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ACC 440 Week 5 Learning Team Assignment  

From the Text E6-11 ,E10-5, E10-6

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E10-6

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ACC 440 Week 5 Individual Assignment E5-13, 

P5-32, C10-1

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E5-13,-P5-32,-C10-1

Resources: Ch. 5 & 10 of Advanced Financial 

Accounting

Prepare solutions to the following exercises 

from Ch. 5 & 10 of the text:

E5-13: Consolidation after One Year of 

Ownership

P5-32: Consolidation Workpaper at End of First 

Year of Ownership

C10-1: The Effect of Security Type on Earnings 

per Share

ACC 440 Week 5 DQ 2

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What dollar amounts in the consolidated 

financial statements will be incorrect if 

intercompany services are not eliminated?

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ACC 440 Week 5 DQ 1

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When are profits on inter-corporate sales 

considered to be realized? Explain.

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ACC 440 Week 4 Learning Team Assignment 

E3-8 and C4-1

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Assignment-E3-8-and-C4-1

Resource: Ch. 3 & 4 of Advanced Financial 

Accounting

Prepare solutions to the following exercises 

from Ch. 3 & 4 of the text:

E3-8: Subsidiary Acquired for Cash

C4-1: Need for Consolidation Process

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ACC 440 Week 4 Individual Assignment 

Exercise Q4-1, Q4-3, Q4-9 And P5-30

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Exercise-Q4-1,-Q4-3,-Q4-9-and-P5-30

ACC 440 Week 4 Individual Assignment 

Exercise Q4-1, Q4-3, Q4-9 and P5-30

Resource: Ch. 4 and 5 of Advanced Financial 

Accounting

Prepare solutions to the following exercises 

from Ch. 4 and 5 of the text

ACC 440 Week 4 DQ 2

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What effect does a negative retained earnings 

balance on the subsidiary’s books have on 

consolidation procedures?

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ACC 440 Week 4 DQ 1

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What are some issues to consider before 

investing in another company?

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ACC 440 Week 3 Learning Team Assignment 

Ch. 11 Textbook Exercises

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Assignment-Ch.-11-Textbook-Exercises

Resource: Ch. 11 of Advanced Financial 

Accounting

Prepare solutions to the Q11-1–Q11-10 

exercises from Ch. 11 of the text.

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ACC 440 Week 3 Individual Assignment Ch. 12 

Textbook Exercise

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Ch.-12-Textbook-Exercise

Resource: Ch. 12 of Advanced Financial 

Accounting

Prepare a solution to the P12-17: Translation, 

Journal Entries, Consolidated Comprehensive 

Income, and Stockholders’ Equity exercise from 

Ch. 12 of the text.

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ACC 440 Week 3 DQ 2

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Why do most parent companies acquire 100 

percent ownership of the subsidiary when 51 

percent would grant them economic control?

What are the economic reasons supporting 

more than a 51 percent ownership level?

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ACC 440 Week 3 DQ 1

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What are some of the issues we may run into 

when consolidating financial statements at 

period end? What types of transactions need to 

be addressed in a consolidation?

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ACC 440 Week 2 Learning Team Assignment 

Ch. 1 Textbook Exercises

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Assignment-Ch.-1-Textbook-Exercises

Resource: Ch. 1 of Advanced Financial 

Accounting

Prepare solutions to the following exercises 

from Ch. 1 of the text:

E1-2: Multiple-Choice Questions on Recording 

Business Combinations

P1-31: Journal Entries to Record a Business 

Combination

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