ACC 400 WEEK 2
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ACC 400 WEEK 2
Description:
Ch. 8: Questions 3 & 4
Ch. 8: Questions 3 & 4
Ch. 8: Exercise E8-5
Resources: Financial and Managerial Accounting: The Basis for Business Decisions
Prepare responses to the following assignment from the e-text:
Ch. 9: Exercise E9-9
ACC 400 Week 2 Team Assignment-Text Assignments Exercise E7-2 & Problem Set B P7-2B
Resources: Financial Accounting: Tools for Business Decision Making
Prepare responses to the following assignment from the e-text:
Ch. 7: Exercise E7-2 and Problem Set B: P7-2B
Discussion Questions
Explain what a current liability is and identify the major types of current liabilities. Explain what a long term liability is and provide examples. In which financial statement would you find these liabilities?
What are the types of equity accounts? What is the role of equity accounts in raising capital? Under what circumstances would you not pay a dividend? Under what circumstances would you pay a dividend?
