an explanation of the impact the method you recommended will have on net income.

TASK-5

A. Using the information provided in the Excel spreadsheet “Financial Records for Depreciation” attached below, calculate the depreciation for Fan Company A’s building using the straight line method.
B. Using the information provided on the Excel spreadsheet “Financial Records for Depreciation” attached below, calculate the depreciation for Fan Company A’s equipment using the following methods:
1. Double declining balance
2. Units of output
3. Sum­of­the­years’­digits
C. Write an essay (suggested length of 1–3 pages) in which you:
1. Suggest an appropriate method for depreciating Fan Company A’s equipment.
2. Provide justification for using the method you suggest in part C1.
D. When you use sources, include all in­text citations and references in APA format.

TASK-6

Perform the following calculations using the provided template (see the “Group and Composite Depreciation Template” attachment below):
A. Calculate the depreciation expense for the year using the composite method for 2010 and 2011.
B. Management is considering depreciating the ties using the group method for 2011. Calculate the depreciation expense for the year on the ties using the group method and compute the group depreciation rate for 2011.


  • Click Here to Buy this;

    http://www.coursehomework.com/rel-133-complete-course/

    Course Home Work aims to provide quality study notes and tutorials to the students of ACA1 Problems in Accounting in order to ace their studies.

    Course Home Work – Best Home Work Tutorials

    Home Work ACA1 Problems in Accounting

    ACA1 Problems in Accounting

    Course Home Work, ACA1 Problems in Accounting, Home Work Tutorials, Home Work Solutions, Home Work Essay, Home Work Questions.ACC 565 Wk 7 Assignment 3, ACC403 week 2 assignment, ACC565 Week 10, ACCT 212 (Financial Accounting),  ACCT 344 (Entire Course) – Devry, ACCT 344 Final Exam Latest 2014 – Devry,  ACCT 346 (Managerial Accounting), ACCT 346 Midterm Exam Updated DeVry, ACCT 504, ACCT 504 Week 8, ACCT 553, ART 101 Week 8, Ashford BUS 401, ASHFORD BUS 640, Ashford HIS 204, ASHFORD MAT 222 Week 3, BA 215 (Business Statistics), BA 215 All Assignments Week 1 -8 – Grantham, BA 225, BA 260, BA 265 (Business Law II), BA 265 (Business Law II) FINAL EXAM, BA 340 All Course Assignments, BA 340 Human Resource, BA 370 (Employment Law), BA 405 Multinational Management, BA 470 Week 3 – 5 – 6 – 7, BA 470 Entrepreneurship, BA350 Principles Of Finance, BIS 155 Final Exam – DeVry, BIS 220 Final Exam, BSOP 429, BSOP 434 Entire Course – Devry, BUS 303 Week 2, BUS 303 Week 3, BUS 303 Week 5, BUS 311 Business Law, BUS 330 Week 1, BUS 330 Week 3, BUS 330 Week 5, BUS 401 Week 4 DQ 1, BUS 401 Week 4 DQ 2, BUS 402 WEEK 4, BUS 405 (Principles of Investment), BUS 475, BUS 475 Final Exam 100 MCQS, BUS 475 Final Exam 600 MCQS, BUS 599 (STRAYER), BUS 599 Assignment, BUS 620 Week 4, BUS 640 Week 1, BUS499 Asignment 4, BUS508 Asignment 1, BUS499 Assignment 3

    For more courses visit

    http://www.coursehomework.com